On behalf of Gary Kirk of Kirk Montoute Dawson LLP posted in High Asset Divorce on Friday, October 23, 2015. Marriage is certainly a major endeavor for couples to enter. Some married couples take it even further by going into business together. If that couple ever divorces and they have …
Signs that your spouse is hiding assets
On behalf of Gary Kirk of Kirk Montoute Dawson LLP posted in High Asset Divorce on Monday, October 19, 2015. In most separations, whether the parties were married or lived common-law, division of assets can become a contentious issue. Regardless of the amount of funds a couple has, it is …
Addressing myths surrounding mediation in divorce
On behalf of Gary Kirk of Kirk Montoute Dawson LLP posted in Divorce Mediation on Monday, October 12, 2015. When couples in Calgary decide to divorce there are many factors that motivate them. Some want to get through the process as quickly as possible, others to get through the process …
Report on bankruptcy among seniors brings to mind importance of divorce, estate planning
On behalf of Gary Kirk of Kirk Montoute Dawson LLP posted in High Asset Divorce on Thursday, June 4, 2015. A recent CBC News article draws attention to the financial struggles seniors in Canada may encounter after retirement. The cited statistics bring to mind the importance of estate planning but …
What are the grounds for divorce in Alberta?
On behalf of Gary Kirk of Kirk Montoute Dawson LLP posted in High Asset Divorce on Friday, April 3, 2015. In Canada, there are three grounds for filing for divorce: adultery committed by the other party, mental or physical cruelty committed by the other party, and one-year separation of the …
Presumption of a 50-50 split only a starting point when dividing complex assets at divorce
On behalf of Gary Kirk of Kirk Montoute Dawson LLP posted in High Asset Divorce on Friday, March 27, 2015. If your pending divorce involves significant assets, then coming to a fair division of matrimonial property will require careful analysis. Alberta’s Matrimonial Property Act states simply enough that matrimonial property …
Accounting for complex assets in a divorce settlement
On behalf of Gary Kirk of Kirk Montoute Dawson LLP posted in High Asset Divorce on Monday, January 19, 2015. The accurate valuation of matrimonial property can pose an array of challenges, perhaps especially if the spouses have acquired significant assets over time. These could include business assets, registered retirement …
How does divorce affect one’s taxes?
On behalf of Kirk Montoute Dawson LLP posted in High Asset Divorce on Saturday, October 25, 2014. A variety of financial concerns have to be taken into account when a marriage breaks down, and it may be necessary to call upon accountants, financial advisors and business valuators to provide an …
What property is exempt from division in an Alberta divorce?
The Matrimonial Property Act (MPA) is the Alberta law used to classify and distribute property when a marriage ends. The basic presumption of the law is that matrimonial property and debts will be divided equally between the spouses. The MPA also provides for some kinds of property to be exempt from …
Divorce: How is property divided between joint tenants?
In matters of asset division in divorce or separation, the law can be complicated. For example, when a couple divorces, there may be questions of ownership with regard to the family home. While a prenuptial agreement can help you avoid confusion by stating exactly what each spouse will receive in …