Going through a divorce can be a stressful and complicated time in your life. If you and your spouse run a small business together or even if only one spouse runs the business, the value of that business will need to be determined and divided. Pursuant to the Family Property …
When a couple is getting divorced, you will often hear they are seeking a “fair” divorce settlement. The concept of a fair divorce settlement is not universal however, fairness is subjective. What may feel is fair to you may not be the same as what your former spouses feels is …
It’s common to hear about couples staying together for the children, but what about staying together for the retirement savings? For many Alberta seniors, dividing up assets right before or during retirement can be a big undertaking, especially if plans and savings were designed with staying together in mind. For …
While some divorces are mutually agreed upon, many are initiated by one party. The other person may feel this is unfair, especially if they do not want the divorce themselves. However, the details of who chose to pursue a dissolution of marriage are typically unimportant in settling issues like property rights. …
When a marriage ends, former couples need to work toward a resolution with regard to their joint assets and liabilities. One of the things that can make this process difficult, particularly in a high asset divorce, is when one party attempts to hide assets. This can have serious legal, emotional …
Divorce does not only involve the division of assets, but also the distribution of debts and, in some cases, future income. A family law dispute can cause a great deal of financial stress and can have a major impact on a person’s credit if they are stuck carrying more debt than they …
For most divorcing couples, financial concerns are top-of-mind. The distribution of assets and future financial support make up the bulk of the family law process in most Alberta separations. Fortunately, there are preventative measures that can be taken to avoid an unfair or drawn-out break-up. The earlier these issues are discussed in …
Many people are aware of the property-related impact a divorce can have. But what effect does this financial and personal stress have on other aspects of a person’s health and well-being? Many people in Alberta are impacted by a family law dispute, and it is important to understand how this may …
Dividing assets during a divorce can be particularly difficult when a couple owns a lot of land, or if they have a shared business. For Alberta farming families, both are often in the mix, making for complex asset division. When splitting family assets, one common question among both rural and urban …
On behalf of Gary Kirk of Kirk Montoute Dawson LLP posted in Family Law on Monday, January 19, 2015. If you’re like a lot of couples here in Calgary who are separated or going through the divorce process, you may have a considerable number of questions about what to expect …
