When it comes to getting a divorce, business owners may have a few extra things to worry about. Business that began or grew during the marriage can sometimes be considered marital property that needs to be divided during the family law process. Understanding how Alberta property rights impact business ownership and …
Those who are seeking to end their marriages may know that legal support is needed for the process, but what might that support look like? In Alberta divorces, there are few avenues individuals can go through to resolve family law issues. The most commonly pursued are collaborative law, mediation or “traditional” litigation. …
There are many issues often at play when a married couple chooses to end their union. In a high asset divorce, one common issue is spousal support. Many Alberta payers assume that spousal support payments will automatically end when their former spouse remarries or finds employment, but this is not always …
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 …
Many individuals going through a divorce in their 20s and 30s assume the process will be straightforward, especially if they do not have a shared house or children yet. In reality, even seemingly simple break-ups can have their fair share of legal, financial and personal challenges. Here are some things …
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 …
The earning power and wealth of Canadian women is higher than ever, but what does that mean when it comes to marriage and divorce? A reported $2.2 trillion in assets are under the control of Canadian women at present, a number expected to double within the decade. There are several things wealthy …
It is no secret that divorces can be incredibly stressful. Maintaining healthy work is critical for overall financial well-being. Consistent income can be a factor in support and property division conflicts, particularly in a complex asset divorce. Here are some tips that Alberta workers and business owners can turn to when trying …
Even in a fairly amicable divorce, surprises and misconceptions can catch people off guard. Those undergoing the divorce mediation process in Alberta should be aware of some of the financial and legal issues that await them, such as the impact of spousal support and the challenges of disconnecting shared accounts. Here …
