Couples who have become acclimated to a certain lifestyle, or who hold a significant amount of wealth, have particular considerations when they choose to end a marriage. In Alberta, even high asset divorce can leave one or both parties with concerns about their financial well-being. What can be done to …
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 …
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 …
When couples have been together for a long time and have built their lives as a unit, splitting assets can be tricky business. The rise of so-called “grey divorce” in Canada has also given rise to questions about complex asset division, as many of these splits are anything but straight-forward. Here is …
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 …
Figuring out who gets which assets in a divorce is rarely easy, but for some couples it can get even more complicated. This is certainly the case for couples who share a business. Alberta couples with a family business or businesses can add many complexities to the property division process. Many consider shutting …
On behalf of Gary Kirk of Kirk Montoute Dawson LLP posted in High Asset Divorce on Thursday, September 13, 2018. Entrepreneurs need to know a lot more about divorce than the average Joe or Jane. Some Alberta residents who have amassed a sizable amount of assets from a successful business …
On behalf of Gary Kirk of Kirk Montoute Dawson LLP posted in High Asset Divorce on Monday, July 30, 2018. The divorce process has changed drastically within the last few decades. And with those changes in Canada, couples who are divorcing may find themselves with a whole new set of …
On behalf of Gary Kirk of Kirk Montoute Dawson LLP posted in High Asset Divorce on Monday, February 12, 2018. When a marriage breaks up, there are many things to consider besides healing broken hearts. If a divorcing Alberta couple has amassed sizable assets, they need to think about things like property …
