On behalf of Gary Kirk of Kirk Montoute Dawson LLP posted in High Asset Divorce on Wednesday, October 26, 2016. Anyone who owns a home in Canada right now is probably aware of the ongoing rise in the value of real estate. For those going through a divorce or considering a …
High-profile high asset divorce gets messy
On behalf of Gary Kirk of Kirk Montoute Dawson LLP posted in High Asset Divorce on Wednesday, September 14, 2016. Money is often the most contentious issue in a divorce settlement. A separating couple seldom agrees on what is fair, especially when the split is far from amicable. Even when …
Boomer separations lead to complex asset division
On behalf of Gary Kirk of Kirk Montoute Dawson LLP posted in High Asset Divorce on Friday, September 2, 2016. When long-married individuals look around their homes, most see many things accrued during their marriages. These are all considered assets legally, and couples who stay married into their golden years …
It may be possible to continue family business following divorce
On behalf of Gary Kirk of Kirk Montoute Dawson LLP posted in High Asset Divorce on Tuesday, March 1, 2016. Couples that divorce often have a lot at stake. This is particularly true when a family business is involved. The initial thought for many in this situation concerns how the …
Divorce and family businesses
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 …
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 …
How does child support affect calculation of spousal support in Alberta?
On behalf of Gary Kirk of Kirk Montoute Dawson LLP posted in High Asset Divorce on Saturday, May 16, 2015. Before a judge decides on the amount and duration of spousal support, entitlement to support must first be established. A disparity between the parties’ incomes is a factor to be …
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 …