On behalf of Gary Kirk of Kirk Montoute Dawson LLP posted in High Asset Divorce on Sunday, March 22, 2015. When separated spouses in Alberta can’t agree on who will stay in the matrimonial home, it may be necessary for one spouse to apply for exclusive possession of the property. …
What financial documents are needed to calculate support payments?
On behalf of Gary Kirk of Kirk Montoute Dawson LLP posted in High Asset Divorce on Monday, January 19, 2015. When a married or common-law couple separates, determining the amount of child support and spousal support tends to be a complicated matter, especially if complex assets have to be considered. …
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 is entitlement to spousal support determined in Alberta?
Alberta’s Spousal Support Advisory Guidelines offer formulas for deciding the amount and duration of support to be paid. However, using the guidelines can lead to a variety of potential payment amounts. Even with these guidelines, the determination of spousal support can be very complicated. Before the amount and duration of …
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 …
Things you should know about Spousal Support Guidelines in Alberta
On behalf of Kirk Montoute Dawson LLP posted in High Asset Divorce on Friday, September 26, 2014. Two statutes — the Family Law Act and the Divorce Act — are used to determine matters of spousal support in Alberta. In general, the purpose of spousal support is to recognize and …
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 …