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 …
Bitcoins: the challenge of property division in the digital age
On behalf of Kirk Montoute Dawson LLP posted in High Asset Divorce on Thursday, June 5, 2014. The digital age has introduced fresh challenges in obtaining accurate financial disclosure between separating spouses. Take, for example, Bitcoin and other electronic currencies. These currencies can be used to pay for Internet-based services and …
It is important for spouses to declare all assets during divorce
Divorce is nearly always stressful. Anyone who has gone through a divorce or separation in Calgary knows that trying to negotiate a settlement with a soon-to-be ex-spouse can be difficult. From trying to determine child custody to arranging child support to dividing matrimonial property, coming to an agreement in such …