“Exclusive Possession” of Your Matrimonial Home: What Does it Mean?
Many of you might know that under the Ontario Family Law Act (FLA), your matrimonial home has special status once you decide to separate from and divorce your spouse. At that point, your matrimonial home (defined as every property that “was at the time of separation ordinarily occupied by the person and his or her spouse as their family residence”) is subject to special rules governing how it...
Lessons Learned: Consequences of ‘Bad Faith’ Actions in Divorce Proceedings
Divorce proceedings often bring out the worst in couples, with some resorting to deceitful tactics to avoid their financial obligations. A recent case in Ontario sheds light on the severe consequences of such “bad faith” actions, highlighting the importance of honesty and integrity in legal matters. The Case: A Tale of Fraudulent Transfers and Deception In this case, a husband...
What is Legal Separation?
When a marriage isn’t working out, and a couple is ready to move on from the relationship, many people automatically assume that divorce is the next step in ending the marriage. There is a law in Ontario that states couples must be legally separated for at least one year before they can file for divorce. So, what is a legal separation? Here’s what you need to know. What is a legal separation?...
by Fine & Associates Divorce, Marital Separation, Marriage, Matrimonial Home, SeparationJune 23, 2022Matrimonial Home Interest
If a person makes a greater contribution to the purchase of a Matrimonial Home, does this mean they are entitled to a greater interest in the home? In the summer of 2011, the parties each sold their respective homes. In October, 2011, they purchased a home and began residing together in it. This home became the matrimonial home when they married. The price was $1,125,000. Mr. Black...The Matrimonial Home- Purchasing One Party’s Interest in the House
The Matrimonial Home is, in many cases, the separating parties most valuable asset. The parties wish to obtain their equity from the house and move on with their lives. How does this work? Either the parties agree to list the house for sale or one party can purchase the other party’s interest the Matrimonial Home. This normally takes place after discussing their options with a...