What NOT to Do During a Divorce
Do NOT punish your Spouse The Divorce process can be very emotional. You may be very angry at your spouse. You may want to punish your spouse. Don’t make that mistake! If you make the divorce process more difficult, it will only increase your legal costs and increase your stress. It may make a resolution of the outstanding issues very difficult. Never threaten your spouse with violence. It can...
Why Business Owners Should Consider Entering into a Marriage Contract Before Marriage
Marriage is not only a union of hearts but also a union of assets, responsibilities, and commitments. This union can be particularly complex for business owners, as it can involve substantial financial interests and assets built over years of hard work. While no one enters into marriage thinking about divorce, it’s prudent for business owners to consider the potential benefits of a...
Protecting Your Finances in a High-Asset Divorce: Strategies and Considerations
Going through a divorce can be emotionally and financially challenging, especially when substantial assets are at stake. In this blog post, we will provide valuable advice to individuals who are navigating a high-asset divorce. From identifying and valuing assets to implementing effective strategies, we will guide you in protecting your financial interests during the divorce process. Remember,...
Divorce and Owning Foreign Assets
Property division is often the most contentious and complicated part of a divorce. Owning foreign assets can further exacerbate the toughness involved in valuing the marital estate and fairly dividing assets due to any of the following: Foreign countries may not enforce Canadian court orders. Foreign assets are subject to the taxes and laws of that country. Valuing foreign assets may take...
Is the division of property and assets always 50/50?
For couples who are starting the divorce process, they may believe that the division of assets and all property is always going to be 50/50. In some cases, this 50/50 division could greatly benefit one spouse but that doesn’t mean that same spouse contributed equal amounts to get the couple to their total assets and property. So, is the division of property and assets always 50/50 or can this...
Ending a Common-Law Relationship? Here’s What You Need to Know
Living together without getting married doesn’t make a relationship any less valid, and those relationships experience the same issues and roadblocks that legally married couples do. Those relationships can also come to an end – even after years together. The process for ending a common-law relationship is not exactly the same as going through a divorce, but there are some important things...
by Fine & Associates Common Law Spouses, Property Division, Separation, Spousal SupportApril 29, 2022
Who Gets the Family Pet After Divorce?
Going through a divorce or separation is really difficult for everyone involved. Sometimes the hardest part is splitting up the assets accumulated during the relationship, but there are some things you can’t split evenly. That situation often occurs when a family has a pet, and both sides are attached to the pet, so they want to bring the pet to their new home. Who wants the pet? Chances are,...
I Am in a Common Law Relationship: What Are My Property Rights?
Property Rights and Common Law Marriage in Ontario Common-law standing for couples in Ontario stipulates that the couple must have been living together in a “conjugal relationship” for no less than three years. But that timeline changes to just one year if the couple serves a parental role or is birth parents of a child. There is a long list of common law property rights guaranteed to...
Can the Terms of a Divorce Be Changed?
At first, the terms that were agreed upon for your divorce had been sufficient to cover your situation. However, as time passes, certain aspects of your agreement can become inadequate. In some cases, you may need to challenge the settlement by presenting evidence or data that would change the mind of the court. Certain parts of a divorce agreement can’t be changed once a ruling is made,...