The division of property during a divorce is a complex issue. While you’re potentially worried about where you are going to live, property used primarily for recreation like your cottage is also going to be important to your future happiness.
Here are some tips for protecting your cottage when you’re in the process of getting a divorce:
1. Know Your Advantages
According to the...
For the purposes of providing divorced persons with equal assets, the courts may need the parties to calculate net family property in Ontario. The net family property (NFP) is the amount of each spouse’s assets minus that person’s liabilities and debts. By calculating this amount, the judge can then accurately award the lower income spouse with an amount of property or assets that...
The law on marital property division in Ontario can be very complicated, and is often misunderstood. For this reason, it is usually advisable to seek assistance from a specialized Toronto divorce lawyer. This can save you a great deal of needless stress.
What is Regarded as Marital Property?
Marital property really requires a good set of family lawyers. When a marriage breaks down, what is...
