A business owned during the marriage is considered a matrimonial asset. Its value will be assessed and included in the asset division. Options include selling the business and splitting the proceeds or one spouse buying [...]
Debts incurred during the marriage are considered matrimonial debts and are typically divided equally between the spouses. This includes mortgages, credit card debts, and loans. A Divorce Mediator or Certified Divorce Financial Analyst can assist [...]
Yes, inheritance is generally excluded from matrimonial assets if it has been kept separate from marital property. However, if it has been co-mingled with joint assets, it may be subject to division. Consulting with a [...]
Yes, pensions are considered matrimonial assets and must be shared in a divorce. The value accrued during the marriage is subject to division. A Certified Divorce Financial Analyst can help determine the value of the [...]
The family home, known as the matrimonial home, is typically divided equally between spouses, regardless of whose name is on the title. This can involve selling the home and splitting the proceeds or one spouse [...]
In Ontario, matrimonial assets include all properties acquired during the marriage, such as the family home, savings, pensions, investments, and debts. Assets acquired before the marriage or through inheritance may be excluded. Consulting with a [...]
Yes, a prenuptial agreement is considered when splitting assets in Ontario. It outlines the division of assets in the event of a divorce, and courts generally uphold these agreements if they are deemed fair and [...]
It is important to split assets fairly to ensure that both parties can move forward financially stable and that any children involved are provided for. Fair asset division can reduce conflict and foster a more [...]
In Ontario, assets are typically split based on mutual agreement between the spouses. If an agreement cannot be reached, the court will decide based on the principles outlined in the Divorce Act. A Divorce Mediator [...]
You can get help from Divorce Mediators, Certified Divorce Financial Analysts, and family lawyers. These professionals offer guidance on asset division, ensuring fair and efficient resolution. Many offer in-person and virtual consultations, making it easy [...]
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