Monthly Archives: February 2015

Accounting for gifts and debts in a Toronto divorce

If you are going through divorce in Toronto, then it is important to know that the division of matrimonial property involves more than totaling up your cash and other assets. To reach a fair settlement, your divorce lawyer and financial advisors should take an in-depth look at your financial portfolio to identify all divisible property, debts and any property that should be excluded from division….

How can a separation agreement benefit divorcing spouses in Ontario?

If you’re feeling uncertain about the future now that you and your spouse have separated, then you are not alone. Many separated spouses are not sure of how to proceed in terms of ending the marriage fairly and equitably. You’re not only dealing with emotional stress; you also have legal concerns, which may include matters of property division, child care, spousal support and moving house. …

Equal contribution: What the law presumes about property division

When a couple divorces in Ontario, the law presumes that each party contributed equally to the marriage. This recognition of equal contribution is particularly important in matters of property division. The law also presumes that the value of matrimonial property, which is generally property that was acquired during the marriage and before separation, will be shared equally. Property that you owned prior to the marriage…

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