Toronto Divorce Advice, Tips & Resources

Court rules regular gifts are income for child support purposes

In most all divorces in Ontario one of the matters that will need to be sorted throughout is whether a spouse will have to pay spousal or child support and, if so, how much. Before that can happen, a determination needs to be made regarding the spouse’s income. Recently a decision released by the Ontario Court of Appeal provides information regarding what may be considered income for the purpose of making these determinations.  In this specific case, financial gifts from the husband’s mother were deemed…

Retirement considerations for divorcing couples

There are many ways in which a divorce changes the life of those involved. In addition to physically splitting from one’s spouse, other things, such as time spent with children and assets, need to be divided as well. Depending on the specific financial situation of the divorcing couple, the assets that will need to be split will vary. Sometimes they include retirement plans. It is important that great care and attention is paid to the process of dividing these things since the settlement reached could…

Which documents are necessary to determine child support?

Though few couples that decide to have children together assume that they will breakup, it does of course happen. When it does, it is likely the custodial parent will seek child support from the other parent. This is true regardless of whether the couple was ever married. In Ontario, Child Support Guidelines are in place, which help determine how much those payments should be. Being aware of what those guidelines take into account can help parents involved in a child support proceeding prepare. Depending on…

Steps to take to secure a positive financial outcome in a divorce

The decision to end a marriage is one that most people in the greater Toronto area do not make lightly. For the best chance of securing a positive outcome financially, it is advisable to take certain steps. While the things we are talking about today pertain to both genders, they could be particularly helpful for women. The first thing is to make sure you have a separate financial account. This will be necessary if the couple divorcing opened a joint account after they were married….

The importance of the matrimonial home in a divorce

If you and your spouse are divorcing and there are many matters that need to be sorted out. Couples that own a house together may not be aware of how important that asset is in the determination of other things related to the divorce. For most couples a house is the biggest asset they own together and while some may not think twice about moving out, others going through a divorce believe it is important to hold onto the house—particularly if children are involved.  …

Women more likely to seek divorce. Here’s why.

When a couple decides to marry, while their vows may include the phrase “’till death do us part,” there is no guarantee that a relationship will last that long. When one, or both, of the parties to a marriage decide to end it, there are usually multiple factors that need to be considered. These include the division of assets and debts, spousal support, and when children are involved, custody and child support. Depending on the situation, the resolution of these matters can be contentious. Accordingly,…

call us now to get results 1.800.648.7943