Proper valuations are essential to dividing property and calculating equalization payments in Ontario. Mistakes that result in undervaluing or overvaluing property can create significant financial and legal headaches. As such, it is crucial to avoid them, including...
When you are dividing (in Ontario we say "equalizing") your "net family property" as part of your divorce, fixing a dollar number to some assets and liabilities may prove to be especially challenging. In some cases, these complexities could derail an otherwise...
When people are planning their wedding, discussing what will happen to your property in the event of a divorce is typically not on the list of priorities. However, talking about a marital contract can be essential, especially for parties entering a marriage with...
Too often, engaged couples dismiss the idea of having a "prenuptial agreement" or "marriage contract" because they associate it with conflict and mistrust. Of course, a prenup is valuable if a marriage ends, but it can also be a tool in helping to clarify goals and...
Affluent couples (and even those less so) can have complex finances to which parties cannot easily assign a fair value. The first step in equalization of net family property (Ontario) is to assign a "fair value" to assets and liabilites. Such situations can involve...
Divorce is not something that happens overnight. Spouses might spend months or years fighting, reconciling, seeking counseling and living in limbo before someone ultimately files the necessary paperwork to end the marriage. Thus, it may not always be clear when...
