If you are divorcing in Ontario, you and your soon-to-be ex can expect to equally share in the increased net worth of your marriage. In other words, if husband's net worth from date of marriage to date of separation increased by $1,000 and wife's net worth stayed the...
Property
Tips for bouncing back financially after divorce
On Behalf of Gene C. Colman Family Law Centre | Jan 5, 2023 | Property, Property Division
Few events are more financially disruptive than a divorce. In the span of this one event, parties can lose half their pension acquired during their marriage and their home; they go from having two incomes to support one household to supporting themselves. It might...
Is your ex hiding assets? Where to find answers
On Behalf of Gene C. Colman Family Law Centre | Jan 5, 2023 | Property, Property Division
Dividing assets and money in an Ontario divorce is a complex and intensive process. Add in attempts to hide date of separation assets and artificially inflate debts, well it becomes even more contentious and complicated! (And note that in Ontario, we don't really...
Ontario asset valuation, division, equalization (or how I got used to Ontario property law and learned to love it, LOL)
On Behalf of Gene C. Colman Family Law Centre | Nov 22, 2021 | Property, Property Division
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...
DIVORCE & ONTARIO PROPERTY DIVISION
On Behalf of Gene C. Colman Family Law Centre | Nov 17, 2019 | Property
Division of property: A common misconception is that divorce requires Ontario couples to equally split all their property, including the matrimonial home. Rather, what Ontario actually requires (re property division) is that separated spouses must equally share in the...
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