In this article we will be talking about employment pension plans, and how they are valued and divided when spouses separate or divorce. Starting Point Where Pensions Are Involved First we need to identify which type of pension that you may have. They’re not all the same, and it’s important to understand the differences. When we say pension, you may think of a few different kinds of … [Read more...] about Pension Division Basics
Division of Property
Top 6 Questions Asked by Separating & Divorcing Clients
In this blog we will reveal our Top 6 Questions that get asked by separating and divorcing clients. Question 1: I’m separating, what type of professional should I hire, and when should I hire them? The first thing I want to address is the cause and effect nature of this question – for many people, they recognize that they’re separating, and they automatically assume they need to hire a … [Read more...] about Top 6 Questions Asked by Separating & Divorcing Clients
How Do Spouses Divide their Property on Separation or Divorce?
The division of assets and debts for couples separating or divorcing can be overwhelming. Exchange of documents, valuing assets, protracted negotiations. This article will help Alberta and Saskatchewan couples understand the basics of how property division works in each province. Of course, it’s a very complex topic, but let’s give it a try to go through the principles. What … [Read more...] about How Do Spouses Divide their Property on Separation or Divorce?
What is an Interspousal Agreement?
People often ask what is meant by an Interspousal Agreement, and why one would be necessary after a separation or whether one should be signed during a relationship? It’s not something that is legally required, but it’s recommended in many circumstances whether separating or continuing to live together. Continue reading to find out more. What is an Interspousal Agreement? Is it the same … [Read more...] about What is an Interspousal Agreement?
How Do We Divide Household Contents when Separating Or Divorcing?
When separating or divorcing, it can be overwhelming to think of all of the decisions that have to be made. One of the very first decisions is often that of one spouse or parent moving out of the family home. When considering this move, separating couples can be stumped trying to figure out what stays and what will go with the moving-out spouse. Here’s some ideas to help with … [Read more...] about How Do We Divide Household Contents when Separating Or Divorcing?
What is the Disclosure Process?
One of the first things that needs to be organized in any divorce is the documentation. There’s lots of documents required to be exchanged between spouses. What are those documents, and when should the gathering start? Let’s start very simply – what do you mean by disclosure? Disclosure is the process of providing information and documentation relating to 4 main … [Read more...] about What is the Disclosure Process?
Planning for Living Together – Questions to Contemplate
Unmarried living together – very common these days! Planning for that cohabitation – less common, but probably one of the most important things you can do. Whether you end up married or not, the law in many jurisdictions provides that once you’ve been living together for a certain period, your division of assets & debts / spousal support obligations / entitlements on separation or death … [Read more...] about Planning for Living Together – Questions to Contemplate
Changes are Coming for Unmarried Separating Couples in Alberta – Jan 1, 2020
There’s a new Act coming into force on January 1, 2020 – the Family Property Act – replacing the current Matrimonial Property Act. The biggest change is that this legislation now gives unmarried separating couples in Alberta the right to automatically divide their assets and debts. This is huge – until now, these separated couples had to prove that there should be a division of assets … [Read more...] about Changes are Coming for Unmarried Separating Couples in Alberta – Jan 1, 2020