When you meet with your lawyer or mediator, they will provide a questionnaire for you to complete which includes a list of all of your assets and debts. The following is a list of common types of property which you will have to provide details about: Real estate – matrimonial home, recreational properties, etc. including mortgagesPension Plan details – obtain a Statement of Division of … [Read more...] about What type of property needs to be divided when we decide to divorce?
Division of Property
If my spouse and I hold property in joint names, how does that affect the division of property on separation and divorce?
If spouses hold property in joint names, the law presumes that you intend to share that property equally. When you and your spouse separate, once joint tenancy is severed, you will be presumed to each have an equal one-half interest in the property. Therefore, although it may be that one party did not contribute financially to the house during the relationship, that non-contributing … [Read more...] about If my spouse and I hold property in joint names, how does that affect the division of property on separation and divorce?
Divorcing This Year? Consider Your Options
Before you get too far into your thinking of what solutions you want as far as your post-separation life, you should figure out how you want to get divorced. There are 3 common approaches you can use. At the very least, I recommend that you become informed about these process choices so you can be certain to choose the one that is right for you. During their initial consultations, I … [Read more...] about Divorcing This Year? Consider Your Options
Do I have to update my will upon getting married or getting divorced?
In Alberta, new legislation was passed on February 1, 2012 with sweeping changes to how marriage and divorce affects your will. It used to be that entering into a marriage or an Adult Interdependent Partner Agreement revoked any existing will. Under the new legislation, these events do not revoke an existing will. However, if you do not change your will to include your new spouse, … [Read more...] about Do I have to update my will upon getting married or getting divorced?
Can my wife and I divide our RRSP money without feeling the tax consequences now?
Yes. It is very common in separation agreements or court orders to separate property that RRSPs are also subject to a division, or effectively redistribution, between former spouses. Canada Revenue Agency (CRA) imposes certain technical requirements on you and your spouse before it will allow such a division. The first hurdle: you and your spouse must be living separate and … [Read more...] about Can my wife and I divide our RRSP money without feeling the tax consequences now?
The Role of Lawyers in Family Mediation
When families meet with me and wish to use Mediation to resolve their issues relating to their separation and divorce, they often ask whether they need to have a lawyer as well, or if I can finalise everything (being that I am a lawyer and a mediator). Often clients want to use mediation instead of lawyers. I remind them that my role as mediator is to help them to (1) negotiate and (2) … [Read more...] about The Role of Lawyers in Family Mediation
Does my Canada Child Tax Benefit change when I separate from my spouse?
When you separate from your spouse (common-law or married), your entitlement to government benefits may change significantly. Remember, the amount of your CCTB and your GST credit payments is dependent on your family net income based on the information Canada Revenue Agency has from your income tax returns. Once you have been separated for 90 days, you become entitled to have your CCTB … [Read more...] about Does my Canada Child Tax Benefit change when I separate from my spouse?
Regarding division of property, what rights do unmarried partners have upon break-up? Does it matter if I’m on the Saskatchewan or the Alberta side?
It definitely matters which side of the border you are on. In Saskatchewan, the law is friendly towards unmarried partners. Once you have been living together as spouses for two years, you automatically become “spouses” under the Family Property Act. This means that you have all the advantages (and disadvantages) of dividing property that you acquired together from when you became … [Read more...] about Regarding division of property, what rights do unmarried partners have upon break-up? Does it matter if I’m on the Saskatchewan or the Alberta side?