The Financial Implications of Divorce: Asset Division, Spousal Support, and More
Divorce is a difficult life transition that can often come with financial implications. Splitting up shared assets, navigating spousal support payments, and juggling the costs associated with splitting up are all stress points for individuals preparing to end a marriage. However, understanding your rights and researching strategies for asset division may be more beneficial than…
Spousal Support: 6 Things You Need to Know in Mississauga
Deciding to end a marriage is never easy, and the financial implications shouldn’t be overlooked. Spousal support—also known as alimony or maintenance—can play an essential role in ensuring that both parties are taken care of following a divorce or separation. Understanding the different types of spousal support available and how they may affect your long-term…
The Importance of Prenup In Canada And How A Family Lawyer Can Help
Whether you’re just engaged or have been dating for a while, one thing that often gets overlooked is agreement on what will happen with property division should things go south between partners before their wedding day. Prenuptial agreements are not always easy to come by these days, but if they can help protect your future…
What is Spousal Support in Canada?
Spousal support refers to the financial support of one spouse to the other after a divorce. It is sometimes also called ‘alimony’ or ‘maintenance.’ Throughout Canada, there are clearly described rules for spousal support by the establishment of the Divorce Act (Federal Law). In general, according to the Divorce Act, spousal support is required when…
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