There are many reasons why parties to a marriage decide to seek divorce. Whatever the reason, once finalized there is usually a period of adjustment that parties must go through. In Canada, statistics indicate that approximately 40 percent of marriages eventually lead to divorce. One of the biggest adjustments individuals in this situation face is how to live on a new financial situation. This is…
The decision to end a marriage is one that most people in the greater Toronto area do not make lightly. For the best chance of securing a positive outcome financially, it is advisable to take certain steps. While the things we are talking about today pertain to both genders, they could be particularly helpful for women. The first thing is to make sure you have…
If you and your spouse are divorcing and there are many matters that need to be sorted out. Couples that own a house together may not be aware of how important that asset is in the determination of other things related to the divorce. For most couples a house is the biggest asset they own together and while some may not think twice about moving…
When a couple decides to marry, while their vows may include the phrase “’till death do us part,” there is no guarantee that a relationship will last that long. When one, or both, of the parties to a marriage decide to end it, there are usually multiple factors that need to be considered. These include the division of assets and debts, spousal support, and when…
Since the hack of the Canadian company Ashley Madison, which is essentially a dating service for married couples, cheating has been in the news a lot and likely on a lot of people’s minds. While there are multiple reasons why a married couple in the Toronto area might decide to divorce, cheating is one factor that often pushes people to that point. Whenever children are…
When a marriage ends there are a variety of matters that need to be worked through. This process is often complex and difficult for all involved and may lead to neither party truly being happy with the outcome. In addition to the division of assets and spousal support, in some situations, couples will also need to work out custody arrangements for children and child support…