Planning to buy a home is a big investment for anyone. When a couple decides to do it together, the endeavor can be quite complicated. This is true whether a couple is married or in a common-law relationship. If the couple decides to end their marriage or relationship, things can become even more complex. Taking certain steps before buying a house could make a split…
There are many ways in which a divorce changes the life of those involved. In addition to physically splitting from one’s spouse, other things, such as time spent with children and assets, need to be divided as well. Depending on the specific financial situation of the divorcing couple, the assets that will need to be split will vary. Sometimes they include retirement plans. It is…
There was a time when couples waited until after they were married to purchase a house. Throughout the years however, things have changed and more and more often people involved with each other, who are not interested in entering into the union of marriage, are opting to buy a house and live together. In these situations, should the relationship come to an end, legal issues…
When a couple in the Toronto, area, decides to marry, there are many decisions to make. While the primary focus may be on what will be worn and what food will be served, some couples look farther into the future to address how they want their assets to be divided should their union come to an end prematurely. These individuals could memorialize their decisions in…
In most cases the divorce process is a trying time in someone’s life. This is usually true regardless of the age of the parties divorcing, the assets they have accumulated and whether children are involved. While every divorce is of course different, there are some generalities that can be applied to certain demographics of divorcing couples. For example, while couples with young children may be…
As we mentioned in our last post the matrimonial home can factor greatly into a divorce. While the way a divorcing couple handles the sale of the home can have a financial bearing on a divorce settlement—regarding the division of assets—it may also impact things that you have not taken into consideration. Specifically, who has possession of the asset can be very relevant. For example,…