Adult Children in Family Transition

Adult Children in Family Transition

What about the Adult Children when the Parents divorce? Left Behind or Fully Involved? Young adults often are excluded from conversation or ignored as the parents move from a partnership to separate independent households. Whether the changes the family undergoes, as a private family matter or played out publicly, whether seemingly without a hassle or
A Corporate Retreat, or Matrimonial Home?

A Corporate Retreat, or Matrimonial Home?

When a new client arrived for our initial consultation he seemed sullen and distracted. I asked what he was thinking about. He sighed and explained how he always believed that what was held by his company belonged to the company and what was used by the family were family assets. He had a group of
The First Joint Collaborative Meeting

The First Joint Collaborative Meeting

It’s a nerve-wracking experience to walk into a lawyer’s office to begin the journey of sharing your intimate marital or common law history. There was no Separation 101 course available in high school and seriously, the thought of ever going through this had not crossed your mind. After a good discussion of the different ways
Two sides to Joint Ownership of the House with the Children

Two sides to Joint Ownership of the House with the Children

Parents who solely own a house or cottage think about changing the ownership of these assets to include their children. While there may be sentimental or economic reasons for doing so, care must be taken to understand the full consequences of such a decision. Loss of critical tax credits for both the parent and child
Family Business Valuations and Marriage Contracts

Family Business Valuations and Marriage Contracts

A business owner was discussing seeking legal advice with Sandra, his high school sweetheart, about the impact his flourishing import/export corporation may face once they married. Jacques and his business partner, Sam, started seven years ago what is today a successful international company. There are four divisions employing 38 people; each with a family of
Customizing a Private Approach or Going Public

Customizing a Private Approach or Going Public

One of my best friends, Jim, is facing what he sees as a tough road ahead. It’s not that he and his wife are separating; it’s the unwelcome help he’s receiving from his gym mates. One soccer buddy boasts that Jim must lead the troops and show the rest of the guys what we’re made
Betrayal or Good Economic Sense?

Betrayal or Good Economic Sense?

For senior adults stepping into their second marriages, the tough conversation is often about the marriage contract. Not so long ago, this discussion would have been a nonstarter and certainly a deal-breaker. Feeling personal betrayal during this honeymoon phase, a tough discussion about money seems to come from nowhere.  The spouse being asked to sign
3 Tips from Experienced Clients on Picking the Right Lawyer

3 Tips from Experienced Clients on Picking the Right Lawyer

There was no course in school where you learned how to select the right family law lawyer. And, you probably didn’t need one back then. Now, you’re considering making a transition from being in a relationship to going solo or, from being solo to being a couple. It’s a good move to understand what legal
Give with Your Heart …and a Few Conditions

Give with Your Heart …and a Few Conditions

This article was published in Morgan Meighen & Associates inFocus Timely Investment Insight Spring 2012 Edition Given today’s uncertain economic times, parents may decide to financially assist their children now rather than traditionally providing a bequest contained in their will. They may purchase a starter home for their child; transfer a select class of shares
Collaborating Family Differences: Essential Elements 1

Collaborating Family Differences: Essential Elements 1

Facing what might be the toughest, most fearful time of your life, is admitting that your marriage may be over. It’s a tough and emotional time. It’s hard to imagine what comes next. Collaborating: What’s it all about? In common with innovative medical research, architectural design, theatre productions, the collaborative family approach is a voluntary

Step Up: Collaborate!

Step Up: Collaborate!

First Thoughts Whether you are entering into a relationship; already sharing a home together; or you or find yourself at the end of your marriage or long-term partnership, developing a comprehensive prenuptial, cohabitation, marriage, or separation agreement can be a daunting task. How do you start? How do you create an ideal parenting plan? How