When entrepreneurs and small business owners are transitioning their personal relationships such as cohabiting or separating is to learn about their right to secure their wealth and prepare for an orderly distribution if that relationship doesn’t succeed. Another time of transition requiring a good look at securing wealth is upon the transfer of inheritance. Domestic
Tips for Business Owners Contracting Into, During, and Out of a Relationship Developing your business is a life long adventure. You consult with a professional team to support its growth, strengths and overcome its weaknesses. Your spouse or partner may be working alongside you or managing the family giving you space and time to focus
For more than two decades Lorisa Stein, an experienced family law lawyer practicing in Ontario, has listened to her clients to express their needs and wishes as they journey through life. Embarking on a new relationship, taking their marriage vows of facing the sometimes challenging path of separation and divorce her clients have appreciated Lorisa’s
MAXIMS and MUSINGS WHICH MATTER: PART 1 Lorisa Stein is a senior Ontario family law lawyer who, after more than a decade in the courts, moved to a settlement-focused collaborative family law practice. Through this lens and her interests in sports, design, mentoring, and ethics, she has developed some favourite truisms for her clients. Some
A new client sought to explore the impact of a spouse’s decision to divorce after 28 years of marriage. They had married young with their large families enjoying the occasion with them. He had diligently saved gifts of money, annual bonuses, and tax refunds over the years to own a small house and summer cabin
Essential Notes to the Collaborative Approach for Resolving Family Differences What is it? For families, the collaborative approach is different. It’s a private and effective issue resolution process. It’s for those who want to help each other find the best solutions for their family problems. For the immediate concerns and for the long term. Couples
The very first consideration of separating and divorcing parents is about their children. Whether the children’s needs are discussed in front of the judge or perhaps with the assistance of a government agency such as the Office of the Children’s Lawyer the plan developed for each child’s care, moral training, education and other matters will
In Ontario, if there is no domestic contract executed prior to or during the marriage, married spouses who face a breakdown in their relationship will divide the value of their respective family property according to the statutory scheme. An accounting by ownership and value of the property held by each spouse as at the date
Canada’s Divorce Act provides for retroactive spousal support with direction as to calculating duration and quantum of support from the Spousal Support Advisory Guidelines. When spouses, common law or married, separate it commonly provokes a financial or economic crisis. Combined incomes paying for household, family, and personal expenses are now stretched to providing for two
Before cohabitation, open a frank dialogue: If you earn different incomes and hold incomparable assets or expect a large inheritance or wealth transfer, schedule time to discuss economic expectations and opportunities with each other. Learn your legal rights and obligations before the moving date. Due diligence is a two-sided issue: If you hold a greater
“Consider yourself served!” A stranger approaches you, confirms your name, and hands you a stack of papers. You’ve just been served with an Application for Divorce and the supporting documents. Here’s some basic information to help you understand some of the documents. Common features of each Ontario court document: the centre top of the front
Unique to each family: Each member’s needs and desires should be taken into account: running the family business and involving the older children to ensuring younger children have stimulating after school programs and optimum sports involvement to further develop their skillset. Parenting plans are more than mimicking another family’s schedule. Make it wholly relevant to
