Transitions in our personal lives signal a new journey tumbling with emotion, stress, and at times overwhelming our daily lives. Families aren’t predictable. Alliances are dynamic and change over time. Emotional responses interrupt our brain’s natural ability to think clearly, analyze data, and make plans appropriate to the situation. Some of that emotional stress interrupts
If you recently celebrated your engagement over the holidays, the topic of finances may have quickly surfaced in discussions with your partner, from paying for the wedding to the price of real estate to whether a prenuptial agreement should be in place before the wedding day. The conversation about an orderly distribution of assets and
Independent Legal Advice: You have an inalienable legal right to seek to independent legal advice from a lawyer of your choice before you sign a prenup, marriage contract or separation agreement. If the person telling you that you don’t need a lawyer, don’t sign the document. Free will and the ability to understand the proceeding:
The wedding is in weeks and the marriage contract needs to be concluded. A copy of the signed separation agreement identifying the size of your equalization payment is needed by the financing institution to qualify for the mortgage for your new home. Whether you are negotiating a prenup agreement, marriage contract, or separation agreement, you
If the invitations are being printed and table seating arrangements are being finalized, you would have already taken steps securing your personal and corporate wealth prior to your wedding. Not yet? It’s not too late if you start the process right now. Structure and Function Presenting a completed agreement at the height of wedding preparations
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 an inheritance.
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 were used by the family were family assets. He had a group of
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
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
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
One of my best friends, Jim, is facing what he sees 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 of.
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