It is often said that there are very few guarantees in life. Our lives are in flux and so too are our relationships over time. In family law, when those common law or marital relationships breakdown, the legal issue of entitlement to spousal support may come into play. Once entitlement has been demonstrated and the
Being a party to a separation agreement may require you to secure a child or spousal support obligation in a manner which is reliable and enforceable in the event that one former spouse predeceases the other before the support obligation terminates. There are a number of options to fund a contractual support obligation. Two common
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.
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
Sam was angry. He and his spouse were separating over the refusal by Ali to become fully employed. Sam’s years of gentle encouragement that his spouse gets a full time job quickly morphed to strong demands to downright yelling matches. Nothing changed. No job hunting. No interviews. No work. Sam didn’t want to break up
Belinda would boast to her colleagues how proud she was that her spouse didn’t have to work. She earned enough for the family and they lived well. Once the children were in full day school, that song changed. Her family company was bought out and staff redundancy planning was well underway. Belinda’s encouragement of her
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