No other distress compares to the kind divorce afflicts to those involved. It is a complex process because it affects multiple parties and feelings—emotions are strained, people are usually in pain, and many are grieving the loss of their relationships. Many children get caught up as their parents battle with one another to acquire legal…
There are many reasons for wanting to end alimony, but most spousal support agreements feature expiration dates or particular occurrences that will bring the agreement to an end. Until then, they must be continuously monitored. Non-compliance with orders does not sit well with the Alberta courts, and they are adamant about not making modifications that…
Preparing for divorce is never easy. Regardless of whether you and your spouse have been married for decades or are just starting off as a couple, the divorce process can be overwhelming. So how do you go about preparing for divorce in Alberta? Know What to Do First The first thing to do to prepare…
When separating from a significant other, there’s usually that notion of having zero communication. However, it’s a little different from ending a marriage with your spouse, as there are a couple of legalities and financial items that you need to smooth over first before calling it quits. It can be difficult to communicate with your…
You may reach a point where you and your partner are unable to resolve disputes on your own. When that happens, divorce may be the only answer. If you and your partner break up, you will need to divide your assets in accordance with the applicable laws constituting your province. If you own a business,…
Most of us intend to coast in our golden years. If you unexpectedly find yourself divorced, you may find yourself living on less than you thought during years when you make less money. You may be required to re-enter the workplace or work for longer than anticipated. These are the reasons why financial planning is…
Going through a divorce typically means handling many issues and smoothing out arrangements for a peaceful separation. Some of the things that would have to be discussed with your former spouse involve setting up child custody, child support, living agreements, division of assets and more. While many of those will typically affect your finances, one…
A divorce or separation can be acrimonious and difficult for family members. If you have young children, it can be exceptionally stressful and upsetting for them too. The divorce process can be long and drawn out, especially if couples cannot settle their differences amicably. And when it comes to the division of assets, such as…
If you get divorced in your 50s, there are some financial considerations that come into play because you may be losing more when it comes to the division of savings, investments, and the overall value of your assets. When married couples divorce, their property is usually divided between them. The rules vary slightly depending on…
Going through a divorce can bring about several changes. There could be physical, mental and emotional shifts during this time of separation, especially if you’ve been with your spouse for a long time. Another evident alteration that you would have to go through after married life would have to be finance-related. As you change your…
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