A married couple is meant to love each other for better or worse, as per their wedding vows. However, a marriage is only as good as the effort both parties put in, and there are times when it just doesn’t work out, leading to divorce or separation. This creates a new problem because finances come…
Dividing up assets and property can be complex, made even more so by tax implications. In Canada, there are a few things to keep in mind when it comes to divorce and separation regarding taxes. Split Your Family Assets This means that you should consider the taxes you will have to pay on the assets…
When your separation agreement defines how your property will be divided with your husband, you need an Alberta lawyer to provide you with unbiased legal advice. The Family Property Act, RSA 2000, Sections 37 and 38, and amendments to that, provide the formal requirements for a legally binding agreement. Each spouse shall obtain independent legal…
In Canada, there are ways for an individual to protect their inheritance in the event they get divorced or separated. However, the rules can be very different depending on whether the estate is received before, during, or after marriage. Read this article to learn about the steps you can take. Legal Advice in Receiving an…
If you are living in with your partner in Alberta, even if you remain unmarried, there are certain rights and duties that you need to fulfill. That is why separating from your partner whom you have been living in the same household with is a little more complex than just packing up your bags to…
You may be considered separated by family law even if you live in the same household. However, the income tax act says that you are only considered separated if you start living separately and apart from your spouse or common-law partner due to relationship difficulties. If your relationship is on the rocks, this blog post…
Going through a separation or divorce is a difficult process. It can cause significant psychological and financial burdens for you and your family. Thus, making sure you are emotionally and legally prepared for a divorce can help lessen the emotional pain and guarantee that your rights are respected. Preparation is essential if you believe your…
If you received an inheritance from a loved one, it was intended for you, not your spouse. If you are not careful with your inheritance, you may be forced to share it with your spouse if you separate or have an Alberta divorce. Getting an Inheritance while Married Because every scenario is different, you should…
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,…
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