In our prior blog post, we discussed how the marital home is one of the biggest considerations when a couple is going through a divorce. There are many different considerations that the couple has to consider when they are dividing up their assets and debts. These include the value of the assets and the cost of the debts. It can also include how the value of assets changed from the date of the marriage to the date of the separation.
The property division process is a contentious one that can make divorce a very difficult experience. One of the assets that some couples often have to decide what to do with is the marital home. This is often the largest asset the couple has. Deciding what to do with the home is something that takes a lot of thought.
It can be difficult to focus on the long-term when you're in the middle of a divorce. However, living too much in the moment and letting your emotions take over can lead to poor decisions. Here are three of the most common divorce regrets and how to avoid having them.
The accounting firm KPMG remains in hot water as it is believed that the company promoted an offshore Isle of Man tax avoidance scheme as a means for clients to hide money from ex-spouses during the divorce process.
The former CEO of the Toronto Symphony Orchestra has found himself in a messy split, with him accusing his estranged wife of running a smear campaign.
Did you marry somebody on a whim? Are you beginning to regret your decision? Have you come to the conclusion that you want to move on without this other person in your life?
If you go through a divorce, there may come a time when you realize that you need to pay spousal support. Of course, you could find yourself on the other side of the equation. You could be the person who is owed support.
There are plenty of things that divorce in Ottowa can do for you, such as get you out of a relationship that is not working. Conversely, there are things that this cannot do for you.
When Ontario couples divorce, the largest single asset that they need to deal with in their settlement is usually their home. Despite the range of negative emotions that many estranged couples have about each other, it's important to be able to make smart decisions, often together, about what to do with the family home.
If you are contemplating filing for divorce, it's likely your head is swimming with the decisions you will need to make. While no two divorces are alike, there are definite common threads to all of them, such as the following: