In all cases, honesty is the best policy. However, there are some times when it may appear as if a lie of omission might actually be the better way to proceed. For example, a person going through a divorce may feel compelled to withhold some of his or her assets in order to ensure a more secure financial outlook. Is this a viable option in Ontario?
Sometimes a marriage loses steam and two people choose to end their time together. In doing so, however, it may be that neither party really understands what life apart will be like. The financial implications of divorce, in particular, catch many men and women off guard. Perhaps by following a few of the following tips, others may be able to stave off financial misfortune.
The holidays in Ontario are traditionally a time for family gatherings and joyous reunions. For men and women unhappy in their marriages, however, they can be upsetting and stressful days. Some may even find themselves thinking about divorce. Experts agree, they're not alone.
When two people choose to end a marriage, they have begun what can be a very long process. Even couples without children have many details that need to be settled during the divorce. For example, everything accumulated during the relationship needs to be divided between the two parties, from homes and cars all the way down to knick-knacks and cutlery. And for some people, difficult decisions must be made about pets; one judge from west of Ontario is recommending they be made outside the courtroom.
The decision to end a marriage often comes after a long period of deliberation. To many, a divorce may seem like the only way to feel happy again. For divorcing parents, however, it is equally important to consider the feelings of the child or children, for they are also involved. A recently published study suggests ways in which parents in Ontario and elsewhere can support their children after a separation.
Statistics Canada reports that the average married Canadian has about a 40 per cent chance of ending up divorcedd. As it happens, the number one day for divorce, the first Monday of the new year, is rapidly approaching. With that in mind, it may be good to review some financial tips for residents of Oshawa who may be heading toward a separation.
In an ideal world, when a husband and wife choose to separate, they will do so via moderation, or some form of alternative dispute resolution, for a peaceful and civil dissolution of the union. Unfortunately, that is not always the case, especially if the divorce is the result of one partner's unacceptable behaviour. For some, it may come as a surprise to learn that this behaviour is not likely to change the financial details of a litigated separation in Ontario.
When men and women with children separate, their concerns for their families are often restricted to themselves and their children. However, extended family can sometimes be just as important, though they are often left out of considerations. A group of Ontario grandparents is seeking to change the opportunities for their inclusion in divorce and custody proceedings.
There are many reasons why couples sometimes end up separating. Perhaps the most common factor, however, is money. Financial issues can cause a lot of strain on a marriage, and they are one of the top reasons for getting a divorce. Unfortunately, money troubles do not end when a pair decides to split; there are many fiscal choices to be made during a divorce, including some that people rarely consider.
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.