Some research suggests that money is a primary factor in more than half the divorces in Canada. Therefore, it is important that you carefully consider how you and your spouse will handle your financial matters.
When it comes to marriage finances, there are different schools of thought on how accounts should be held. Some believe that husbands and wives should pool all their finances while others think they should maintain separate accounts. If you are contemplating how to handle finances in your marriage,» Read more about: Reasons to Keep Money Separate From Your Spouse » Read more 7 mins read
One of the biggest concerns for parents going through a divorce is how their children will cope with the situation. If that is one of your concerns, here are some things you do to help your children through your divorce:Inform the children of the divorce
Once you are certain that you will be getting a divorce, you and spouse should both sit down with your children and inform them of your plans.» Read more about: Helping Your Children Through Divorce » Read more 7 mins read
Are you going through a divorce in which children are involved? Then, you may be wondering if you will have to pay child support or if you are entitled to these payments. You may also be wondering whether such support will affect your taxes. If so, here’s what you should know if you need child support lawyer:Who is entitled to child support payments after a divorce?
Under the law, parents are financially responsible for dependent children.» Read more about: Does Child Support Affect Your Taxes? » Read more 9 mins read
If you and your spouse have decided to end your marriage in divorce, one way you can reach your divorce settlement agreement is through mediation. With the help of mediation, you may come to an amicable dissolution in your marriage and avoid going to court. A successful mediation can save you time and money in legal fees.
If you are considering mediation, here are some things you should do:Agree to mediation with your spouse
In most situations,» Read more about: 5 Tips For Successful Divorce Mediation » Read more 6 mins read
In “shared custody” situations or where a child resides with each parent at least forty percent of the time, there could be a set off of child support. This means that the Table amount of child support is calculated for each parent based on his or her income for support purposes, and the resulting child support is the difference between these two figures.
Historically, Separation Agreements and court orders were drafted so that in these situations it is just the net amount that is paid from the parent with the higher child support obligation to the other parent.» Read more about: Set Off Child Support and Tax Deductions » Read more 3 mins read
Every so often, we receive inquiries from prospective parents inquiring as to their potential child support obligations, particularly if their relations with a third party resulted in an unwanted pregnancy.
The short answer is that if you are the parent, you are required to financially support your child. Regardless of the circumstances surrounding a natural and unplanned conception, if paternity is established, the father is obligated to pay child support.» Read more about: Child Support: A Must? » Read more 1 min read