What Happens to a Shared Business During a Divorce?
When a couple decides to end their marriage in divorce, one of the many issues they must think about is the division of assets. While spouses can usually find a middle ground when it comes to assets such as vehicles and the family home, other assets can be more difficult to share. The matter of sharing assets can become complex in situations such as when both spouses have an ownership stake in a business.
If you are wondering how you can go about dividing a shared business,
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The Importance of Family Counselling During a Divorce
Divorce can, in many ways, feel like a loss comparable to the death of a loved one. As with any other loss, you may go through the stages of grief as you process your divorce.
At first, you may find it hard to accept that your marriage is over, and you may think you and your spouse will get back together. As denial slowly fades, you may then feel sadness and uncertainty about your future.
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What Are Your Rights at the End of a Common-Law Union in Ontario?
In Ontario, a relationship is recognized as a common-law union when a couple has lived together in a conjugal relationship for at least three years. If this couple has children together, either by birth or adoption, the relationship will be recognized as a common-law union after the couple has lived together for one year.
Many couples nowadays opt not to get married as they believe there are no real differences between a marriage and a common-law union.
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Things You Should Not Do During a Divorce
Divorce can upend your life and may leave you in a vulnerable emotional state. As you deal with your emotions, it can be hard to remain objective, which may lead you to make mistakes that could make your divorce more stressful. If you want your divorce to be resolved quickly with as little complications as possible, here are some things you should keep in mind:
1. Never hide assetsMany spouses try to lower their partner’s divorce settlement or alimony payments by under-reporting income or hiding assets.
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How to Have an Amicable Divorce
While resentment and hostility may come to mind when you think of a divorce, many couples have managed to have amicable dissolutions of their marriages. Having an amicable divorce does not mean that a couple must agree on everything, but it means they handle their differences in a respectful manner.
If you too want your divorce to be amicable, here are some tips that might help:
Leave the past in the pastIf you decide to move on from your marriage through divorce,
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Common Mistakes Parents Make When Going Through a Divorce
Divorce is tough for all those involved, but it can be especially difficult for children. After a divorce, parents may notice changes in their children, such as plummeting grades, loss of interest in activities they once enjoyed, distancing from friends and behavioural problems. A child’s response to a divorce may be influenced by his or her age, maturity and personality, as well as the way the parents handle the situation.
If you want to limit the adverse effects your divorce has on your children,
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