Life and health insurance are matters that are frequently overlooked in a divorce or common-law separation. Greater emphasis is placed on child custody and child support, spousal support, property division and adjusting to being single again. Yet, life and health insurance are important financial considerations that must be addressed in the divorce process.Life insurance
Often, spouses purchase life insurance as a financial buffer for loved ones should they prematurely pass.» Read more about: What to do With Life and Health Insurance After Separation or Divorce » Read more 7 mins read
Child custody is one of the most important decisions in a divorce or common-law separation. Besides establishing parental responsibilities, it sets the tone for how well a child re-adjusts after his or her family situation has changed. Most families can amicably settle on child custody arrangements, for others, it’s a matter for the courts to decide.
Court cases are complicated enough, as judges must decide on the best custodial circumstances for the child.» Read more about: The Impact of Domestic Violence on Child Custody Cases » Read more 7 mins read
Child support and spousal support are financial obligations that outlast the term of a marriage or common-law union. In divorces or separations that include children, child and spousal support are inextricably linked.What is Spousal Support?
Spousal support or alimony is money paid by one spouse to another after a divorce or separation, per an agreement or court order. It is usually paid monthly, but can also be paid as a lump sum.» Read more about: Does Child Support Affect Spousal Support? » Read more 8 mins read
Once you and your former spouse have agreed on where your child or children will live and how they will be cared for after a divorce, you will need to determine child support. Child support is paid by the parent that spends the least amount of time with the child to the one who cares for the child most of the time.
The Family Law Act of Ontario states that every parent is legally obligated to provide support for their dependent children.» Read more about: Child Support for School Expenses » Read more 5 mins read
You have heard it repeated time and again; if you are planning on getting a divorce, you should consult a divorce lawyer. But what do divorce lawyers do and why should you hire one?A divorce lawyer will lessen the stress of divorce
A divorce is one of the most stressful situations one may experience. There are many things to contemplate, and dealing with the breakdown of a marriage may have devastating emotional effects.» Read more about: What do lawyers do in a divorce? » Read more 7 mins read
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,» Read more about: Common Mistakes Parents Make When Going Through a Divorce » Read more 7 mins read