Divorce Mediation: What To Expect And How To Prepare
Divorce mediation is a form of dispute resolution in which a mediator assists divorcing couples voluntarily to reach a settlement that is equally suitable to both parties.
Mediators are often lawyers; however, there are other professionals, such as social workers, trained in the area. It is important that the individual is adept at mediation and family law issues so that the final settlement can withstand the scrutiny of the courts. Mediators cannot give legal advice,
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What You Must Know Before You Sign A Prenuptial Agreement In Ontario
Marriages are difficult enough without you having to worry about how your assets will fare should you separate from your spouse. Although it may dampen the bliss that usually precedes a wedding or a new relationship, experts caution in favour of having a prenuptial agreement or, in short, a “prenup”.
While Prenups do not guarantee that marriages will last, they can relieve and limit the uncertainty or acrimony that at times accompany separations and divorces.
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What to do With Life and Health Insurance After Separation or Divorce
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 insuranceOften, spouses purchase life insurance as a financial buffer for loved ones should they prematurely pass.
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How is property divided after Divorce in Ontario?
The division of property after a divorce is often a contentious issue between former spouses, particularly if there is no marriage contract or prenuptial agreement. Expectations sometimes run counter to a spouse’s actual property entitlement, which leads to uncertainty.
What is classified as property?The property, in this case, includes assets, debts accumulated throughout the marriage, joint bank accounts, pensions, real estate and business property.
Ontario family law states that the value of any property or asset acquired during a marriage that is still in existence at the time of divorce must be shared equally between spouses.
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How to Prepare for an Initial Consultation with a Divorce Lawyer
Planning for marriage usually doesn’t involve planning for its demise. However, approximately 38 percent of Canadian marriages end in divorce, with the average marriage today lasting seven years.
If you are going through a divorce, one of the most important steps is finding the right lawyer.
Your first meeting with a divorce lawyer is an extremely important yet stressful event. Many individuals experience a range of emotions while going through a divorce,
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Does Child Support Affect Spousal Support?
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.
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