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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6 mins read

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 past

If you decide to move on from your marriage through divorce,

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5 mins read

Seven Things to Remember When Managing Your Finances During a Divorce

Stress can affect a person’s ability to think clearly, and one of the most stressful circumstances some will ever experience is a divorce. If you are in the process of filing for a divorce, although it may be challenging, it is crucial that you put emotions aside to focus on important matters such as your financial affairs.

Here are some things you should do to ensure you make wise financial decisions when going through a divorce:

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6 mins read

How is Debt Shared in a Divorce?

Money problems are one of the top five causes of divorce in Canada. It is no surprise then that financial matters are also often a cause of contention in a divorce. If you are going through a divorce, you may be wondering how the debt you accumulated during the marriage will be shared or if you will be left carrying your spouse’s debt.

Here are some things you should consider:

Joint debt vs individual debt

In a marriage,

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6 mins read

Differentiating a Common-Law Union From Marriage in Family Law

In the past, marriage was the most popular option for couples who intended to spend their lives with each other. Nowadays, other arrangements are becoming more and more common. One alternative that many couples choose is a common-law union. There are many similarities between a common-law union and a marriage. However, a marriage and a common-law relationship are recognized in different ways by family law in Toronto when deciding certain matters. If your relationship is thriving,

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5 mins read

Who Gets Custody of a Pet After Divorce?

In Canada, pets are considered property under the law. Therefore, although pet custody is a popular expression, the legal term is pet ownership. However, in most households, pets are viewed as part of the family. They may even be affected by a divorce. While a pet cannot express their feelings, being forced to separate from any of their family members can leave your pets with separation anxiety and depression.

If you and your spouse are going through a divorce,

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5 mins read

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