Tag: matrimonial home
The home that you occupy as a family, often called the matrimonial home, holds special status as between spouses in Ontario. Both spouses have rights in relation to the matrimonial home, including equal right to possession, disposition and/or encumbrance of the matrimonial home, even if both spouses are not legal owners of the home.
In order to exercise rights in relation to a matrimonial home, often court intervention is necessary; however, you can protect yourself in relation to a matrimonial home in some respects without having to go to court by registering a matrimonial home designation on title.» Read more about: Protect Yourself If You Are Not A Registered Owner Of Your Home » Read more 2 mins read
One of the big issues that people face when they are getting divorced is dividing the marital property. Some people don’t fully understand what is counted as marital property. They might think that their own pay is their own money; however, if it is pay that you earned while you were married, it is a marital asset. Understanding some basic points about marital assets can help you ensure that you are getting a good settlement when the time comes to divide these assets.Read more 2 mins read