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It's common for the marital property being divided in a divorce to include assets such as stocks, bank accounts, pensions, RRSPs or bonds. However, in some cases, one or both spouses may own a business and that business would also need to be divided.
When you think of older couples and long-term marriages, you probably envision a lifestyle where they take trips together or just settle down and enjoy each other's company. Unfortunately, this picture is changing, and some married couples in Canada who are 55 and older are ending both long-term marriages and second marriages. This new influx of couples parting ways in postretirement years has become known as "grey divorce."
Do You Have Questions About the Alberta Family Property Act? The updated Alberta Family Property Act provides a path to a separation that is much more similar to the standard divorce process.
Yes, you can get a divorce if your spouse is contesting, but the process of finalizing the divorce will be more difficult. Arrangements need to be agreed upon for child custody, access and child support if you have children. You will be required to apply for a court order that says your divorce can be finalized even if your spouse does not agree.
Marital assets are handled in a very specific way by the courts in Alberta. Take a moment to become familiar with some of the basics of how assets are divided when going through a separation or divorce. Of course, it is so important to seek the help of an Edmonton lawyer specializing in family law. Know that Capital City Law is here to answer all your questions.
Typically, a child won't be involved in making decisions on which parent to live with. A child may have a voice, but the final decision will generally need to be made by adults. Each situation is unique and involves many factors.
If you're making child support payments and become unemployed, your new payment amount will be based on your "Guideline Income," which is usually line 150, Total Income, on your yearly tax returns. Continue reading to learn more.
Would you like to move away from the concept of fighting in court and toward the idea of working together to reach a peaceful agreement? There are some resources available if you would like to avoid court and pursue another avenue. In fact, there are five main options for couples looking to keep a divorce outside of the courtroom.
It’s an emotional and stressful time when you are working with a divorce lawyer in a divorce or separation. Here are some tips you can follow to minimize the impact of divorce on your children.