If you are going through a separation or divorce it can be hard to know where to start. One of the first steps will be the exchange of financial information or “disclosure”, which is required pursuant to Family law legislation. Exchange of financial disclosure ensures that both parties have knowledge of each others’ assets and […]
TO DISCLOSE, OR NOT TO DISCLOSE Read More »
When legally married spouses separate with no reasonable prospect that they will resume cohabitation, the spouse whose net, financial worth is less than the other is likely entitled to an “equalization” payment. An equalization payment is intended to balance and account for the inherent joint responsibilities, whether financial or otherwise, the spouses shared during the
RELATIONSHIP BREAKDOWN – A MARRIED SPOUSE'S RIGHT TO "EQUALIZATION" MONEY – THE BASICS. Read More »
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