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You are here: Home / Archives for family business

Spousal Support: It’s a Two Way Street

March 4, 2014 by admin Leave a Comment

Belinda would boast to her colleagues how proud she was that her spouse didn’t have to work. She earned enough for the family and they lived well. Once the children were in full day school, that song changed. Her family company was bought out and staff redundancy planning was well underway. Belinda’s encouragement of her husband to find full time employment was falling on deaf ears. The chasm between her needing him to find suitable work to help support the family and his feeling entitled to continue to be a stay at home spouse continued to grow. Five years on, Belinda decided to separate.
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Filed Under: Search Engine Marketing Tagged With: Canadian Divorce Act, child management, cohabitation agreements, Collaborative Divorce & Toronto Family Law, compensation package, divorce, domestic work, economic dependency, economic interdependency, family assets and debts, family business, family company, family's well being, financial disclosure, financially self sufficient, full time employment, full time nanny, grandparent, Household maintenance, housekeeper, income splitting arrangements, income stream, independent legal advice, larger custom built home, length of cohabitation, lifestyle, liquid funds, long term relationships, negotiation, non working spouse, post separation changes, potential income, rearing the children, reasonable resolution, responsible resolution, separation agreements, Silver Separation – Grey Divorce, spousal support, standard of living, stay at home spouse, young children

Silver or Grey Separations – Seeking to Reconcile

February 25, 2014 by admin Leave a Comment

There’s no question that older adults after decades of marriage are saying “enough!” The oft reported statistics, locally and internationally, show that this demographic group of Baby Boomers (you know who you are!) have the highest rate of separation and divorce.

While it may be shocking to think of a couple who’s seen as the pillar of the community or the grandparents of the neighbourhood separating, they are just like everyone else. If the relationship is no longer working for either of them, it may be time to move on. Or not?

Is there a subtle new trend underfoot?
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Filed Under: Search Engine Marketing Tagged With: Baby Boomers, bucket list, family business, family counsellor, family law matters, family law office, family specialist, financial planner, grandparents, highest rate of divorce, highest rate of separation, lawyer, living expenses, singlehood, transgressions

Valuations in More Detail – family business, land, matrimonial homes

February 11, 2014 by admin Leave a Comment

Valuations are an important part of resolving property and support issues in a family law matter. Assets subject to being valued include the matrimonial homes, family businesses, hobby farms, and securities held in investment portfolios. An income stream from investments, rental properties, and family business are also common sources from which support obligations are paid.

The relevant family law legislation does not define the term ‘value’. Courts have relied, in most cases, on the definition of fair market value of an asset.
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Filed Under: Search Engine Marketing Tagged With: agricultural properties, asset, at arm's length, business valuations, Calculation Report, calculations, Canadian dollars, Canadian Institute of Chartered Business Valuators, child support, close of business, commercial leases, Comprehensive Valuation Report, counsel, debt instruments, entitlements, fair market value, familiy law matter, family business, family businesses, family law legislation, family law valuatons, heritage designations, highest price, hobby farms, hypothetical market, income stream, industrialized areas, investment portfolios, land ownership, lawyers, liquidation, litigation process, market research, matrimonial homes, open market, processing facilities, production cycles, production facilities, quota systems, rental properties, rural properties, scope of work, spousal support, spouses, support issues, technical expertise, terms of engagement, urban centres, urban residential, valuation date, valuation report, valuations, valuator

A Family Law Lawyer’s Wish List

February 4, 2014 by admin Leave a Comment

Have you ever been on a crowded bus or tram and witnessed a disturbance? Did you feel for the victim? Or were you encouraged by the actions of the tormenter? Feeling uncomfortable as a witness unable to leave the situation until the doors opened at the next stop?

Imagine how many extra layers of feelings, alliances, emotions, and other distractions are clouding your focus which held your undivided attention before the disturbance began. Did you forget your train of thought? For how long were you engaged in the distraction from what you were doing?
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Filed Under: Search Engine Marketing Tagged With: alliances, children, collaborative approach, communication plan, confidential email, consensual agreement, divorced parents, family business, family law lawyer, family law lawyer toronto, family law negotiation, future, invest for the future, legal proceeding, manifestation, negotiation process, orderly pace, parents, perceived deadline, power of an apology, reconciliation, reduce tension, relationship, schedule this discussion, unrealistic expectations, work histories

Financial Division of Assets & Spousal / Child Support

January 14, 2014 by admin Leave a Comment

Today’s family law negotiations are all about the numbers. The value of assets, the amount of support, and the cost of living. The numbers tell who will receive how much, directs us to consider tax considerations, and the timing of the payments.
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Filed Under: Search Engine Marketing Tagged With: affidavit, annual tax statement, Canadian currency equivalency, cash flow statement, cohabitation agreement, company accountant, cost of disposition, credit card statement, educational expenses, educational savings accounts, employment incomes, family business, family law lawyer toronto, family law negotiations, family trust, financial disclosure, financial officers, financial statement, financial support, health costs, health plan, income tax returns, independent chartered business valuator, Loan guarantees, luxurious lifestyle, marriage, marriage contract, monthly household expenses, Notices of Assessment, Notices of Reassessment, pay stubs, reasonable value, Revenue Canada, sales agent, sales commission, separation agreement, standard of living, tax considerations, tax credits, vesting provisions, written agreement

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