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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

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

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