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When the higher value party is determined via the Net Family Property calculation, they will often be required to pay the difference in value to the other spouse, evenly dividing the value gained through the course of the marriage. The amount that must be paid is known as the "equalization payment." The rationale behind this is to ensure that both parties share in the financial gains made during...

When you’re in a common law relationship that is coming to an end, and you’re concerned about the division of assets, contact the family lawyers and civil lawyers in Toronto and Ontario and Karrass Law. Common law division of assets follows different legal requirements than a legal marriage, so if you and your partner are having disputes or disagreements about asset division, contact our team...

When you are splitting up with a spouse, much of the conversation around the divorce is centred around how financial assets are split. Marital properties, income, investments, businesses and more all need to be divided fairly in alignment with Ontario law. Another factor that should be considered in regard to the complex division of assets is debts.

Beyond the emotional heaviness of the situation and the social implications, divorce can be particularly challenging financially for spouses navigating the division of complex assets in Ontario. In most cases, assets are split evenly in the event of a divorce in Ontario. Still, there are certain situations where business partners, family members, or co-signers—might have legitimate claims that...

When it comes to divorce or separation, understanding the timelines and processes involved in the division of assets is crucial. When filing claims for equalization in the midst of a separation divorce, the already stressful and emotionally charged situation can become incredibly complex, especially when hidden assets, matrimonial homes, and other complicated financial elements are factored into...

In Ontario, the division of assets for married spouses is governed by the Family Law Act. The goal is to ensure a fair distribution of property acquired during the marriage. The process involves calculating each spouse's Net Family Property (NFP), which is the spouse with the higher NFP typically paying an equalization payment to the other spouse, ensuring both leave the marriage with an equitable...

When you run a family business, it often requires all hands on deck, especially between two spouses, and accounts for your income as a unit. When you approach divorce, a family business will typically complicate the division of assets. To ensure accuracy in your asset division, book a legal consultation with a family lawyer at Karrass Law.

When you enter into a divorce, it’s important that you consider how the division of assets will affect you financially. Many people don’t realize that they are facing a complex division of assets until they finally decide to separate or file for divorce. Working with one of the best family lawyers and civil litigation lawyers will help you protect your assets to ensure that you leave a...

When you're facing divorce, navigate the situation and take actions that protect your best interests by booking a consultation with a team of civil litigation lawyers who specialize in family law. Our award-winning lawyers and experienced team are dedicated to providing you with the highest level of representation so you can protect what's rightfully yours. Read on!

When family law gets complicated, trust the experts at Karrass Law. If you're at a point of separation and need help navigating or overcoming the terms of your prenup, trust the experts at Karrass Law. Our family lawyers and civil litigation lawyers specialize in complex asset divisions and can provide you with tailored legal advice and zealous representation.