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August 2019 Archives

Spousal support among common divorce surprises

Even in a fairly amicable divorce, surprises and misconceptions can catch people off guard. Those undergoing the divorce mediation process in Alberta should be aware of some of the financial and legal issues that await them, such as the impact of spousal support and the challenges of disconnecting shared accounts. Here are some of the most common surprises for those who end a marriage.

Managing finances during the family law process

A divorce can be challenging in many ways: emotional turmoil, family division, and financial stress to name a few. For the latter issue, it is a good idea to take steps to plan ahead with a rational mindset. Albertans going through the family law process can save themselves from serious financial problems down the road by following some simple but effective tips.

How compensation structure can impact child and spousal support

On the surface, declaring income for a divorce may seem relatively straight-forward. However, it often becomes a matter of far more than just presenting last year's tax return. For Alberta workers who must factor in commission, bonuses or even a job change, estimating and identifying income can become a challenge. It is important to consider how one's compensation structure could affect issues like child support, spousal support and division of assets.

Understanding home ownership and property rights in a divorce

There are many contentious issues that can arise during a divorce. However, when it comes to property rights, the family home is often at the centre of most battles. While some divorcing couples in Alberta choose to simply sell the home and part ways, others may choose to keep it. Deciding who will retain ownership of the home if it is not sold can be tricky business.

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