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Posts tagged "division of property"

Interim Distribution of Matrimonial Property

Breaking up is expensive, particularly when parties resort to litigation. It is not uncommon for large disparities in parties' financial means to frustrate the division of matrimonial property. For example, one party may initiate proceedings and be ready to move the matter forward while the other party does not have the finances to advance his or her side of the litigation.

The end of a marriage need not be the end of a business

There are many family run businesses in Calgary, often with both spouses playing a crucial role in operations.  But with an increasing number of divorces in Alberta those businesses may be at risk. Divorce is often an emotionally difficult time and many couples operating family businesses assume divorce will automatically bring the business to an end.  This isn't necessarily true. Many couples are able to separate their personal lives from their business lives enough to continue to work with a former spouse, particularly if that business generates income for both parties.

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