When married couples separate in Ontario, they don't just have to separate their lives. They have to separate their finances. One of the main reasons people see Ontario Divorce Lawyers is to help figure out how to divide up their assets and liabilities after they separate.
This is episode of the Family Law Podcast discusses how property is divided in Ontario after a marriage. Many people think that spouses own each other’s assets. They do not. Family lawyers know that separated married spouses only get to share in some of the value of each other’s assets in the “property equalization” process, which can be voluntary process. In addition, not all assets and debts are shared. Some are kept out of the calculation. This podcast tells you what is in and what is out. It also describes some common pitfalls where people unnecessarily lose lots of money to a spouse, and it gives tips on how to protect your assets. Everyone who is going through a separation should listen to this podcast to know their property rights, how to protect them. Even if you are no in family court, you need to know whether you are making a good deal.
The Ontario Family Law Podcast is a companion to the book, Guide to the Basics of Ontario Family Law, which is available as a $9.99 eBook for Amazon Kindle and Kobo and as an iBook for iPad, iPhone and Mac or a paperback for from Amazon and other fine book sellers. The Guide is an easy-to-understand explanation of the basics of all aspects of Ontario Family Law, from a description of Family Court and the other ways to resolve family law matters, to a description of the most important family law topics, to tips on how to avoid common mistakes and succeed after separation.
If you would like more assistance with your separation of divorce, contact Certified Specialist in Family Law, John Schuman, by calling 416-446-5847, emailing him, or using the contact form below. You can also use the contact form to comment on this page.
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