The Globe and Mail on division of Registered Retirement Savings Plans following the breakdown of a marriage: While family law across Canada calls for a 50-50 split of matrimonial property, couples don’t necessarily need to split each asset right down the middle. And many don’t, says Ms. Linden, choosing instead to allocate certain types of … Continue reading Who gets the RRSPs?
Via @MarlaGilsig, 21 signs that your husband may be hiding assets. (Not listed: "his name is Dennis Rodman.")
This week, the Supreme Court of Canada will revisit the issue of whether common-law spouses are presumptively entitled to an equal division of family property: They’re known as “de facto spouses.” Partners in a paperless marriage. Or, in this case, plain old Eric and Lola. But there’s almost nothing ordinary about the tale of a … Continue reading Eric, Lola, and division of property
Mindelle Jacobs of the Edmonton Sun, on the importance of sharing financial information: Marie got the shock of her life at a routine mortgage renewal meeting, when her husband told the bank manager he'd racked up $22,000 in credit card debt. "I had no idea," recalls Marie (not her real name). "I would never have … Continue reading Family finances shouldn’t be a secret
It's one of the most enduring urban legends in music history: that a family court Judge ordered Marvin Gaye to pay his ex-wife all the royalties from his next album, so he deliberately recorded a stinker that no one would buy. The truth, according to Snopes.com, is more complicated (and much more interesting): By the … Continue reading The legend of “Here, My Dear”
Kobe Bryant's wife has filed for divorce, and under California law, she will be entitled to half of the millions Bryant has earned playing basketball unless he had a prenuptual agreement or marriage contract oh hey guess what? Kobe Bryant's wife has filed for divorce ... TMZ has learned. Vanessa Bryant filed legal docs Friday afternoon, … Continue reading What part of “get a prenup” didn’t he understand?
The breakdown of a long marriage is especially heartbreaking, but it's no longer uncommon. This Canadian Press article contains some good advice for older Canadians who are separating. (Well, except for the recommendation that couples who get along "try to divorce without a lawyer to save money." If you think paying a lawyer is expensive … Continue reading When seniors separate
In Nova Scotia, divorcing individuals are automatically entitled to an equal division of matrimonial property (and debts), with a few recognized exceptions such as business assets and gifts. For those emerging from a common-law relationship, however, it's not that simple. If you seek a share of your former partner's property, you must establish your entitlement … Continue reading “Unjust enrichment” and common-law relationships