The Alberta Court of Appeal has confirmed the Court’s jurisdiction to prevent a corporation from disposing of property during a family dispute. While a corporation is an independent legal entity, a preservation may be ordered if the corporation is not operating at arm’s length from one of the spouses involved in the family dispute. The… Continue Reading »
A complex divorce, or high net worth divorces, deals with family businesses, professional practices, large estates and valuation issues. These cases have multiple layers, interconnected issues and more challenges for both spouses. Tax consequences are important considerations in these types of situations and play a large role in solving the complex divorce. Complex & High… Continue Reading »
Credits to the Canada Pension Plan are earned by anyone over the age of 18 who works and earns more than $3,500.00 per year. Credits are matched by your employer. Your CPP credits provide you with retirement income, and potentially disability benefits and death benefits. CPP credits are considered sharable family property under Provincial legislation. […]
One consequence of separating is the need to purchase a new home. Buying a new home is exciting, represents the start of a new part of the purchaser’s life, and is often symbolic of the process of moving on and healing. Like all things, though, you need to consider the timing of such a purchase. […]
Joint Tenancy vs. Tenants in Common Both are ways to own property with another person. What’s the difference? There are three main differences: 1. Right of Survivorship. When one owner predeceases the other, the survivor owns 100% of the property. This means that the property does not fall into the estate of the deceased owner, […]
