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Growing Your Separate Ways: 8 Straight Steps to Separating with the Same Intention of Love and Respect You Had When You Got Married  



Did you know?

... According to Statistics Canada's 2011 census, there were more than 64,500 declared same-sex couples in Canada - 0.8 per cent of the total number of couples - and about 33 per cent of those same-sex couples were married. That represents a tripling in the number of married, same-sex unions across the country between 2006 and 2011.


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February 17th, 2017

  


This is coming a little late for 2017, but we thought we would still provide you with these tips on "How to survive Valentine's Day when you just separated", according to the popular website Wikihow:
  1. Realize that Valentine's Day is only made for money 
  2. Remember that you are not alone (60 million people in the world are also single) 
  3. Spend Valentine's Day with a friend or family
  4. Avoid braggers (particularly those who just found love)
  5. Avoid couples
  6. Entertain yourself (it doesn't need to be Valentine's Day for your to treat yourself with a night out!)
C'est un peu tard pour 2017, mais nous voulions quand même vous partager les six trucs du populaire site web Wikihow sur "Comment survivre à la St-Valentin lorsqu'on vient tout juste de se séparer": 
  1. Réalisez que la St-Valentin, c'est surtout une affaire d'argent 
  2. Souvenez-vous du fait que vous n'êtes pas seul (il y a 60 millions de célibataires dans le monde) 
  3. Passez la St-Valentin avec des amis ou en famille 
  4. Évitez les vantards (particulièrement ceux qui viennent tout juste de trouver l'âme sœur) 
  5. Évitez les couples 
  6. Amusez-vous (ça n'a pas à être la St-Valentin pour se payer une belle sortie!)
 

Yours truly,
Julie & Josée

 
 






Divorce and Bankruptcy

Divorce is difficult emotionally, but also financially.  Money is often the cause of a couple's separation and when it is, usually one of the parties (or both) end up with an important debt load which the family's new financial reality cannot always absorb.  The same combined income needs to be reapportioned between two households, and sometimes one of the ex-spouses just can't keep up.  While bankruptcy in these circumstances often seem as the most obvious (and financially beneficial) option, you need to be mindful of the following before you consider this drastic outcome:

  • Bankruptcy is going to end any right you might have had to claim a share of your ex's property.  That right will vest to your Trustee in bankruptcy and any payment received from your ex-spouse (if the Trustee bothers going after him/her) will be distributed among your creditors;
  • An important exception to the above is your ex-spouse's ability (in the event that all necessary - and costly - steps are followed and within the necessary timeline) to perhaps be able to obtain the division of your defined benefits pension plan or retirement savings;
  • Bankruptcy will not reduce your child or spousal support obligations (since that obligation is based on your income, not your assets/debts);
  • If you ran into arrears of child or spousal support, bankruptcy will not wipe those arrears; they will survive your bankruptcy;
 
While in some circumstances bankruptcy (or consumer proposals) is the right choice to make to free up the cash flow that you need to support yourself and your loved ones post-separation, it is important to understand its impacts (both short and long-term) before making a final decision.  Get the professional advice of both a Trustee in Bankruptcy and an experienced family lawyer. 

Julie Audet - ALT Divorce 


One Minute to Lean it!




Can I cancel my life insurance policy when I separate?
 
It is always recommended that you NOT change the beneficiary of your life insurance policy (who is usually your ex-spouse) until you have resolved all financial matters arising from your separation or divorce by way of a separation agreement or court order.  In almost all cases, one or both ex-spouses will have support obligations towards his/her ex-spouse or children after a separation occurs and when that is the case the final settlement inevitably includes an obligation to maintain the other spouse/parent as the beneficiary of some or all of his/her life insurance policy.  Should one of the spouses die before a final settlement is reached, the surviving spouse may have rights against the deceased's estate and those dependents' claims can seriously complicate the due resolution of the deceased's estate. Also, if you cancelled your policy and are now required to get a new one, it may end up costing you more than your previous policy. Better be safe than sorry so wait until all financial issues have been fully canvassed in the final settlement before changing your beneficiaries or, worst, cancelling your life insurance policies.


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