Business Owners and Separation

Business Owners and Separation

As a business owner, there are several important things to consider as you go through your separation.  In this post, University of Ottawa law student, Xinya Wang, reviews some of the considerations, including sharing the value of your business, paying support, and imputing income.

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News Release: Tax Season Brings Added Stress to Divorce Process

News Release: Tax Season Brings Added Stress to Divorce Process

“Building a stable financial future in the wake of a separation is not a simple process but is extremely important,” added Jeffcott. “Inevitably, questions will arise on how a divorce will impact the assets that have been built up over the course of a relationship and it’s very useful to have a professional on hand to answer the difficult questions right at the outset.”

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News Release: New Year Sees Upsurge in Divorce Filings

News Release: New Year Sees Upsurge in Divorce Filings

There is a proven surge in online searches for divorce advice after every major holiday in North America.  “Many individuals find the stress of the holiday season can sometimes lead couples to consider separation,” said James Jeffcott, President of Collaborative Practice Ottawa. “During this sensitive time it is important that families focus on a separation method which leaves the least negative impact on all parties involved.”

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News Release: Changing the Dialogue of Divorce

News Release: Changing the Dialogue of Divorce

Today, Collaborative Practice Ottawa is providing advice on proactive steps a couple can take to protect their families and assets while going through a divorce.  Collaborative Practice Ottawa is a coalition of lawyers, financial professionals and family relations counselors who work together with couples to bring a respectful, balanced and equitable conclusion to their relationship without resorting to the court system.

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Sharing Holidays After Separation

Sharing Holidays After Separation

If you are separated with children, you likely have a parenting schedule that states where your children will live and when.  They may spend equal time with both parents, or the majority of their time with one parent.  Regardless of what the regular schedule is, most parents make an exception for holidays such as the school Christmas break as it is a special time of year with fewer obligations and more time to relax.  This may be set out in your Separation Agreement, or you may still need to reach an agreement.

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Your Collaborative Law Team: Mortgage Brokers

Your Collaborative Law Team: Mortgage Brokers

After a separation, you may need to refinance your home or perhaps you are looking into purchasing a new home.  Unlike some homebuyers, you may be faced with additional financial obligations such as spousal support, child support or an equalization payment.  In the ever-changing world of mortgages a mortgage agent can help find answers and solutions to your unique mortgage situation.

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