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Financial Issues

High net worth spouses and divorce – The Lawyer’s Daily

This article was originally published by The Lawyer’s Daily (www.thelawyersdaily.ca), part of LexisNexis Canada Inc. This article covers some of the legal issues facing families that enjoy a high net worth. More specifically, how gifts and inheritances are treated in…

Financial advisors should work with divorce mediators to help clients – Interview By Wealth Professional

Marital breakdowns may have spiked during the first year of the pandemic, and returned to more normal levels, but many struggling couples may be dealing with family mediators now as they try to settle their living arrangements before their children return…

Who gets the cottage when couples divorce?

When the leading ladies of Netflix’s hit sitcom Grace & Frankie (portrayed by Jane Fonda and Lily Tomlin) found out their husbands had been romantically involved for the past 20 years, they decided to pack their bags and move into the gorgeous…

How advisors can help divorce proceedings start on the right foot – Interview By Wealth Professional

There is ultra-high net worth – and then there’s the other universe the likes of Elon Musk, Jeff Bezos and Bill Gates operate in. Domestically speaking, this world was rocked recently when Gates, who is worth about $128.3 billion, announced he was to divorce Melinda,…

As COVID-19 weighs on marriages, what should business owners know?

With business closures, quarantines, and household isolation measures continuing throughout Canada and around the world, many couples forced into a common domestic situation for an extended period are finding their relationships tested. Family law experts predict an uptick in divorce…

Property possession and gifts when separating

With sky-high rents and home ownership out of reach for many young Canadians, more couples are moving into properties with the help of their parents’ money, or even back into their childhood home. But not understanding the legal implications in case of a separation can lead to problems, considering that nearly four in 10 marriages will end in divorce. And while the number of young adults (18-34) who are getting married is on the decline, 58 per cent of Canadians in common-law relationships say that, despite the law being otherwise, assets should be divided equally when the relationship ends, according to a recent Angus Reid poll.

How to protect homes in the event of divorce – Boutet in Rep Mag

This is how to avoid legal pitfalls when couples move into properties with the help of their parents’ money. Read the full article on Rep Mag

How divorces affect mortgages – Boutet on Mortgage Broker News

In the event of divorce, complications arise when it comes to dividing assets like homes and determining who keeps making mortgage payments. Read the full article on Mortgage Broker News

How high net worth women are risking their future finances

Leaving important long-term planning and investment decisions to a spouse can end up being a potentially costly decision. Here are three reasons why. I recently came across research that revealed women worldwide are leaving long-term financial planning to their husbands,…

What if You were Married to Paul Manafort?

How does the Ontario Family Law Act protect people from debts incurred though crime during a divorce? Read on to find out. What are the effects of debts incurred through crime during a divorce? We analyze this through the case…

Trial separations and real estate – Boutet in Real Estate Magazine Online

Many couples who are thinking of separating are unclear about how family law determines division of the family property – including cottages and rental property. Once someone decides to move out of the matrimonial home and live in a different…

How Advisors Can Support Healthier Divorces – Boutet on Advisor.ca

There’s no doubt financial advisors play an important role for families that are going through a separation. In fact, it is now common for family lawyers to suggest their clients work with a financial advisor during the legal process. A…

What happens to insurance policies after separation? – Boutet on Advisor.ca

A common way to secure an ongoing financial obligation after divorce is through life insurance. The death benefit is typically based on the amount and duration of the support obligation, which does not have to equal the entire value of…

Buying a House with a Spouse: Common Pitfalls to Avoid – Nathalie Boutet on CFRA Radio

Nathalie Boutet speaks to CFRA Radio on April 27th, 2015, to discuss the potential pitfalls of buying a house with a spouse without first consulting with a family law lawyer. Things to watch for, says Boutet, include: How much is…

First-time Homebuyers and Ownership Rights

Spring is upon us and many couples are looking to buy their first home together. While taking your relationship to the next level is exciting, it’s important to know your rights when it comes to investing in a property with…

Marital Breakdown – Nathalie Boutet in Canadian Consulting Engineer

Engineers have it made. According to a 2010 study from Radford University in Virginia, engineers are among the professions with the lowest divorce rates. They also rank amongst professions with the top- paying starting salary in Canada. Still, with the…

After Separation, Deciding on Extra Curricular Activities for the Kids Can be Difficult

With summer camp registration well underway, not to mention decisions on how to spend summer vacation, it’s the families facing separation or divorce that often find this a really contentious time. While extracurricular activities require commitment from the kids, they…

Case supports deviation from federal guidelines – Nathalie Boutet in Law Times

Creative child support arrangements that stray from the Child Support Guidelines work in certain cases, but some parties prefer to stick with the federal system due to its enforcement powers, Toronto family lawyer Nathalie Boutet tells Law Times. The article…

$3.7 billion dollars of family support owed in Canada – Nathalie Boutet on CBC

Nathalie is interviewed by Radio-Canada about the problem of family support owed in Canada. Nathalie can be seen at the 1:20 minute mark in the video.

Family Law Income Determination Event – Last Chance

Accurately determining income for child and spousal support purposes can be time consuming and challenging. It becomes even more difficult when one of the parties is self-employed or a small business owner. This workshop will summarize applicable legal and accounting…

Financial Disclosure in Divorce Cases

When people separate and embark on the legal process, through the courts or in Collaborative Law or Mediation, they must disclose to the other spouse’s lawyer everything about their financial situations. It’s called providing “financial disclosure”. Here is what’s included…

Occupation rent for divorcing spouses

Separating spouses may have to deal with the issue of “occupation rent”. If the separating spouses own a house jointly and one spouse moves out, the spouse who remains in occupation of the house may be asked to pay occupation…

Family Law Event: Income Determination

Valuing Discretionary and Non-Discretionary Trusts

Ontario courts have recognized that contingent assets such as a spouse’s interest in a trust are considered property, and are therefore taken into account when determining each spouse’s net family property. Valuing trusts in family separation and divorce can be…

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