Family Law Insights for High-Net-Worth Albertans

PRACTICAL GUIDANCE ON DIVORCE, ASSET DIVISION, AND SUPPORT FROM A CALGARY FAMILY LAWYER

How Is a Business Divided in an Alberta Divorce?

Business Ownership, Divorce, Professional Corporations

In many divorces, one spouse owns and runs a business. Alberta divorce law recognizes this kind of business as “family property”. This means that, in most of these cases, a business is an asset that must be valued and divided between the spouses as part of the divorce process. This

Close-up of a financial trading screen showing stock prices and investment data

Broken Hearts and Broken Investment Portfolios

Divorce, Investments

Divorce does not just break your heart. It also breaks up your investment portfolio. According to Alberta law, investments that were acquired during a marriage are defined as family-owned property. This means that, after most divorces in Alberta, each spouse is entitled to 50% of any investments that were purchased

Mother kneeling down and comforting child, and talking about divorce

Protecting Your Kids During Divorce: What Children Need Most From Parents

Children, Divorce

Divorce has a negative impact on children. This is unavoidable. When parents start the separation process, children get the following message: Things will be different, uncertain, and scary. The good news is this: Divorce does not always mean our children will have lasting damage. Kids are resilient. Many children of

Who Gets the House in an Alberta Divorce?

Divorce, Property Division

The decision of “should we/should we not” get a divorce is not easy. It is a process that involves asking yourself a lot of questions about the future. A common question people ask themselves is “If we get a divorce, who will get the house?” Many divorcing couples own a

Lawyer explaining spousal support papers with client

Spousal Support in Alberta: How Much Will You Pay, and For How Long?

Divorce, Spousal Support

You have decided to get a divorce. After this decision is made, either you or your spouse moves out. This is also about the time that economic reality kicks in: one of you needs financial support, and one of you realizes you must pay support. Two immediate questions arise: How