Legal Insights
Explore thought-provoking articles from our lawyers to gain a deeper understanding of legal strategy and discover the tools you need to navigate today's legal landscape with confidence.
Understanding the Basics of Wills
Understanding the Basics of Wills: When to get a will? There are several circumstances throughout life that may trigger a need to change or update your will, such as: Age. Once you reach the legal age of majority in your province or territory (usually 18 or 19), you can legally create a will. Assets. You own assets such as property, investments, bank accounts, or personal belongings, having a will allows you to specify the distribution of these assets after your decease. Dependents. If you have dependents, such as children or others who rely on your financial support, a will enables you to name guardians for your minor children and provide for their well-being….
Understanding Spousal Support
In determining “entitlement” to spousal support, a number of factors are taken into account, including: the length of the relationship, the roles each spouse played during the relationship, dependent children, each spouse’s earning capability and each spouse’s needs and ability to pay. How is spousal support calculated? While there is no magic formula for calculating spousal support in Ontario, for most couples, spousal support is determined by the specific circumstances of their case. Generally, the courts will use the following criteria in making a determination on the issue of spousal support: 1. The length of the relationship will assist the court in determining both the amount and duration of spousal support…