Embarking on a divorce journey can be daunting, but arming yourself with the right information is key. In Canada, before taking this significant step, consider a few crucial to-dos:
- Financial Documentation: Gather records of your assets, debts, income, and expenses. Having a clear financial picture is fundamental for fair division.
- Legal Grounds: Familiarize yourself with the legal grounds for separation and divorce in your jurisdiction. Being informed empowers you to make decisions aligned with the law.
- Spousal Support: Understand spousal support. Factors such as the length of the marriage, financial need, and financial consequences arising from the care of children may influence these arangements.
- Property Division: Learn about the rules governing the division of family property. Alberta generally follows the principle of equal division, but nuances exist, particularly concerning excluded assets.
Navigating a divorce is complex, but with the right knowledge and support, you can make informed decisions that matter.
If you or someone you know is going through divorce, please reach out so we can provide you with the best options for your situation.