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Matrimonial Homes in Ontario
Family law is a vast and complex field of legal practice that touches on various aspects of family relationships. One important area is the protection of matrimonial homes in Ontario, particularly when it comes to transactions that encumber or dispose of them. This blog post will delve into three main aspects of this issue, as governed by the Family Law Act (R.S.O. 1990, c. F.3).
Equalization Payments in Family Law
Family law often involves complex and emotionally charged financial decisions, among which equalization payments play a crucial role. Equalization payments refer to the monetary payments made between spouses during a divorce or separation to balance out the division of assets. There are several methods for satisfying equalization payments, and the court can place specific conditions to ensure the payment is fulfilled considering both spouses' financial situations.
The Costs of Disposition in Family Law
When marriage breakdown occurs, one significant and often overlooked aspect is the costs of disposition of assets. In family law, these costs can greatly influence the property division and financial settlements between the separating parties.
Unconscionability in Ontario's Family Law Act
When it comes to the division of property during a divorce or separation, the process is typically guided by the principle of equalization. However, there are exceptions to the rule. One such exception is the concept of "unconscionability." This legal term refers to situations where the result of equalization would be so unjust or excessively one-sided that it would "shock the conscience of the court." In this blog post, we'll delve into the concept of unconscionability under Ontario's Family Law Act (FLA).