If your marriage is ending then you will need a local divorce lawyer who can guide you through the entire process of drafting a divorce complaint, negotiating a divorce settlement, and finalizing your divorce in court.
There is nothing simple about divorce. Mistakes in the divorce process can cost hundreds of thousands of dollars. This is especially true for high net worth couples, entrepreneurs, couples with children, and others who have complex life circumstances.
The team at Merchant Law has helped hundreds of Camrose residents navigate their divorces successfully. Our team is ready to ensure that your rights are protected throughout the process and that you are provided the legal guidance you need to make sound decisions.
Camrose, AB Division of Property
Alberta divorce law gives each spouse an equal claim to half the marital property. Yet dividing the property often takes careful negotiation and legal acumen. It isn’t as simple as selling everything off and writing each spouse a check.
Both spouses may want the marital home. One spouse may have put heart and soul into building a business from scratch and may now want to keep control of it. The retirement accounts could become devalued if withdrawn from too quickly.
A thorough valuation of all the assets and creative solutions to meeting the needs of both parties is usually the best way to ensure that the division of property settlement that emerges is one both parties can live with. Divorce litigation usually leads to worse outcomes, but when it is necessary it is important to work with an attorney who is well-prepared and skilled at arguing a divorce case before a judge.
Camrose, AB Spousal Support
Spousal support can make emotions run high. While there are federal guidelines outlining who is eligible for support and how much should be awarded, spousal support is not exactly mandatory.
Yet you should be aware that the courts are rarely willing to let one spouse languish in poverty while the other lives the high life. If your spouse was a lifelong homemaker or if you make considerably more than they do, then you can expect spousal support to come into play, especially if you were married for a long time. Likewise, if you were a homemaker, or stunted your own career to support your spouse’s aspirations,then you can make a good case for receiving spousal support.
Spousal support is a negotiable point, and there are ways to get around having one party write big monthly checks to the other. Ask your attorney to go over the options.
Camrose, AB Child Support & Custody
If you have minor children then child support must, by law, be part of your divorce settlement. In addition your support arrangement must, at minimum, adhere to the Federal Child Support Guidelines.
As for custody, the courts generally favor arrangements which allow both parents to retain a relationship with the children. Arrangements which are 50/50 or close to it are favored more often than not, unless there are special circumstances.
Why Merchant Law?
Our attorneys have decades of divorce law experience. We’re tough negotiators and litigators who have handled a wide variety of challenging high net worth divorces, business owner divorces, and farm and ranch divorces.
Protect your rights during your divorce. Call (403) 237-7777 today.