There are often negative connotations associated with marriage contracts. Many people have the preconceived notion that parties who enter into a marriage contract will ultimately end up divorced. Marriage contracts are often associated with mistrust, greed, and lack of commitment. In reality, they are important tools that provide couples with …
The Complexities of Intestate Succession in Ontario: Why Planning Ahead is Essential
Intestate Succession under the Succession Law Reform Act When a person dies without a valid Will in Ontario, they are considered to have died “intestate”. In such situations, the distribution of their estate is governed by Part II of the Succession Law Reform Act (“SLRA”), which outlines the rules for …
Untangling Finances: Managing Debt After a Common-Law Relationship Ends
When common-law couples separate, they may be surprised to discover there is no legislative formula for dividing or distributing their debt. Creditors are not obliged to release debtors after separation, so it is not uncommon for one spouse, perhaps the one with better credit, to bear the burden of the …