8 - How your heart can get you into financial trouble - Step Children and Matrimonial Homes
This episode was a special live recording of a Valentines Day discussion of Family Law Issues. In light of the day, the topic of discussion was how your heart can get you into financial trouble under Ontario Family Law.
The discussion starts with a brief explanation of how property division works. It then moves on how property division works differently for matrimonial home and how that difference costs people money. The discussion then explores how a marriage contract or a family trust can avoid the problem.
The second way people can let their heart cost them money is by becoming a parent to step children. Step-Parents who are actively involved in parenting will have to pay child support for those children when the marriage breaks down -even if the biological parent is already paying support. this podcast covers h ow that happens, and how much support may have to be paid.
Of course, step-children will also have a right to continue to see any step-parent with whom they have a close relationship. In response to an audience members questions, there is a brief discussion of this topic as well.
This special Valentines Day edition of the podcast is essential listing for people who want to know what their heart can cost them.
An easy-to-understand guide to Ontario Family Law for non-lawyers. Click on the cover above to purchase on Amazon.
The Ontario Family Law Podcast is a companion to the book, Guide to the Basics of Ontario Family Law, which is available as a $9.99 eBook for Amazon Kindle and Kobo and as an iBook for iPad, iPhone and Mac or a paperback for $20.00 (or less) from Amazon and other fine book sellers. The Guide is an easy-to-understand explanation of the basics of all aspects of Ontario Family Law, from a description of Family Court and the other ways to resolve family law matters, to a description of the most important family law topics, to tips on how to avoid common mistakes and succeed after separation.
If you would like more information about how family law issues can affect you, contact Certified Specialist in Family Law, John Schuman, by calling 416-446-5847, emailing him, or using the contact form below. You can also use the contact form to comment on this page.
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