by Neil Smith | Oct 4, 2023 | Personal Divorce
A deemed disposition is when, for instance, the government reports that you sold property of value when you didn’t actually sell that property yet. Let me put this in context further. Canada has an exit tax. They tax their residents what is known as a capital gains...
by Administrator | Feb 20, 2023 | Personal Divorce
Within this article we will discuss what you need to do if: The IRS has notified you of an outstanding tax debt You perceive you should not be personally responsible for the IRS debt and You just started, or are in the middle of, a divorce process There are a series...
by Administrator | Dec 5, 2022 | Personal Divorce
introduction to stock options in a divorce process If you or your spouse have stock options that need to be allocated as part of your divorce process then beware. Things can get complicated very quickly. You or your spouse can easily find yourself in a tax trap paying...
by Administrator | Aug 25, 2022 | Personal Divorce
It is not uncommon for people to be unsatisfied in their divorce process. People who may be the breadwinners can pursue a strategy to drain the other side of money until they give in or simply do not understand. What you need to do is work on two things: Develop a...
by Administrator | Aug 25, 2022 | Personal Divorce
Don’t worry you are not alone. Lots of divorcing parties innocently assume their attorney is skilled in divorce finance matters. If you could have an open and private conversation with your family law attorney you would discover s/he is skilled in the aspects of the...
by Neil Smith | Jan 7, 2021 | Personal Divorce
You may have heard about the challenges that commingling of assets brings to a divorce proceeding. In this article we will discuss what the term commingling means and what you have to do to manage your financial risks. When you think about divorce, you need to be...
