Protecting Gifts and Inheritances in Family Law
201705.11
1

Protecting Gifts and Inheritances in Family Law

  In Ontario, marriages are deemed to be a form of economic partnership. As such, at the end of the marriage, under Ontario law, the spouses have a right to share in the wealth generated during the marriage. This is accomplished by a process called equalization under the Family Law Act (“FLA”). Equalization is a…

Is it a GIFT or a LOAN?
201609.08
0

Is it a GIFT or a LOAN?

Buying property is expensive. Nowadays, many first time buyers are assisted by the kind contribution of parents or in-laws. If someone in your family is generous enough to provide you with funds, make it clear whether these monies are a gift or a loan. It can make a difference down the line if the marriage…