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Presto! Turning a Debt Into an Asset Through Marriage and How a Prenuptial Agreement Can Help

So when is a debt not a debt? Is it possible for a debt to be treated like it is an asset? The short answer is yes. And here is how… Whether you have an outstanding loan or postsecondary school debts; unpaid credit card debts or payments on a car that you bought, in the …

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Ontario Recognizes Common Law Tort of Family Violence – Awards Wife $150,000 In Damages

In the groundbreaking decision Ahluwalia v. Aluwalia, 2022 ONSC 1303, Justice Mandhane of the Ontario Superior Court of Justice, established the common law tort of family violence in Ontario. After hearing submissions by both sides (including a self-represented wife) after an 11-day trial, Justice Mandhane recognized the common law tort of family violence (at para. …

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Prenuptial Agreements in Ontario: An Upstream Approach to Avoid Separation Devastation

What is a Prenuptial Agreement? A prenuptial agreement is a written agreement that couples make typically before they get married (although it is always possible to create one after the marriage has occurred). These agreements identify in writing what each partner wishes to preserve or exclude from dividing in the event that they ever separate …

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When is a Down Payment Loan a Gift? Why Does This Matter?

Note:  This situation does NOT apply to married couples.  The law is different when it comes to the matrimonial home.  As the real estate market continues to soar in Canada, young adults are struggling to afford their first home. It has become increasingly common for parents to provide financial assistance to their children when making …

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Doing a prenup yourself

Doing a Prenup Yourself – Reasons Why You Don’t Need a Lawyer

With the popularity of YouTube, there are more options now than ever for DIY projects.  You can DIY projects around your home – like refinishing that front hall table.  You can DIY projects in your garden.   You can even DIY certain staple food products.  But should you DIY your legal documents? If you Google “how …

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