Tag: Division of Marital Property and Assets
Navigating Divorce as a Stay-at-Home Parent
Rights and Entitlements of Stay-at-Home Parents in Divorce
Overview of Legal Rights Specific to Stay-at-Home Parents
Stay-at-home parents play a crucial role in a marriage, often contributing in ways that are not directly financial but are nonetheless invaluable. Ontario’s family law recognizes this and aims to ensure an equitable distribution of assets, as well as potential spousal support. In divorce, stay-at-home parents are entitled to:
- Equalization of Property: Ontario’s family law follows an equalization model for property division. This means that any increase in the value of the family’s assets during the marriage is divided equally. As a stay-at-home parent, you have the right to share in the growth of assets accumulated during the marriage, such as the family home, investments, or savings.