Tag: Financial Settlement Strategies in Divorce Cases
Financial Settlement Strategies in Toronto Divorce Cases
Understanding Financial Settlements
Definition and Purpose
Explanation of what constitutes a financial settlement
A financial settlement in the context of divorce refers to the legal agreement that outlines how the financial assets and liabilities of a couple will be divided upon their separation.
Goals of a financial settlement in divorce cases
The primary goals of a financial settlement are to:
- Ensure Fair Distribution: To divide the marital assets and liabilities equitably, considering both parties’ contributions and future needs.
- Provide Financial Stability: To ensure that both parties can maintain a reasonable standard of living post-divorce.