Tag: What is a Divorce Settlement in Ontario
Divorce Settlement in Ontario: A Guide to Reaching a Fair Agreement
What is a Divorce Settlement in Ontario
A divorce settlement is the legal agreement reached between spouses regarding the division of assets, financial support, and, if applicable, child custody and support arrangements, once they decide to legally end their marriage. It is a critical part of the divorce process, helping both parties resolve disputes and clarify their obligations moving forward.
Reaching a fair divorce settlement in Ontario typically involves negotiation, mediation, or arbitration, where the couple can resolve disputes with the guidance of legal professionals, rather than escalating the matter to court. For those unable to agree, the courts step in to impose a resolution based on provincial and federal family laws.