Family Law can really ruin things for people who have bought their own home. Over the past several months, if not years, the prices of homes have skyrocketed. It is no longer a simple feat to purchase a home – it requires a lot of hard work and obviously, money. To get a home, people have to work through school, spend years in full-time employment, finally earn enough income to secure a home, then make mortgage payments for several years.
After doing all that if the homeowner marries, then separates, a large chunk, perhaps even half of all that effort goes away to the ex “for free.” Marriage can take away your most significant asset. In this episode of the Ontario Family Law Podcast, which is also available as a video on YouTube, Certified Specialist in Family Law, John Schuman, explains how that happens, and how to prevent it from happening, so married spouses can keep their homes if they divorce.
If you enjoyed this episode, you will want to check out these ones:
4. How to Have an Enforceable Marriage Contract in Ontario (audio only)
8. How Tour Heart Can Get You Into Financial Trouble (audio only)
9. How is Property Divided After a Marriage in Ontario (audio only)
29. Common Law Separation and Property Division (audio only)
33. The Law of Marriage Contracts and Cohabitation Agreements
40. How to Keep Your Money in Separation and Divorce
48. COVID Family Law Property Scam
The Ontario Family Law Podcast is a companion to the book, Guide to the Basics of Ontario Family Law, which is available as a $9.99 Kindle eBook, Kobo eBook, or iBook for your iPad or iPhone and as a paperback from Amazon and better bookstores. Anyone who has to deal with issues related to separation or divorce, the financial considerations in those circumstances or parenting concerns should rely on both this podcast and the book for easy-to-understand information and advice about how the law applies to their case and what are the best ways to address their concerns.
