If your child/children live with one parent for a majority of the time during separation or during the divorce process, the other parent may be required to pay child support. In determining who pays child support, the Ontario Family Court will use the Child Support Guidelines to make determinative decisions on the amount and frequency of the child support.
Although your child/children may spend an equal amount of time with either parent, the parent with the higher income may still have to pay some form of child support. Child support payments are based on gross annual income and the number of children entitled to support.
Division of Property & Assets
If you have decided to separate or divorce and you are married, the value of the property between the Parties is usually shared. As common-law couples have different rights, there are different rules that apply to the division of property.
In order to calculate the value of your respective property at the end of your relationship, you should list and value all of your assets and debts. By taking account of this calculation, you can calculate your Net Family Property (NFP). Your NFP is a calculation of how much money a married Party is worth at the end of the relationship, after taking consideration of what that Party brought to the marriage.
Protecting You & Loved Ones
While we cannot ensure that the other party will cooperate, we can guarantee that we will provide you with a strong course of action, take consideration of your financial situation, and offer guidance on providing counsel / guidance accounting for the best interests of any children involved.
The team at Tailor Law is here to offer you comprehensive services on a number of family law issues, and we are here to assist you in achieving your goals every step of the way.