Getting a divorce is often a very stressful experience. It can become even more stressful if parties need clarification on their obligations, which includes a significant duty to provide full and accurate disclosure in their family law proceeding. Disclosure requirements can be extensive, and it is important for parties to understand what is expected of… Continue reading Family Law Disclosure Extends Beyond Corporate Financial Statements
Category: Disclosure
Reduction of Child Support Denied Due to Non-Disclosure
During a divorce, each party must provide proper financial disclosure for several key issues, including property division and the determination of child support and spousal support. Each party is required to provide full and complete financial disclosure, and the courts do not take this obligation lightly. Significant consequences can exist if a party does not… Continue reading Reduction of Child Support Denied Due to Non-Disclosure
Appeal Court Sets Payor Parent’s Income Higher for Non-Disclosure
One of the major difficulties in ensuring adequate child support is the need for more disclosure by the payor parent. Without sufficient evidence concerning the payor’s income, it is difficult for a court to establish that their income is higher. It is also very challenging for a parent receiving child support to obtain more financial… Continue reading Appeal Court Sets Payor Parent’s Income Higher for Non-Disclosure
Lost & Found: How Experts Can Help Locate Hidden Assets and Income in a Divorce
In Alberta, the parties to a family law proceeding are required to disclose all relevant financial information necessary to help a court properly determine the appropriate amount of spousal or child support, as well as a fair and equitable division of assets. Suppose a party fails to provide full disclosure as requested or provides inaccurate… Continue reading Lost & Found: How Experts Can Help Locate Hidden Assets and Income in a Divorce
Alberta Court Denies Divorce Pending Full Financial Disclosure
When a couple decides to divorce, the general rule is that a divorce will be granted after a couple has been separated for one year. While there are often a number of issues to be resolved in relation to the divorce, such as spousal support and the division of assets, courts will sometimes permit the… Continue reading Alberta Court Denies Divorce Pending Full Financial Disclosure
Just Call My Accountant
We often write about new and developing case law in the area of financial disclosure. This is often a topic that we discuss amongst the office as well. This is because disclosure is not only so critical for support and matrimonial property, but because parties are often resistant, or even downright obstructive, when it comes… Continue reading Just Call My Accountant