Understand the financial picture before agreeing to terms

Your home, savings, debts, pension and business interests can raise difficult questions when a relationship ends. Thomas J. MacLennan helps clients obtain financial disclosure, assess valuations and negotiate or litigate property claims.

You may be reviewing a proposed settlement, trying to understand your position concerning the family home, or concerned that important financial information is missing. Thomas helps identify the issues and the information needed to make informed decisions.

Request a consultation or call 416-591-1354.

Property rights depend on your relationship

Married spouses

Ontario generally shares the increase in married spouses’ net family property through an equalization payment. This involves assessing assets and debts, with rules about deductions and exclusions. The matrimonial home has special rules concerning both its treatment in the calculation and the spouses’ right to occupy it.

Common-law partners

The equalization regime does not apply to common-law partners. There is no automatic right to share in property owned by the other partner. Ownership, agreements and possible trust or unjust enrichment claims may affect your position. Advice depends on the circumstances of your relationship.

Businesses and pensions

A business or pension can be a significant part of the financial picture. Thomas works with qualified valuation professionals where needed and reviews the records and assumptions supporting the figures. Learn about business interests and valuation.

How Thomas can help

• Identify missing financial disclosure and the records needed to assess a proposal.
• Review property values, debts and proposed equalization calculations.
• Address issues concerning the family home, pensions and business interests.
• Assess proposed settlement terms alongside related support and housing concerns.
• Negotiate a resolution or pursue a court claim where necessary.

Time limits can affect property claims. Get advice promptly, and tell the office about any court dates or deadlines when booking.

Preparing for your consultation

Have any proposed agreement and the financial information you hold available, including account statements, mortgage details, pension records and business documents where relevant. If information is missing, say so. Identifying the gaps is part of understanding your next steps.

Arrange a consultation

Consultations are one-hour paid meetings with Thomas, available by telephone, Zoom or in person. See consultation details and request an appointment, or call 416-591-1354.