Search results
Results from the WOW.Com Content Network
It is possible for spouses to live separate and apart while sharing the same residence. A central registry of divorce proceedings has been kept in Canada since July 2, 1968. If there is another divorce application involving the same two spouses, the Registry lets the courts know.
Where there is a transfer of property between spouses or a transfer incident to divorce, §1041(b) states that the property will be treated as if the person who receives the property (the transferee) has acquired it by gift. The transferee's basis in the property shall be the adjusted basis of the transferor at the time of the transfer.
Community of Acquests and Gains: Each spouse owns an undivided half-interest in all property acquired during the marriage, except for property acquired by gift or inheritance during the marriage, which is separate property; or which traces to separate property acquired before the marriage, which remains separate property; or which is acquired during a period when the couple are permanently ...
For example, when a spouse is to acquire the marital home as part of a divorce settlement, the other spouse may be able to transfer their full interest quickly and inexpensively via a quitclaim deed. [10] A quitclaim deed may also be used to transfer title of a property to a purchaser following a foreclosure auction.
In 1968, Parliament passed its first Divorce Act, which established a uniform divorce law across Canada. [25] In addition to bringing about uniformity, the 1968 Act: placed both spouses on an equal footing in pursuing a divorce and specified that the grounds included: [26] adultery, conviction of a sexual offence, bigamy, mental or physical ...
President-elect Donald Trump dismissed any suggestion that he’s being usurped by his high-profile billionaire ally Elon Musk during a speech at AmericaFest.
The object is to prevent widow(er)s and divorce(e)s, and their minor children, being cast into poverty by the death or divorce of the richer spouse. Accrual System ( South Africa ) or Deferred Community Property ( Canada ): Marital property is separately owned during the marriage, but after marriage (divorce, death of a spouse), the net assets ...
Go to any sports game—whether it’s a high school game or a pro one—and you’re bound to see athletes on the sidelines drinking Gatorade. It’s likely a staple at your local gym too. A ...