Toronto Divorce Lawyer with a Specific Focus on Business Owners and High-Net-Worth Individuals
Divorce and related legal battles over division of property, spousal support, child support, and pension division can be devastating, both emotionally and financially. If you do not carefully plan ahead, divorce can be difficult to navigate and full of potential liability. If you are contemplating a divorce, your first step should be to immediately consult with an experienced family lawyer that has extensive tax law experience. This is important for everyone, but has particular significance for business owners and entrepreneurs as well as others that may have significant assets.
Mark Feigenbaum works hard to make the process of divorce less stressful. He will ensure that you comply with all your legal obligations towards your former spouse and create a plan to provide for any children you may have while mitigating your risk and minimizing any significant financial impact on you.
Divorce in Ontario: What You Need to Know
Divorce across Canada is governed by the federal Divorce Act, which requires a “breakdown in marriage” in order for a couple to be able to obtain a divorce.
A breakdown in marriage can be established in one of three ways:
- A couple has lived “separate and apart” for at least one year immediately prior to the divorce;
- A spouse has committed adultery; or
- A spouse has subjected the other spouse to mental or physical cruelty.
The most common way to establish a breakdown in marriage and obtain a divorce is to separate and remain separated for at least a year.
Divorce for Business Owners: Things to Keep in Mind
If you are a business owner or entrepreneur and are going through a divorce, there are specific division of property issues that you will have to proactively address. Property division of a business is much different than the division of your other significant assets, including your home, vacation property or cottage, pension, investments, or other major possessions. Property division where business assets are involved will require guidance and advice from a family lawyer with specific experience advising business owners.
Contact A Knowledgeable Toronto Area Divorce Lawyer for Strategic Family Law Advice
Mark Feigenbaum brings together years of litigation, corporate law, tax law, and accounting experience. He applies this multi-faceted experience to family law disputes with the ultimate goal of helping you move forward following the breakdown of a relationship while retaining as much financial stability as possible. The firm represents clients in Toronto and across the GTA, including in Thornhill, Vaughan, and Markham.
Speak to Mark team for effective, knowledgeable, strategic guidance and representation leading up to and throughout your divorce. Contact Mark online or call him at (905) 695-1269 or toll-free at (877) 275-4792 to book a consultation.