When a relationship ends, it may be necessary for one party to provide financial support to the other after the separation and/or divorce (this is also sometimes referred to as ‘alimony’). While it is important for each spouse to mitigate the need for financial support to the best of his or her ability, a support order or agreement may still be necessary.
The family law lawyers at Mills & Mills LLP work regularly with clients to negotiate the terms of spousal support orders as part of a separation agreement, or during mediation or litigation. If support is necessary or agreed to by the parties, we will advise clients and negotiate terms on their behalf.
There are multiple considerations that can affect entitlement and the amount of support ordered, such as:
The amount of and duration of spousal support is determined in consultation with the Spousal Support Advisory Guidelines, which offer ranges of support to be considered on a case by case basis taking into consideration all of the other relevant factors of an individual matter. Our lawyers work to ensure that our clients’ interests are safeguarded and that all of the relevant factors are considered, whether they are paying or receiving support.
Full disclosure of income and assets is an important factor when determining spousal support awards. Failure to disclose finances and assets can lead to serious consequences. It can affect a parties’ credibility and lead to serious consequences such as a higher income being imputed than a party actually has and therefore higher support being payable. In situations where the other party appears less than forthright with respect to their own disclosure, our lawyers can do everything possible to uncover hidden assets and income, and may engage the assistance of experts where necessary.
To benefit from the expert advice of our family law group with respect to spousal support considerations, please contact us at 416-863-0125 or send us an email.