Sentences with phrase «property equalization payment»

Not exact matches

According to the Family Law Act, non-married couples are not entitled to the property division regime known as the equalization payment.

The right to an equalization payment does not permit a recipient spouse to force the sale or transfer of a specific property if the paying party can make the payment by some other means.

Zavarella v. Zavarella 2013 ONCA 720 Family Law — Husband and wife — Marital property — Distribution orders — Equalization payments About two weeks before she was married, a future wife, with debts of $ 49,838.70, made an assignment into bankruptcy.

The equalization payment, which only available to married spouses, is the payment owed to the spouse with a lower net family property (NFP).

Ms. Ruizhen represented in her e-mail that she allegedly living in China and was seeking to retain my firm to assist her with the collection of an outstanding property settlement equalization payment, in the sum of $ 468,450 USD.

In this quasi-family law proceeding, the wife sought to force the sale of a property belonging to her former husband to satisfy an equalization payment owing to her.

Note that this outcome pertains to unpaid equalization payments only, which readers will know is the amount that spouses must pay to each other in order to equalize their respective Net Family Property as part of their division of assets.

That is, the date of separation will be set out in the Separation Agreement, and is used to determine a number of issues for the separation (including property settlement and equalization, financial disclosure forms, pension forms, divorce application forms, and support payments).

The trial judge had agreed with the husband and found that the payments were property and thus subject to equalization in the same way that a pension would be.

the wife received an equalization payment and other benefits totalling more than $ 4,000,000 of the $ 8,000,000 matrimonial property.

In the context of determining their respective Net Family Property amounts for the purposes of equalization, a legal question arose as to whether the wife's annuity payment entitlement should be counted as «property» or as «income» as those terms are used in the Ontario Family Property amounts for the purposes of equalization, a legal question arose as to whether the wife's annuity payment entitlement should be counted as «property» or as «income» as those terms are used in the Ontario Family property» or as «income» as those terms are used in the Ontario Family Law Act.