Sentences with phrase «valued some of the family debt»

In K.M.J. v. J.H.D.N., 2014 BCSC 1895, Mr. Justice Betton valued some of the family debt at separation in circumstances where one of the parties had significantly reduced family debt after separation and prior to the hearing date.

Not exact matches

The displayed rates and APRs assume a loan amount of $ 260,000, an owner occupied single family detached home located in Pennsylvania, first time usage of VA eligibility, a loan - to - value ratio of less than 80 %, a credit score of at least 740, and a debt - to - income ratio of less than 50 %.

Your family distributes any of your assets during probate - If your family gave out antiques, family heirlooms or any other items of value before your debts have been settled, creditors can try to get them added back to your estate.

If so, you may find value in some of the techniques I used during our debt elimination period that helped my family stay focused on our budget.

If the value of your business has recently changed (the purchase of a new building, inventory or equipment), be sure your life insurance limits are set high enough to cover business debts that your family could be held responsible for when you die.

We also have a 1 / 3rd partial equity interest in a 2nd generation family cottage valued at $ 100,000 and clear of debt.

A reverse mortgage turns the value of your home equity into usable cash, which you can use to supplement your income, finance home improvements, pay medical bills or debts, or even fund a family member's college education.

Small inheritances, insurance settlements, cash - value life insurance policies, even borrowing from friends and family are a few of the alternate sources of funding that New Era clients have used to take advantage of extra large debt reductions.

Given the significant increases in land and quota values over the last number of years it is becoming increasingly difficult to transfer the family farm at fair market value and meet the cash requirements of paying farm debt, repaying of the parents» investment, paying income tax on the farm operations, investing in additional farm operations and upgrades, and provide a living for the children.

In the long term, these OSAP changes mean that more than 80 % of all those who receive OSAP will graduate with less provincial debt — a great value for low and middle - income Canadians and their families.

The Student Debt Repayment Success Indicator (SDRSI) is a value that gauges the potential of a graduating class to successfully repay student loan debt.SDRSI can be used to figure out which colleges offer the best return - on - investment and can help students and their families make the best financial decision when it comes to choosing a college.

if the amount of family debt exceeds the value of Vancouver family property, the ability of each spouse to pay a share of the family debt,

whether a spouse, after the date of separation, caused a significant decrease or increase in the value of Vancouver family property or family debt beyond market trends,

In particular, the family court did not determine the fair market value of Landscape Supply, which constituted a considerable debt of the marriage.

(e) if the amount of family debt exceeds the value of family property, the ability of each spouse to pay a share of the family debt;

But over # 150,000 of Dr Phizackerley's nil rate band was wiped out by his inability to deduct his IOU debt, which had become an asset of his wife's nil rate band trust, from the value of his own estate which at his death included the whole value of the family home.

If the value of your business has recently changed (the purchase of a new building, inventory or equipment), be sure your life insurance limits are set high enough to cover business debts that your family could be held responsible for when you die.

Namely, the intangible value comes from the peace of mind knowing that all debts can be paid off and your family can be left on easy street.

If the value of your business has increased and has debt obligations, insurance proceeds can protect your family from being obligated to repay this debt if you die so they can avoid having to suddenly liquidate assets.

Since the value of a permanent life policy remains the same or even increases over time, this type of solution will not only pay off the home mortgage, it the remaining value of the policy can be directed to one or more family members or even earmarked to pay off other family debts.

Tasks: • Gather financial information: o Document assets, debt, income and expense o Value assets and debt o Document and value potential separate property o Identify each party's initial preferences for asset and debt division o Note any outstanding issues • Develop emotional background: o Family dynamics o Emotional state of each person o Interests • Develop parenting plan: o Identify each person's initial parenting plan preferences o Note any outstanding iValue assets and debt o Document and value potential separate property o Identify each party's initial preferences for asset and debt division o Note any outstanding issues • Develop emotional background: o Family dynamics o Emotional state of each person o Interests • Develop parenting plan: o Identify each person's initial parenting plan preferences o Note any outstanding ivalue potential separate property o Identify each party's initial preferences for asset and debt division o Note any outstanding issues • Develop emotional background: o Family dynamics o Emotional state of each person o Interests • Develop parenting plan: o Identify each person's initial parenting plan preferences o Note any outstanding issues

In making an equitable apportionment of marital property, the family court must give weight in such proportion as it finds appropriate to all of the following factors: (1) the duration of the marriage along with the ages of the parties at the time of the marriage and at the time of the divorce; (2) marital misconduct or fault of either or both parties, if the misconduct affects or has affected the economic circumstances of the parties or contributed to the breakup of the marriage; (3) the value of the marital property and the contribution of each spouse to the acquisition, preservation, depreciation, or appreciation in value of the marital property, including the contribution of the spouse as homemaker; (4) the income of each spouse, the earning potential of each spouse, and the opportunity for future acquisition of capital assets; (5) the health, both physical and emotional, of each spouse; (6) either spouse's need for additional training or education in order to achieve that spouse's income potential; (7) the non marital property of each spouse; (8) the existence or nonexistence of vested retirement benefits for each or either spouse; (9) whether separate maintenance or alimony has been awarded; (10) the desirability of awarding the family home as part of equitable distribution or the right to live therein for reasonable periods to the spouse having custody of any children; (11) the tax consequences to each or either party as a result of equitable apportionment; (12) the existence and extent of any prior support obligations; (13) liens and any other encumbrances upon the marital property and any other existing debts; (14) child custody arrangements and obligations at the time of the entry of the order; and (15) such other relevant factors as the trial court shall expressly enumerate in its order.

Once everyone can see the documents, and what the value of this asset is, what the value of that asset is, what the amount of this debt and that debt is, and have a look at the children's report cards to get to know who the children are, then responsible family law lawyers are able to help the parties reach an agreement.