Divorce for athletes in Ottawa can present a unique set of concerns, not to mention essential priorities regarding privacy and discretion. A lawyer who is well-versed in divorce matters involving sports professionals and who has wide-ranging experience managing these sensitive matters could provide the specialized legal representation you require.
Although the end of a marriage is rarely simple, working with one of our diligent high-asset divorce lawyers from The Paul Riley Divorce & Family Law Firm who focuses on these cases could work to safeguard your financial and personal privacy through every stage of the legal process.
Athletes facing divorce in Ottawa may encounter specific hurdles due to the substantial and varied assets that are often at the center of these cases, not to mention complex, changing schedules and lifestyle needs. Divorce filings and documentation in Ontario are generally public records, which can heighten the sensitivity of these potentially litigious proceedings.
It is imperative to work with one of our lawyers who specializes in athlete divorce cases and could serve as a legal voice through this challenging time in matters ranging from investment protection to fair division of assets to parenting time and support concerns. These cases often involve extensive and complex property division issues, fraught with tax implications, and could potentially be impacted by existing prenuptial or postnuptial agreements.
Depending on whether the divorce is contested or uncontested, this matter could affect not only the duration of these proceedings but also their public or private nature. Our lawyers could also mitigate any potential public exposure that could complicate legal matters while actively working for a case’s most advantageous outcome. Our lawyers could explore all possible options to maximize a person’s privacy during this time, such as through a collaborative divorce process or mediation.
Several key points of consideration frequently arise in athlete divorce cases in Ottawa. These include:
Ottawa requires that assets and liabilities acquired during the marriage be split between the divorcing spouses for the division of property. Assets could range from homes and real estate to automobiles, furniture, artwork, jewelry, business holdings, financial accounts, and investments. Both parties must furnish a complete list of their respective assets and liabilities, and these will be totaled to achieve a final calculation of the net family property.
In the case of athletes filing for divorce in Ottawa, classifying certain assets as marital vs. non-marital can pose challenges due to unique circumstances such as signing bonuses or endorsement agreements. While assets acquired during the marriage do not need to be split 50/50, their value should be. In many cases, this means that one party will need to make an equalization payment to the other to achieve that equal distribution of property.
Federal and provincial child support tables determine child support, the payor parent’s income, and the number of children involved. For individuals who earn more than $150,000 a year, the court can diverge from the tables’ outline of the required income percentage for child support.
The parent whose home does not serve as the child’s primary residence, or in some cases, who earns more, will often be the payor parent. Both parents must see to the care and financial support of the child or children they share. Child support usually continues until the child’s 18th birthday. However, during a divorce concerning athletes, payments may continue beyond this time in certain circumstances and based on the child’s individual needs in Ottawa.
During a divorce for athletes, any determinations about parenting time or decision-making responsibility will hinge on the best interest of the child or children in question in Ottawa. Spousal support determinations hinge on a range of factors, including but not limited to the financial conditions of each party, lost earning power by either party during the marriage, the role either party has played in the care and upbringing of the children, prenuptial or postnuptial agreements, and other elements the court deems appropriate.
Dealing with the breakdown of your marriage can be a stressful, emotional, and profoundly difficult experience, regardless of the events that led to this moment. You must resolve many vital issues with your former spouse, such as the division of property and allocating specific financial responsibilities to your former spouse or children.
Our experienced lawyers from The Paul Riley Divorce & Family Law Firm could assist with all vital matters that may arise in your case, from determining the division and equalization of net family property to child support rights and responsibilities to spousal support concerns. To discuss the particulars of your case with our well-versed lawyers who specialize in divorce for athletes in Ottawa, call today to receive your confidential legal consultation.
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