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Family Law: Divorce and Division of Assets

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Family Law: Divorce and Division of Assets. Amir Bashir. Golnar Golpayegani. Diana Kasovski. Family Law. Divorce Act 1968. Divorce Act 1985. Objectives ... – PowerPoint PPT presentation

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Title: Family Law: Divorce and Division of Assets


1
Family Law Divorce and Division of Assets
  • Amir Bashir
  • Golnar Golpayegani
  • Diana Kasovski

2
Family Law
  • Divorce Act 1968
  • Divorce Act 1985

3
Objectives
  • To Lay Out Guiding Principles for Who Can Apply
    for a Divorce and What Are Acceptable Reasons for
    Divorce
  • To Lay Out the Guidelines for the Following in
    the Event of a Divorce
  • Child Support
  • Spousal Support
  • Custody and Access Orders

4
Eligibility for Divorce
  • Who Can Apply for a Divorce in Canada?
  • Legally Married Couples
  • Intend to Live Separate Permanently
  • Live in Canada for at least One Year
  • Acceptable Reasons for Divorce
  • Living Separately for One Year
  • Adultery
  • Physical and/or Mental Abuse

5
Division of Assets
  • How is Property Divided?
  • 5 Steps
  • Equalization Payment

6
(No Transcript)
7
Who Benefits Most/Least from this Division?
  • Advantage- Person with Fewer Assets
  • Ex. Maria
  • Disadvantage- Person with More Assets
  • Ex. George

8
Criticism
  • Divorce may not be Economically Efficient

9
Recommendation
  • Longer Waiting Periods
  • Cost-Benefit Analysis

10
Counter-Argument
  • Divorce can be efficient

11
Recommendation
  • Reduce or Remove Divorce Penalty
  • Implement Social Services for Children

12
Conclusion
  • Consequences for Children of Divorce
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