Ending a marriage or a common-law relationship can bring about significant changes including financial implications. Spousal support is a critical aspect of divorce and or separation. Spousal support refers to the financial assistance one party provides to the other following the breakdown of a marriage or a common-law relationship.
The purpose is to address any economic disparity that may arise due to the breakdown in relationship, ensuring a certain level of financial stability for both parties. In Ontario, the determination of spousal support is based on the Spousal Support Advisory Guidelines (SSAG).
In many cases, divorcing or separating couples are able to negotiate the terms of spousal support through mediation, collaborative law or informal discussion. It is crucial to consult with a family law lawyer to ensure that your rights and interests are protected throughout this process.
Spousal support is a complex and highly individualized aspect of divorce and or separation cases. Navigating this process requires a solid understanding of the guidelines, factors determining support and the negotiation or court proceedings involved.
If you have questions about Spousal Support, please contact us for consultation.