Division of Property Services Near Scarborough
Why choose us?
A full suite of services
Explore how our straightforward divorce property division service is designed to help resolve complex situations.
A proven process
Learn how our step-by-step division of property service will help you save time, money, and hassle.
Affordable prices
Our mediators offer various pricing structures for any circumstance requiring the division of assets.
Divorce Splitting of Assets Mediator Scarborough
Our Services
Our local mediators near Scarborough offer straightforward solutions for complicated situations involving the division of property. By providing an affordable yet highly professional divorce financial settlement service, we can help you efficiently and cost-effectively navigate your way out of a difficult divorce. Explore our division of assets services below.
Online Division of Property Mediation in Scarborough
Division of
Property
In Scarborough, both spouses within a marriage have an equal and legal right to continue living within the matrimonial home, until the home is officially sold to one spouse individually, sold to a third party buyer, or until a judge legally grants a court order stating one spouse must move out of the home. With that being said, when a married couple gets a legal separation while living in their matrimonial home, it is not legally acceptable for one spouse to change the locks on their ex-partner if they decide to move out once separated; according to Scarborough’s Family Law Act, there will be no legal grounds to support that decision.
When obtaining a divorce in Scarborough and discussing the division of marital properly, any property that was acquired during a marriage will be divided amongst both spouses evenly. Typically, if your spouse owns any property or other assets that are more valuable than the property or additional assets that you own, your spouse must provide you with the difference in financial value.
Online Division of Property Mediation Scarborough
Divorce &
Property
When a couple decides to divorce, they must agree upon a division of assets, which primarily includes; real estate, savings accounts, financial investments, pension plans, and the matrimonial home. Once agreements are decided upon and listed within a proper Separation Agreement, one or both spouses will have to transfer their assets to equalize and fulfill the agreed upon terms. This process is referred to as an equalization payment and an asset transfer.
Matrimonial property refers to the assets and debts that were acquired during an individual’s marriage, to which should be divided equally amongst spouses. The division of matrimonial property is set out in the Net Family Property Statement, a document the mediators uses to show the individuals what it looks like for them to leave the marriage with the exact same amount on money excluding any excluded property. The division of matrimonial property is an important part of the separation and divorce process so it is important to seek advice on the topic from a professional.
The division of matrimonial property can be extremely challenging for some couples to agree upon; therefore, couples can allow the court to decide upon these terms for you. If a couple decides to let the court divide their matrimonial property and assets, they must claim this within six years of being legally separated or within two years of a divorce being finalized.
Divorce Splitting Assets Service Scarborough
Child & Spousal
Support Calculations
Calculating and agreeing upon child support and spousal support amounts is also part of the mediation process and financial settlements.
A divorce financial settlement can involve receiving a certain amount in child support and/or spousal support each month. Working through your own budget is a good idea to make sure you can stay on top of the expenses each month. Topics of divorce finances and budgets are part of the discussions during the mediation process. The hope is that couples can use mediation as a way to finalize division of their property. During the mediation process.
Division of Assets Service Scarborough
Division of
Assets
The division of matrimonial assets is an important part of the separation and divorce process so it is important to seek advice on the topic from a professional. The separation of assets during a divorce can be extremely challenging for some couples to agree upon; therefore, couples can allow the court to decide upon these terms for you.
If a couple decides to let the court divide their matrimonial assets, they must claim this within six years of being legally separated or within two years of a divorce being finalized. According to the law within Scarborough, everything must be divided equally, regardless of who paid for it in the past or whose name is legally listed.
There are professionals and online resources that can assist couples in calculating the equalization of assets and properties during a divorce, which will support spouses in determining how to equally divide their assets and record it on their finalized Separation Agreement.
Divorce Financial Settlement Mediators Scarborough
Financial
Settlements
A divorce financial settlement can involve receiving a certain amount in child support and/or spousal support each month. Working through your own budget is a good idea to make sure you can stay on top of the expenses each month. Topics of divorce finances and budgets are part of the discussions during the mediation process.
It is crucial that both parties have a good understanding of their finances during divorce, both at the time of creating a Separation Agreement and after it is signed. The goal for many couples in mediation is to try and reach resolution on all matters and feel that the resolutions that they have agreed upon feel fair. The hope is that couples can use mediation as a way to finalize division of their property. During the mediation process.
add peace of mind with
Scarborough Mediation Service
Professionally Drafted
Separation Agreements
Divorce Property Division Laws in Scarborough
What is Family Mediation?
Division of Property can be a painful, challenging process. Family mediation is ultimately designed to make the process of divorce splitting assets less difficult, by creating an environment that will allow both parties to divide their assets amicably. With family mediation, a qualified divorce property division professional will facilitate collaboration between you and your ex-partner and help you both reach legally binding agreements on all aspects of your separation, including your division of assets and divorce financial settlement.
Together with your ex, you will build a fair, sustainable divorce financial settlement that reflects both of your interests, and leave the process with a clear roadmap for moving forward.
Local Division of Property Mediators Near Scarborough
Litigation VS. Family Mediation
Cost
$24,000 to $90,000 per couple, depending on the complexity of the situation.
$2,140 to $7,060 per couple, depending on the complexity of the situation.
Expectation
Lawyers cannot definitively tell you what it might cost to “win” your entitlements and how long the litigation process will take.
Before mediation, you will be made aware of the cost and timeframe up front.
Timing
Pre-trial alone can take a year and half and will require you to pay your lawyer throughout, regardless of whether your case goes to trial. A full trial can take anywhere from six months to several years.
With mediation, you can reach an agreed upon resolution in as little as two weeks.
Process
Both parties compete for all assets, including custody of children.
Both parties will be guided to finding middle ground regarding how various assets will be divided.
Privacy
If you go to court, you will be revealing intimate details of your life, finances, and relationship – all on record and publicly accessible.
With mediation, any intimate details or information you provide remains completely confidential and sealed away forever.
Decision
In family court, a judge will decide your future.
Through mediation, you and your ex-partner will decide what is best for each other and the future of your family.
Local Divorce Splitting Assets Service
Our Difference
We offer a complete suite of affordable in-person and online division of property services designed to facilitate
amicable resolutions regarding property division, child and spousal support, parenting plans,
and separation agreements, while providing you with a fair divorce financial settlement to help
you finalize the mediation process.
Our approach to the division of assets is efficient, effective, and ultimately intended to help you avoid the stressful and
pricey process of litigation (family court).
With over 15 years of combined experience in mediation, we have extensive knowledge of the
systems that govern and support family structures. Simply put, we have helped countless
families going through the divorce property division process. We’re here to help you navigate the
division of assets process with ease so that you can move forward with your life.
Contact us today to take your first step in the right direction.
Division of Property Mediator Near Scarborough
Our Process
Our process for in-person or online divorce property division mediation is simple, efficient, and effective. We offer convenient scheduling through our online booking platform, strive to remain responsive at every step of the way, and always ensure your utmost confidentiality throughout the entire divorce splitting assets process.
Discover our straightforward step-by-step process below.
30-45 minute joint meeting with your mediator
Both parties must attend of their own accord
Any questions are answered
Discuss the process, costs, as well as your respective wants & needs
Confidential one-on-one session with your mediator
Screening for domestic violence and power imbalances
Screening of suitability for mediation
Opportunity to discuss your feelings regarding the separation, your anxieties, worries, and goals
Your mediator guides you through discussions regarding division of property, child and spousal support calculations, and parenting plan
Agreed upon terms drafted into a Separation Agreement
On average between 2 to 3 two-hour sessions
We will draft your Separation Agreement, Net Family Property Statement, Parenting Plan, and supporting calculations based on your agreed upon terms
We will review your draft documents together prior to finalizing them to ensure all the information discussed in mediation is covered in the document
Discussion of your next steps and options for moving forward
Save Money
Avoid the costly legal fees of family court
Save Time & Hassle
Family court can be long and stressful.
Save Your Future
Don’t leave decisions up to the courts!
