Use a legal Separation Agreement to Re-finance Your Matrimonial Home in Nova Scotia for More

/ Highlander Law Group/
Use a legal Separation Agreement to Re-finance Your Matrimonial Home in Nova Scotia for More

For most families, the matrimonial home is the most significant asset they own. Deciding how to deal with it after the breakdown of the relationship is an important decision with long term consequences. Did you know, when refinancing as part of a separation, the spouse keeping the home may qualify to refinance at a higher percentage of the value of the home than the standard maximum. The standard maximum is 80%, but the maximum for a spousal buyout can be as high as 95%.

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Do I Have to Go to Court to Get a Divorce in Nova Scotia?

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Do I Have to Go to Court to Get a Divorce in Nova Scotia?

The good news is that in some cases, you can get divorced in Nova Scotia without ever setting foot in a court house. As long as you have an agreement on the terms of your divorce you can get a “paperwork-only divorce.” And it is not as expensive as you may think.

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Consequences of Not Getting Legally Divorced in Nova Scotia.

/ Highlander Law Group/
Consequences of Not Getting Legally Divorced in Nova Scotia.

Many people who have been through a separation in Nova Scotia decide they will never get married again, so they think why bother getting divorced. While remarriage is one of the main reasons that long-term separated couples are motivated to get a divorce, there are some other important reasons you should consider.

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Why is my Date of Separation Important?

/ Highlander Law Group/
Why is my Date of Separation Important?

In family law, the date of separation is a very significant date for two reasons. Most of the time, a couple will not be granted a divorce until they have been separated for one year. The other reason is that the debts and asset of a divorcing couple are generally divided based on the value they had on the date of separation.

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Planning For Your Separation

/ Highlander Law Group/
Planning For Your Separation

Gwyneth Paltrow made headlines when she publicaly discussed her conscious uncoupling with Chris Martin. Whatever you may think of her, there is something to the idea of putting some planning and thought to your separation. Arriving at the decision to separate is hard, and it can be overwhelming to think about the changes coming your way. Planning will not make the experience painless but there are some steps you can take that can make this major life transition go more smoothly.

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