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nussbaumfamilylaw · 1 year
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What can a prenuptial agreement cover in Canada?
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A prenup in Canada is a legal document that outlines an agreement between a married couple concerning their rights and obligations. But what issues or provisions go into a prenuptial agreement? A prenup can protect almost anything of value.
Working with a marriage lawyer in Toronto and other cities in Toronto is an excellent step. It can help ensure all essential matters are discussed and written in compliance with Ontario’s Family Law Act. When entering a prenuptial agreement, you and your future spouse can include the following stipulations.
OWNERSHIP OR DIVISIONS OF PROPERTY
One of the issues married couples deal with in divorce or separation is determining how to divide their assets. Division of property can be complex, but a family lawyer can help you explore your options. 
Without a marriage contract or prenuptial agreement, their property will generally be allocated based on the laws of Ontario. Married couples are automatically entitled to an equalization of net family property or equal rights of the profits of their marriage. The end of a marriage or the death of a spouse sets off the right to equalization.
That means if you don’t have a prenup, you must split all property acquired during the marriage equally. The reason for divorce does not matter. The same applies to the increase in value of any property spouses owned before getting married. 
The good news is that each spouse could protect significant assets they brought into or earned separately during the marriage. Through a prenuptial agreement, married couples can decide the handling of their property.
SPOUSAL SUPPORT OBLIGATIONS
A non-earning spouse may seek spousal support to live independently in the event of divorce. A court will typically examine numerous factors when awarding spousal support to the potential receiving spouse. 
Some people hesitate to sign a prenup because they believe its primary purpose is to avoid alimony. But without a prenuptial agreement, spouses will only rely on default state laws when their marriage ends. In most cases, this can lead to a long and frustrating court battle. 
Having a prenup allows married couples to choose the terms for spousal support obligations freely. They can agree on a predefined alimony amount and what conditions to seek spousal support when separating or to break up. 
Contrary to what others believe, a prenuptial agreement can help guarantee the right to spousal sport in the event of divorce. This will give married couples more peace of mind as they enter the marriage. 
PROVISIONS FOR THE EDUCATION AND MORAL TRAINING OF THEIR CHILDREN
A prenup in Ontario, Canada, doesn’t only protect both spouses. It can also provide legal protection for your children. If you or your spouse don’t yet have children, you can include specific provisions for them in the prenuptial agreement. 
Specifically, a prenuptial agreement allows married couples to plan how any existing or future children will be brought up morally and educationally. You and your spouse can agree on the following specifications in your prenup. 
ANY OTHER MATTER IN SETTLEMENT OF THE SPOUSES’ AFFAIRS
A prenuptial agreement can also cover expectations concerning your marital responsibilities. Note that you may not include non-financial duties like who will be responsible for taking out the trash every week. But you can have the following specifications in your prenup: 
Learn more about Prenuptial Agreement in Ontario
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aemilius-cupero · 1 year
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Protect yourself & your loved ones from email scams with Aemilius Cupero! Our blog post provides detailed, accurate information on the current email scam trend. Get the facts & stay informed - start reading now & keep yourself & your family safe online. With Aemilius Cupero, you can rest assured that you have the tools to make informed decisions about your digital security.
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calculuslegal · 1 year
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Calculus Legal
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Calculus legal is a boutique law firm, having an all India presence through its alliance with local counsels at different states of India . Being a full time law firm, it has potential of providing legal services on all aspects of client’s business. We are modern and inclusive in our outlook, having a solution oriented approach. At calculus legal, we believe in establishing strong & enduring relationships with our clients by ensuring that we are always available to attend to our client’s needs. We are transparent in our working & commit ourselves to time bound and cost effective advice that project our client’s interest every time.
Areas of Expertise:
Criminal Law & Bail Matters, Family Law, Civil Law, Labour Law & Service Matters, Customs & Excise, Lawyers For Corporate Law, Lawyers For Cyber Law, Vetting & Review of Legal Agreements, Consumer Complaints
You can contact us for a free consultation with our experts just by calling at +91 9717705300 or visit us at www.calculuslegal.com
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litem-legalis · 12 days
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Are copyright, patents and trademark renewable?
Copyrights, patents, and trademarks are forms of intellectual property protection, each serving distinct purposes in safeguarding creators' rights.
Copyright protection grants exclusive rights to creators of original works, for a fixed period. Copyrights automatically expire at the end of this term, and they are not renewable. Patents, on the other hand, protect inventions and innovative processes, granting exclusive rights to the inventor for a limited time, generally 20 years from the date of filing. Unlike copyrights, patents are renewable but require regular maintenance fees to keep them in force throughout the protection period. Trademarks are symbols, names, or designs used to identify and distinguish goods or services in the marketplace. Trademark protection lasts indefinitely as long as the mark is in use and properly maintained.
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pressnewsagencyllc · 23 days
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EU Sanctions enforcement - ever closer union?
Two years after the invasion of Ukraine and a notable variance in the enforcement of EU sanctions by EU Member States in the intervening period, the EU is moving closer to setting minimum levels of maximum criminal penalties across the EU and some EU states are leading the charge. Variation across the EU Historically, the implementation and enforcement of European Union (EU) sanctions, including…
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willsandtrusts · 28 days
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Wills & Trusts Wealth Management offers a holistic approach to wealth management, combining chartered financial planning, legal advice, estate planning, and accountancy services. With over 30 years of experience, our firm ensures your wealth is protected, grown, and enjoyed. Whether you're planning for retirement, investing, or securing your family's future, our team provides personalised strategies to meet your long-term goals.
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lawyers24 · 3 months
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Sunil Shelke, Founder and CEO of Abhita Land Solutions Pvt. Ltd. & film producer
Directors of the following companies
Abhita land Solutions Pvt.Ltd. Abhita Films production Pvt. Ltd. Abita Finance Advisors Pvt. Ltd. abhita Agro industries Pvt. Ltd. Abhita Properties Pvt. Ltd.
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jonathansrosen · 6 months
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The Sentinel of Justice and Wisdom: Guiding You Through the Legal Labyrinth
In the vast tapestry of the legal realm, where intricacies weave a labyrinth of uncertainty, there exists a guardian of justice and wisdom, none other than Jonathan S. Rosen. With unwavering resolve, he emerges as the sentinel, the guiding star through the maze of laws and rights.
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approxpropertyjaipur · 7 months
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Remembering the father of our nation, Mahatma Gandhi, on his birth anniversary. His ideals of truth, non-violence, and peace continue to inspire generations. Let's strive to live by his principles and create a better world. Happy Gandhi Jayanti! ✨
www.approxproperty.com
#approxproperty #approxpropertyjaipur #GandhiJayanti #MahatmaGandhi #PeaceAndNonviolence #Inspiration #property #advnitikjain #fatherofnation #PropertyConsultant
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aemilius-cupero · 1 year
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legalsuvidha · 7 months
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johnmarksamuel004 · 7 months
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The Cost of Expat Financial Advice
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Financial advice is an invaluable service, particularly for expatriates navigating the complexities of living overseas in a country with a different tax regime, social security system and currency. However, thousands of expats do not access professional financial support, often because of an assumption that a skilled financial adviser will be unaffordable.
One of the many considerations is that the role and focus of a financial adviser is to help you make good judgements, to preserve your wealth and improve your financial position – the fees payable will typically be a fraction of the amount you may save by avoiding inadvisable decision-making or choosing high-risk investments.
In this article we explain how expat financial advice costs vary and explore some of the reasons hiring a financial adviser may be the best investment you can make.
Factors That Influence the Costs of Expat Wealth Management Advice
Costs are, of course, important, and a credible wealth management for expats firm will provide transparent fee structures and information before undertaking any work. Many local financial advisory teams will offer complimentary initial consultations to help you assess the knowledge on offer and discuss potential fees related to the advice you require or tasks you’d like a financial adviser to undertake.
Chase Buchanan does not provide standardised fees for the simple reason that every client is different and will need alternative advice and assistance adapted to their financial goals and aspirations. As a rough indication, wealth management costs are an average of between 1% and 2% of the assets under the supervision and management of a portfolio manager.
There are numerous variables that will affect the cost of professional expat financial planning and advice, which we explore below.
Scope of Financial Advice
Meeting with an adviser as a one-off to seek guidance about an individual transaction or ad hoc property purchase will carry different fees from an ongoing service where you work closely with your adviser to create a long-term investment and wealth management strategy.
Most accomplished wealth managers and advisers collaborate with clients over many years, getting to know their goals and aspirations and adjusting their services as their clients’ wealth grows or investment markets shift.
The Complexity of Your Affairs
Many expats need specific advice about restructuring assets, transferring pensions to a new country or establishing tax residency status. The more complex and intricate your financial planning needs, the more time an adviser will spend evaluating options and crafting projections and outlines to showcase the detail of the products or approaches they suggest.
Tasks Assigned to a Financial Adviser
Many financial advisers will offer a broad scope of services, from arranging tailored insurance coverage and education fee planning to more in-depth financial planning and tax management. If an expat hires an adviser for a particular task, such as facilitating a UK pension transfer and advising on the best-suited options or setting up a trust and helping them write a will, this will carry a different cost than ongoing estate or succession planning.
The Quality and Experience of Your Adviser
As in any professional sector, the more capable and experienced your financial adviser or wealth manager, the higher their fees may be in relation to the services provided. However, along with this level of proficiency comes the assurance that the advice you receive will be highly specific, independently assessed and designed to deliver the best possible outcomes for you.
The variations in regulatory standards around the world can also mean that local advisers are not bound by the same codes of conduct as in the UK, so it is important to research any prospective advisers and be satisfied they are competent and qualified.
For example, an adviser representing a bank or lender can only suggest products that the institution provides, and some businesses referring to their services as ‘financial planning’ may not be subject to regulatory oversight.
Chase Buchanan always advises expats to work with regulated, independent and established financial advisers to ensure the recommendations they receive are tailored to their requirements and take into account the full picture of their financial and residency status.
Risks of Making Financial Decisions without Professional Guidance
An HSBC report found that only a tiny proportion of expats seek help from a professional financial adviser – 91% go it alone and make decisions based on their own assumptions, personal research or instincts.
The cost of either underpaying for low-quality advice or making consequential decisions about your financial affairs can be extremely high, as demonstrated in the same report, which shows that  expats find their finances difficult to manage, with 52% of those saying it was due to their tax situation.
Among the most prevalent goals, 60% of expats surveyed said retirement planning was one of their primary objectives. Yet, without bespoke expat financial advice, it is highly unlikely they will have full access to the breadth of pension planning and investment products available, many of which offer tax efficiencies and other advantages.
Assessing the True Value of Expat Financial Advice
The value of your expat financial advice and the fees payable are not always directly linked. It is vital that any advice you rely on to make hugely impactful judgements, such as choosing how to manage your pension funds, understanding tax obligations, buying a property overseas or transitioning an investment portfolio, is valid, relevant and accurate.
With more and more people choosing to relocate to seek better living standards, a warmer climate and career opportunities, the knowledge available from experienced advisers specialising in expat wealth management can be impossible to quantify.
Advisers map out your wealth, assets, income and tax status, provide detailed suggestions to explain various options and the pros and cons of each, and offer advice to ensure any decisions you make benefit your overall finances and are consistent with your aims.
Our article evaluating the Value of Your Financial Adviser during a Crisis provides further insights. It explains why your adviser’s support and suggestions can be necessary to making sound, informed decisions about your finances and wealth, particularly during difficult periods.
For more information about expat financial advice, tax and residency guides, services or the indicative fee structures linked with portfolio management, please get in touch with your Chase Buchanan Wealth Management local office at your convenience.
Resource URL: - https://expatfinancialadvisor.blogspot.com/2023/09/the-cost-of-expat-financial-advice.html
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litem-legalis · 19 days
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What is filing a trademark objection?
Filing a trademark objection is a legal process used to challenge the registration of a trademark that conflicts with existing trademarks or violates legal requirements. When someone believes that a trademark application should not be granted, they can file an objection with the appropriate authority, such as the trademark office. The objection must provide specific reasons why the trademark should not be approved, such as similarity to an existing trademark, lack of distinctiveness, or violation of public order or morality.
The objection triggers a review process by the trademark office, where they assess the grounds for the objection and the validity of the trademark application. Both the applicant and the party filing the objection may present arguments and evidence to support their case. The trademark office then makes a decision based on these factors. If the objection is successful, the trademark application may be rejected, or the applicant may be required to amend their application to address the issues raised in the objection. Filing a trademark objection is a crucial step in protecting existing trademarks and maintaining the integrity of the trademark system.
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pressnewsagencyllc · 1 month
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European Union Synthetic Intelligence Act is permitted by the Parliament
On Wednesday (March thirteenth, 2024), the AI Act – European regulation that goals to put down harmonized guidelines on synthetic intelligence – was permitted. This is likely one of the phases of the entire European Union’s venture to “form Europe’s digital future”, making certain a good and aggressive digital economic system. The textual content of the legislation is taken into account…
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