Wealth Management & Family Law Part 3: Unmarried Couples in Québec
listen now
About This Episode
In Québec, approximately 40% of couples are not married – the highest percentage across Canada. At the same time, the legal protection offered by the family patrimony and matrimonial regimes only apply to married couples.
What happens when unmarried couples separate? How can you protect yourself, your family, and your assets? Patricia Fourcand is back for our final episode on family law in Québec to explain the key aspects of family law that unmarried couples need to understand when it comes to separation or division of assets and ongoing support.
Patricia is a lawyer and partner at Miller Thomson, a large Canadian law firm with offices across the country. She has over 20 years of experience in family law with expertise including divorce, separation, and child custody. Patricia is also a fellow at the International Academy of Family Lawyers, which is a worldwide association that recognizes lawyers that are the most experienced and skilled in family law in their respective countries.
On this episode, Ruben and Patricia discuss the difference between common-law and de facto spouses, legal protection available for de facto spouses, the imbalance in protection for married and unmarried couples, how recent legal cases have created an opening for de facto spouses, why you might want to have a domestic contract with your partner, and so much more!
Thank you for listening!
Key Topics:
- The major difference between de facto and common-law spouses (2:36)
- Legal protection available for de facto spouses (4:10)
- Why the family patrimony and matrimonial regimes don’t apply to unmarried couples (6:07)
- The legislative response to the imbalance in the treatment of unmarried and married couples (7:25)
- The Eric v. Lola Supreme Court case arguing for equal rights regardless of marital status (8:50)
- How the ”unjust enrichment” theory provides an opening for de facto spouses (11:25)
- The changing use of unjust enrichment (13:51)
- Jurisprudence in Québec in cases of unjust enrichment (16:49)
- Spousal support for de facto spouses (18:13)
- When de facto spouses may be entitled to a portion of a spouse’s pension plan (19:54)
- Why unmarried couples may utilize domestic contracts (21:00)
- Patricia’s key takeaway when it comes to family law (24:02)
- And much more!
Thanks for Listening!
Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112
Follow Tulett, Matthews & Associates on social media on LinkedIn, Facebook, and more!
Follow The Empowered Investor on Facebook, LinkedIn, and Instagram
Dive Deeper: Related Episodes
The RDSP: Securing a Financial Future for Canadians with Disabilities
Learn how the Registered Disability Savings Plan (RDSP) can help secure a financial future for Canadians with disabilities by maximizing government grants, bonds, and tax-deferred growth.
Maximizing the Disability Tax Credit: Key Insights for Canadians
Explore the Disability Tax Credit and learn how this underutilized benefit can support Canadians with disabilities and their families. Discover eligibility, application tips, and more.
Expert Strategies and Insights for Preparing to Sell your Business
Are you thinking about selling your business but unsure where to start? Wondering how to maximize its value and attract the right buyers? This episode offers invaluable insights to help you navigate the complex selling process and secure your financial future.
Stay on top of your financial education
Subcribe and follow to get updates on important wealth management topics.
Connect
Visit Us
3535 St-Charles Blvd.
Suite 703
Kirkland, Quebec
H9H 5B9
Connect