seperation

Anonymous Asked:

i have a buisness of which I am the sole income earner.
I had made my wife a 50 percent director in the buisness.
Once i apply for seperation is she entitled to half of the company earngs after theb date of the seperation. Must I remove her from the directorship of the company to avoid her recieving 50 percent of earnings made after seperation agreement is signed.

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Lorrie Stojni, BA, MA, LLB

11 years ago

I suggest you consult with a lawyer regarding the division of your property. The value of your business will be included in the division of your assets.

The issue of earnings from the business is separate from the division of property. There are also spousal support issues that may need to be considered.

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