BUSI 2601 Lecture Notes - Lecture 8: Canada Pension Plan, Life Insurance

• School: Carleton University
• Department: Business
• Course: BUSI 2601
• Professor: Sam Schwisberg

Document Summary

Family law and property: co(cid:373)(cid:373)o(cid:374) la(cid:449) spouses ha(cid:448)e (cid:374)o statuto(cid:396)(cid:455) (cid:396)ights i(cid:374) o(cid:374)ta(cid:396)io, (cid:271)ut so(cid:373)e p(cid:396)o(cid:448)i(cid:374)(cid:272)es ha(cid:448)e (cid:271)ee(cid:374) changing this, p(cid:396)ope(cid:396)t(cid:455) (cid:396)ights (cid:272)a(cid:374) e(cid:448)ol(cid:448)e u(cid:374)de(cid:396) (cid:272)o(cid:373)(cid:373)o(cid:374) la(cid:449) th(cid:396)ough the (cid:272)(cid:396)eatio(cid:374) of a (cid:272)o(cid:374)st(cid:396)u(cid:272)ti(cid:448)e t(cid:396)ust, Civil service pension with actuarial value of ,000. O, (cid:455)d(cid:374)e(cid:455)(cid:859)s total (cid:449)o(cid:396)th is ,000 at the date of marriage. Assu(cid:373)e ja(cid:373)ie(cid:859)s o(cid:374)l(cid:455) asset on marriage is a business of which jamie is the sole proprietor. During the marriage, jamie grew the business, got pa(cid:396)t(cid:374)e(cid:396)s, the(cid:455) i(cid:374)(cid:272)o(cid:396)po(cid:396)ated a(cid:374)d ja(cid:373)ie (cid:272)o(cid:374)t(cid:396)ols of the (cid:272)o(cid:396)po(cid:396)atio(cid:374) (cid:894)j inc. (cid:895). Ja(cid:373)ie(cid:859)s sha(cid:396)e is now worth ,010,000 on the date of separation. ,000 in the matrimonial home equity and million because of the business during the marriage (date of marriage to date if separation. Ja(cid:373)ie(cid:859)s (cid:449)o(cid:396)th during the marriage has increased by m more than sydney, so jamie owes. Implications for j inc: ja(cid:373)ie (cid:449)ill ha(cid:448)e a ha(cid:396)d ti(cid:373)e fi(cid:374)di(cid:374)g (cid:373)o(cid:374)e(cid:455) to pa(cid:455) (cid:455)d(cid:374)e(cid:455) (cid:271)e(cid:272)ause ja(cid:373)ie has put everything into the business.