Would Elena be entitled to any assets acquired during the marriage? If so, how so, if not, why not? How would the division of assets be calculated?

Assignment Question

Read fact scenario and provide long answer to the questions

Long Answer – Fact Scenario Igor, born May 5th, 1974, and Elena, born September 20th, 1977, have been married for 35 years and have three children, two if which (Katerina, aged 28 and Sven, aged 27) are now fully grown. All members of the family were born in Toronto, ON. Justice, aged 15, is the youngest and is involved in competitive wrestling. The cost of his wrestling is $950.00 per month. The couple has been separated as of March 18th, 2021. Justice resides with his mother, Elena. Katerina and Sven moved out years prior to their parents’ separation. Igor is a dentist. Elena worked as a law clerk in the early years of the marriage and supported the two of them while Igor attended dental school full-time. Once the children were born, Elena stayed home with them full time, and has not worked outside the home for 30 years. Elena does not want to commence divorce proceedings but requires spousal support. During their marriage, the couple acquired the following assets (values are in Canadian dollars (CAD)): 1. Artwork by Vincent Van Gogh: $12,000.00 2. 2021 Lamborghini Urus SUV: $380,000.00 3. 2020 Cadillac Escalade: $95,000.00 4. Custom household furniture appraised at: $250,000.00. 5. 2015 Yamaha speed boat appraised at: $10,211.00. 6. Cottage in Muskoka appraised at: $1.7M

Answer the following questions: Elena has sought legal counsel from your law office, Sloane and Stevens LLP. She would like to know the following:

1. Is Elena entitled to support from Igor? What type(s) of support would she be entitled to? Why or why not? Explain your answer, referring to the appropriate legislation

2. Would Elena be entitled to any assets acquired during the marriage? If so, how so, if not, why not? What assets would Elena be entitled to? How would the division of assets be calculated? Provide support for your assertions and the applicable legislation.

[order_button_a]