episode: 26

Wealth Management & Family Law Part 2: Matrimonial Regime

March 29, 2021

listen now

About This Episode

Under the Civil Code of Québec, there are a number of laws that impact couples and their assets in the event of separation or divorce. For part two of this series, we’re exploring matrimonial regimes and how they affect the division and separation of assets.

Unlike family patrimony, which applies to all marriages and civil unions, couples can choose different matrimonial regimes based on their marriage contract. To give us a clear picture of which assets are impacted by the matrimonial regime and why we might want to consider having a marriage contract, we’re joined once again by Patricia Fourcand.

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 talk about the differences between the family patrimony and matrimonial regime, the types of matrimonial regimes, the benefits of a marriage contract, the differences between a marriage contract and a prenup, and so much more!

Key Topics:

A key difference between the family patrimony and matrimonial regime (2:42)
Applying the law of matrimonial regime (3:56)
How a partnership of acquests is formed (4:54)
Types of property which fall under acquests (6:59)
Similarities between family patrimony and partnership of acquests (7:56)
Defining private property (9:35)
Requirements for donations to be categorized as private property (10:25)
When to choose the regime of separation as to property (12:26)
The mandatory application of the family patrimony (14:43)
Situations where a marriage contract is advisable (16:29)
Distinguishing between a marriage contract and a prenup (18:01)
How Québec laws make marriage contracts more equitable (20:07)
Navigating tough discussions about marriage contracts (21:54)
And much more!

Mentioned in this Episode:

Meet your hosts

Keith Matthews

Partner & Portfolio Manager

Ruben Antoine

Portfolio Manager

Marcelo Taboada

Associate Portfolio Manager

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

Related Episodes

An Investor Guide to Inflation

Nov 7, 2021

In this episode, Marcelo and Keith talk about why the current inflation rates are a problem, how we got here, the big debate on how long these rates will last, implications for you as an investor, and so much more!

Death & Taxes: What you need to know.

Oct 13, 2021

In this episode, Ruben and Hugh talk about the role of the executor of the estate, why it’s important to work with legal and financial professionals for estate planning, the implications of not having a proper will, how different types of investments are treated after death, why the winding up of an estate takes so long, and so much more!

Tax Planning for Medical Professionals with Riccardo Zerbino

Sep 29, 2021

In this episode, Marcelo, Ruben and Keith talk about how the Delta variant has impacted investors so far, what we’ve seen in the bond and stock markets, the pitfalls you need to avoid as an investor, why your investment philosophy is your biggest asset, and so much more!