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UnRomantic Detour with Katherine Cooligan

Feb 12, 2019

Katherine Cooligan is the Regional Managing Partner of the Ottawa office of Borden Ladner Gervais. She practices civil litigation with a special focus on family law. She drafts negotiates, and reviews marriage and domestic contracts as well as negotiates separation and cohabitation agreements and addresses issues such as child support, spousal support, custody financial issues, and business issues that arise from a separation or divorce. Katherine is an author, public speaker, and has been selected by her peers to be noted in the 2019 Best Lawyers in Canada (Family Law).

 Katherine joins me today to share how wealthy individuals can protect their wealth and assets when entering into, or during, marriage or common-law relationships. She reveals how domestic marriage contracts work and how they can help avoid prolonged anguish in the case that a marriage or a common-law relationship breaks down. She offers advice on protecting the business you might own, inheritance you might receive, and the property you have. She also shares how family law can defend the passing down of generational wealth to children and grandchildren.

 

“It’s all about knowing what you are doing before you do it - and making sure you take advice or get a document that will protect an asset.” - Katherine Cooligan

 

 

Today on I’m A Millionaire...So, Now What?:

 

  • Katherine’s backstory, passions outside of work, and Borden Ladner Gervais.
  • The areas that family law covers.
  • The differences in property rights between marriage and common-law relationships.
  • Practical advice that will help couples avoid falling into litigation upon separation.
  • How the law considers inheritance received during a marriage, and why it's crucial to get to legal advice in advance.
  • The importance of consulting with a family law attorney before you set up the corporate structure of your business.
  • How a marriage contract can deal with death, as well as a separation, and why it should be combined with a will.
  • Why full financial disclosure and independent legal advice are critical when creating an agreement.

 

Katherine Cooligan’s Fun Frank Advice for Self-Made Millionaires & Wealthy Families:

  • We can pass on wealth while we are alive to our children and grandchildren. There are ways to do it that will protect that asset from being taken by a spouse.
  • There are simple things that can be done, without going the marriage contract route, for the donor of the money to ensure that the money is protected.

  

Connect with Katherine Cooligan:

 

 

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