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When was the last time you heard an accountant initiating a conversation with a client about the financial and legal aspects of dating, living together, engagement, marriage, separation, divorce and re-marriage?
According to Statistics Canada there are 146,000 marriages each year. Of those 38% of first marriages, and 60% of second marriages will end in divorce. [...]
Currently, as a result of Miglin v. Miglin and Plaxton v. Bailey, there is no guarantee that the
lump-sum recipient spouse will not come back 20 or so years after a divorce settlement and
request lifetime spousal support payments.
One way family law lawyers with payer clients are “covering” themselves is to include a
clause in the separation agreement [...]
Do you need answers to any of the following questions:
Do you understand the process?
Are you aware of the questions you will be asked?
Are you able to prepare your financial disclosure documents?
Are you comfortable making financial decisions on your own?
Do you need a trusted financial profession to support you?
Do you have the ability to integrate a [...]
What Is Collaborative Law?
Collaborative law is the name given to the cooperative approach between counsel and clients where all work together to resolve the problems that result from the breakdown of the relationship.
The parties and their lawyers formally agree to use collaborative strategies to reach mutually acceptable settlements to problems.
By enshrining their commitment to avoid [...]
In most divorce cases the husband has an idea of how the assets should be split and so does the wife. Are they the same? Very Seldom!
His proposal versus Her proposal…
Is it fair?
Is it equitable?
Is there a difference?
In property divisions, you trade assets back and forth until the couple agrees on a division. It means [...]
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After the family home, the division of pension is the biggest and most emotionally-laden asset to divide during a divorce.
Most spouses marry believing that they will live happily, not to mention financially securely, ever after. Moreover, most people go through their working lives looking forward to a comfortable retirement. It is therefore not surprising that [...]
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Q. “I’m not sure my lawyer has a good handle on the financial aspects of my divorce. What should I do? I am worried that my spouse will try to hide assets from me. How can I be sure I get a fair share of his business and other assets?“
You must fully understand the financial [...]
A competent accountant/financial advisor can be an invaluable resource for the client and other professionals on the client team.
Securing a satisfactory settlement, while minimizing financial and emotional costs for the client, is more likely to be achieved when a team of competent advisors is assembled who can:
Determine and articulate legal entitlement
Translate this into dollars [...]
The dollars and sense of divorce really require a big picture approach. In Canada, like the United States, there are three distinct paths to unbind and plan the perfect divorce.
We are all aware of the conventional pick your lawyer and go to battle approach than can ultimately end up in a court of law. This [...]
A Certified Financial Divorce Analyst is a professional to rely upon when drafting a prenuptial agreement or domestic contract.
Be careful what you plan for
When individuals realize that almost 50 per cent of marriages in Canada end in divorce, prenuptial agreement or domestic contract can be a good thing. When a second marriage is concerned a [...]
My husband died at the age of 59 may 24 2003
I was 57...I am 64 now
My income is 30,000
Have I ...
I was wondering my step aunty is POA for my dad and he has passed away is the POA responsible ...
After reading this, I was not too impressed with the way my mortgage renewal went! It so happens that ...
Having executed a will in accordance with all requirements what are the provisions for 'winding up ' the operation? Is ...
Correction to my posting I was under 35 years old (31 to be precise)
My husband passed away 28 years ago, I was under 25 at the time and was told I was not ...
Will I receive my old age pension if I move out of the country.
I also get CPP. 
I just sat reading most of the comments on CPP and OAP pensions. I find most of these very ...
Hi
I am getting 65 years and entitled for CPP and Old Age Security but my wife is only 59 years ...
My wife has never worked outside of the home. When she reaches 65 will she be entitled to OAS ...
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