By Referral Resource Julie Brough, CFA, CFP Strangely enough, few people know very much about the person they entrust with their financial security. It continues to surprise me how little the financial services industry has done to educate their clients to the different skill sets and services available within the industry. As a result, investors
Sam was angry. He and his spouse were separating over the refusal by Ali to become fully employed. Sam’s years of gentle encouragement that his spouse gets a full-time job quickly morphed to strong demands to downright yelling matches. Nothing changed. No job hunting. No interviews. No work. Sam didn’t want to break up over
In Ontario, the default position on the division of marital property is the equal division of the difference in value of each spouse’s property. Property is valued on both the date of marriage and the date of valuation. The date of separation may be a different date than the valuation date. The definition of property
Whether clients are married or cohabiting, separation is an emotional and often stressful time. Once the terms of an agreement have been reached on how the negotiations will proceed -collaborative approach, mediation, or traditional negotiations - from there it’s a matter of gathering all the relevant documentation to prove ownership and value. What happens when
Belinda would boast to her colleagues how proud she was that her spouse didn’t have to work. She earned enough for the family and they lived well. Once the children were in full-day school, that song changed. Her family company was bought out and staff redundancy planning was well underway. Belinda’s encouragement of her husband
There’s no question that older adults after decades of marriage are saying “enough!” The oft-reported statistics, locally and internationally, show that this demographic group of Baby Boomers (you know who you are!) have the highest rate of separation and divorce. While it may be shocking to think of a couple who’s seen as the pillar
From a parent’s perspective: the goal is to keep the children away from their adult business. Private conversations. Absences by one or both parents at mealtimes. Hushed voices. From the children’s perspective: the emotional hurdles, the atypical outbursts and the squabbling over simple scheduling matters spell out something is amiss and very wrong. The kids
Valuations are an important part of resolving property and support issues in a family law matter. Assets subject to being valued include the matrimonial homes, family businesses, hobby farms, and securities held in investment portfolios. An income stream from investments, rental properties, and family business are also common sources from which support obligations are paid.
The spouses reflect on the positive reasons when they first came together. The pause brings calm. Calm brings meaningful discussion. Mindfully remove the animosity of the moment and understand the issue under scrutiny. Stating the problem in isolation brings clarity to then be able to resolve it. Appreciate that at all times the children know
Separation ? Loss, pain, fear, expensive, loss of identity, freedom? Unable to breathe, loss of benefits, unanticipated, amicable resolution? About Children? Love, anguish, cherish, mischievous, all mine, schedules and more schedules! Disciplined, protect- them- for- the- rest- of -their -lives, comfort, chores, fear? Inexperienced, distant, loud, supporting, trusting? Your Home? My neighbourhood, expensive, safe, family
A recent cluster of new clients isn’t simply seeking information. They’re designing their new future, one where their interests dominate. They are selecting a hipper part of town away from the suburbs for their new downsized home. They are arranging shopping trips for the big-ticket items they have always coveted. And, in their minds, they’re
Today’s family law negotiations are all about the numbers. The value of assets, the amount of support, and the cost of living. The numbers tell who will receive how much, directs us to consider tax considerations, and the timing of the payments. And that’s exactly what you want to know when negotiating a marriage contract,
