News Release: Tax Season Brings Added Stress to Divorce Process

Tax season is officially upon us. It is a stressful time of the year for the average person as they are faced with the annual task of getting their finances in order. This can be an even more tense time for those going through a separation or divorce. Financial anxieties are often a key reason leading to breakdowns of relationships, which is why the participation of a financial expert is essential in divorce or separation processes. Collaborative Practice Ottawa represents lawyers, family relations counselors and financial advisors; all key contributors to ensure equitable resolution should a marriage reach its end.

“When going through a divorce, panic can set in, particularly when it comes to family finances and tax season can bring added stress to an already difficult process,” said James Jeffcott, President of Collaborative Practice Ottawa. “Calculating wealth is a difficult exercise for everyone, and the complexities of separation may require a financial professional who can work with couples cooperatively to take some of the uncertainty out of the process.”

Collaborative Practice Ottawa is a coalition of lawyers, financial professionals and family relations counselors who work together with couples to bring a respectful, balanced and equitable conclusion to their relationship without resorting to the court system.

Building a stable financial future in the wake of a separation is not a simple process but is extremely important,” added Jeffcott. “Inevitably, questions will arise on how a divorce will impact the assets that have been built up over the course of a relationship and it’s very useful to have a professional on hand to answer the difficult questions right at the outset.”

Collaborative Practice Professionals believe in negotiations based on respect, where there are no winners or losers. They believe that all disputes can be resolved with each party feeling satisfied with both the outcome and how it was reached. Collaborative Practice is a customized, affordable alternative to litigation and mediation and provides essential tools separating couples need to have an amicable divorce. Collaborative Practice Professionals offer a non-confrontational, cooperative, and efficient process that meets the needs of families — especially those co-parenting children.

“Divorce is multifaceted and for that reason involving different specialists to help is crucial,” concluded Jeffcott. “Collaborative Practice Ottawa includes financial professionals among many others to help navigate what tends to be a complicated process.”

Collaborative Practice Ottawa is a coalition of lawyers, financial professionals and family relations counselors who work together with couples to bring a peaceful and equitable conclusion to their relationship without resorting to the court system. They represent over ninety Collaborative Practice Professionals in Ottawa.

For more information, please contact:
Emily Reid, public relations
Telephone: 613.233.8906, Cell: 613-796-4708, E-mail: emily@impactcanada.com

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