Equalization: Personal Injury Awards, Part 2

Equalization: Personal Injury Awards, Part 2

In a previous post, we discussed whether you can exclude your personal injury award from your net family property. In general, you can exclude the award if it meets certain criteria. This post explores how the timing and the structure of the award may impact whether it is shared with your ex-spouse.  The timing and structure of a settlement can determine whether the funds are treated as property or income, and whether they are shared with your spouse.

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Spousal Support: A Primer on Entitlement, Amount and Duration

Spousal Support: A Primer on Entitlement, Amount and Duration

The law generally views spousal relationships (whether married or common-law) as financial partnerships. When this relationship breaks down the spouse with a higher income or more assets may be obligated to support their former spouse, which is known as spousal support. This post will cover a general overview of spousal support including who may be eligible, how it is calculated, and for how long it must be paid.

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Your Separation and Divorce Team: Investment Advisors

Your Separation and Divorce Team: Investment Advisors

A few weeks ago, we looked at how a money coach may be able to help you during divorce to figure out how to support two households instead of one and your day-to-day finance.  In this post, Joëlle Hall, an Investment Advisor, shares how Investment Advisors can help you with accumulating the capital you need to maintain your desired lifestyle throughout your lifetime.  Joëlle reviews some important considerations when negotiating your divorce settlement, with a view for long-term planning, and highlights some important considerations for planning for your future.

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Divorce and Real Estate: Special Considerations

Divorce and Real Estate: Special Considerations

If you are refinancing your family home as part of the separation process, or purchasing a new home following your separation, support payments can play a big role in qualifying for a mortgage. Understanding how support is calculated can help you in the financing process.  There are also many expenses and budget changes related to your divorce that you should consider.

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What Are My Financial Obligations After Separation?

What Are My Financial Obligations After Separation?

If you are refinancing your family home as part of the separation process, or refinancing or purchasing a home following your separation, support payments can play a big role in the financing process.  Understanding how support is calculated can help you in the financing process, including understanding when and how your support payments can be reduced.

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