What is a Divorce Financial Expert?

What is a divorce Financial Expert

Traditional financial advisors, have had little or no training specifically related to the financial issues that surround divorce. This is why if you are contemplating divorce, you need to find someone who has the training and expertise around divorce specific financial issues. 

The Importance of Financial Advice During Divorce

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo. Will I Be Financiall OK After My Divorce? Divorcing is just hard – and it usually comes down to kids and money. On top of worrying about your family, one of the biggest concerns people have is […]

Spousal Support

Divorce or separation will sometimes mean one partner paying spousal support to the other partner. Spousal support is applicable to married partners and sometimes common-law relationships. The one receiving spousal support can be a husband or a wife (gender neutral) and applies top all relationships including same-sex relationships. Spousal Support is usually paid by the partner with higher income to the partner with the lower income. The receiving partner is “Support Recipient”. The paying partner is called “support payor”.

How To Calculate Child Support

The Child Support Guidelines determine the basic monthly financial support to be provided by the paying parent. These are set out in the Government of Canada’s child support tables. They are calculated by taking into account the total gross annual income of the parents and the number of dependent children.

How Is My Income Used to Calculate Child Support?

The monthly amount of child support is based on the Provincial Child Support Guidelines and the Government of Canada’s Child Support Tables. The total amount is determined by the gross annual income of the paying parent and the number of dependent children.

Do I Still Pay Child Support If My Ex-Spouse Remarries?

The law requires all parents to provide financial assistance to their children. This assistance will be provided by a birth parent or an adoptive parent. Sometimes, the law may even require step-parents to pay child support as well.

CHILD SUPPORT: The Who, What’s, and Where’s

The law requires all parents to financially support their dependent children. Children are “Dependent” until the age of 18 years or sometimes older in extra-ordinary such as post-secondary education. The parent of the child can include the birth parent, a non-birth parent, an adoptive parent or even a step-parent. Therefore, potentially any person having parental status must support their children.

Financial Mistakes To Avoid During Divorce

Expensive Divorce Mistakes

Divorce tends to be one of the more financially stressful times in a person’s life. No one enters the divorce process intending to spend thousands of dollars, yet many end up financially devastated because of common mistakes. Avoiding these big financial mistakes will help you hold on to hard earned money.

What to Expect When You’re Getting a Divorce

What to Expect During Divorce

Planning a separation and divorce can sweep the legs out from under you, especially when you have never been here before. But that does not mean the entire divorce process needs to be the same way as long as you can plan, be patient and more than anything else be realistic about what is going to happen next.