FAIRSPLIT DIVORCE AND SEPARATION FINANCIAL SOLUTIONS
Don't let divorce RUIN you FINANCIALLY!
All Videos
All Videos
Lesson 3 Choosing the right lawyer
Lesson 18: Building your Divorce Team
Lesson 17: Resources
Lesson 16: Choosing the Process
TOP 3 FINANCIAL ISSUES IN DIVORCE
No matter how simple or complex, DIVORCE is always about these three important issues:
CHILDREN, SPOUSAL SUPPORT, AND PROPERTY DIVISION
CHILDREN
Child Support, Tax Benefits,
Special Expenses
You would be surprised to learn that children's needs are the most understated and overlooked financial issue in divorce.
Most parents are only focused on property division and neglect to address the high cost of raising a child.
Fairsplit has designed its signature process to capture and quantify children-related expenses (Section 7).
SPOUSAL SUPPORT
Budgets, Taxes, Projections
Spousal support is the most argued issue in divorce.
Before looking at any numbers on amount and duration, please consult your family lawyer for a legal advice on spousal support entitlement.
Financial aspects of spousal support include in-depth budget analysis of both spouses, income projections (especially for pre-retired couples), tax and interest rates considerations.
PROPERTY DIVISION OPTIONS
Date of Separation and Date of Marriage Net Worth
Which piece of the pie should I take?
It's a legal issue on WHAT one may or may not be entitled for, and it's a financial issue to choose what KIND of asset or liability is better for you in a long run. For example, real estate or investment portfolio, TFSA or RRSP, TD Bank or CIBC, line of credit or a mortgage.
Fairsplit will educate you on pros and cons of various scenarios and help you to picture New You and reconnect with your own financial goals.
