Divorce Rules: Why is Divorce So Expensive?
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DIVORCE RULES Why Is Divorce So Expensive? Years ago I wrote a book on divorce. Having been through the process a bunch of times—I’m the eternal optimist—I believe there are better ways of handling a breakup than taking a contract out on your Ex and running up a massive cost. Thus the reason for the […]
Taking Control of Your Finances
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DIVORCE: Debt, Money and Finances Financial Responsibility Some spouses think that they are doing their ex-partner a great favour by continuing to manage the finances, or by paying a mortgage or debts. Some spouses even allow this to happen. This is not the way it works with financial control and responsibility. You are separating. Your spouse […]
Money Tips: How to Manage Money on Your Own?
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The Money Smart Divorce Solution Legal, Binding & Enforceable Separation Agreements DIVORCE MONEY TIPS 5 Money Tips: How Your finances after Divorce Starting a new life after divorce is challenging! One of the most daunting hurdles is learning how to manage the money on your own. You may come out of your relationship having never […]
5 Tips for Spending as Little As Possible Little on Your Divorce
![5 Tips for Spending as Little As Possible Little on Your Divorce 10 Gail Vaz-Oxlade and Pension Valuations and Divorce](https://www.commonsensedivorce.ca/wp-content/uploads/2020/02/coins.jpg)
The Money Smart Divorce Solution Legal, Binding & Enforceable Separation Agreements Divorce Tips 5 Divorce Tips for Spending as Little as Possible on Your Divorce According to a recent survey of Canadian Lawyers, the average cost of a litigated Separation Agreement in Canada is approaching $27,000! That is without even reaching a trial, which could […]
Tax Smart and Money Savvy Divorces
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In divorce, the real value of a settlement is not what you get in the agreement, but what’s left over after you pay Revenue Canada their share. Its hard to think taxes when the emotions are running high, but smart divorcing spouses really must consider the wide range of financial implications and tax planning issues […]
The “How To” of Value Assets
![The "How To" of Value Assets 15 Valuing Assets](https://www.commonsensedivorce.ca/wp-content/uploads/2020/02/20-dollars.jpg)
Valuing assets is not always easy or obvious. During the divore and separation process, you will need to value these items in order to properly divide your assets. Here are the top-5 most commonly asked questions about valuing assets. Valuing Assets: The Matrimonial Home There are normally two options for valuing assets like the matrimonial […]
ASSETS: 8 Do’s and Don’ts of Dividing Assets When You Divorce
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8 Do’s and Don’ts of Dividing Assets In Ontario, when two people enter into a marriage, each spouse becomes automatically entitled to an equal share of the profits of that marriage. This means that when you divorce, you and your spouse will need to begin dividing your assets so that each of you ends up […]
The Cost of Divorce
![The Cost of Divorce 19 Cost of Divorce](https://www.commonsensedivorce.ca/wp-content/uploads/2020/02/piggy-bank.jpg)
The Cost of Divorce Should I Pay For My Spouse’s Divorce Fees? You and your spouse have recently made the decision to separate. You’ve done your research and have settled on a family mediation as the process you want to use to create your separation agreement. But what do you do when the cost of […]
Family Mediation Costs Less Than Divorce Court
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Family Mediation or Divorce Court? According to a recent Bank of Montreal InvestorLine study, the average cost of a wedding in Canada hovers around $31,110, honeymoon not included. Once the price of raising children is factored in, estimated at over $200,000 per child (don’t forget college or university education!), the cost of starting a family […]
The Real Cost of Divorce Court
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There is a time and a place for court, but know that if your divorce goes to court…it is going to get expensive. Sometimes the only way we can get through to folks is to put words into dollars and cents. Going to court will be expensive…very, expensive.