Episode 234: Divorce in Canada and How it Affects Your Financial Stability
Update: 2023-11-16
Description
In this episode of ThinkSmart, Financial Advisors Rob McClelland and Mike Connon discuss common divorce statistics. They also discuss, in-depth, the financial implications of divorce, including alimony, child support, legal fees, and changes in housing, retirement planning, and estate planning.
(00:48 ): The divorce rate in Canada
(02:37 ): What about second marriages?
(03:09 ): Stats on the reasons for divorce
(06:20 ): What can potentially put off divorce?
(08:00 ): Different types of separation and divorce agreements
(08:30 ): Your options if you want to stay with the same Advisory firm
(0:93 5): Prenuptial or cohabitation agreements
(10:35 ): Can you survive on divided assets?
(12:09 ): How does alimony, spousal and child support work?
(13:47 ): Tax implications
(15:54 ): Estate planning issues
(16:11 ): Lifestyle changes
(00:48 ): The divorce rate in Canada
(02:37 ): What about second marriages?
(03:09 ): Stats on the reasons for divorce
(06:20 ): What can potentially put off divorce?
(08:00 ): Different types of separation and divorce agreements
(08:30 ): Your options if you want to stay with the same Advisory firm
(0:93 5): Prenuptial or cohabitation agreements
(10:35 ): Can you survive on divided assets?
(12:09 ): How does alimony, spousal and child support work?
(13:47 ): Tax implications
(15:54 ): Estate planning issues
(16:11 ): Lifestyle changes
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