Financial Issues

5 Financial Risks Women Face During and After a Divorce

Divorce can have a greater financial impact on women. Unfortunately, it’s sometimes harder for women to afford a divorce and get back on their feet once it has been finalized. Read more to find out why.

7 Steps to Gain Financial Stability After a Messy Divorce

Aside from the emotional toll divorce can have on those going through it, there are also financial complications that arise from divorce. If you’ve just gone through a messy divorce and want to recover financially, read on to learn how.

Financial Fraud In Divorce: Beware of These 8 Red Flags

Here are 8 red flags of financial fraud in divorce to beware of and steps you can take to avoid getting scammed.

College Savings in Your Divorce Settlement

Don’t assume you and your spouse will split the money in the divorce, and don’t assume the money will be used for your child’s benefit. Make a suggestion for how you’ll handle your college savings for your child.

Will Your Ex Get Everything If You Die?

After separation, most individuals are cautious in systematizing their finances. Unfortunately, they are not as thorough in managing an estate plan for when they die, which indicates that a former spouse can gain more than they would have received through family court merely because the other spouse passes.

Is There a Limitation Period in Family Law?

When married couples separate or divorce, they divide their properties. In Ontario, the division of matrimonial property is based on equalization of net family property.

How Will My Family Business Be Affected By My Divorce?

A family business may not only represent an extensive investment of both money and time, but it may also be the primary source of income for a couple, and multiple other family members may also be involved in the business.

Will Receiving Alimony And/Or Child Support Payments Count As Income For A Refinancing Or New Mortgage?

If you are divorced or are going through a divorce, you might assume that receiving alimony and/or child support payments will qualify as income to refinance your current mortgage or get a new one. Unfortunately, you may discover that is not necessarily true. What you and others might consider income and what mortgage lenders consider qualified income may be two very different things.

Protecting and Improving Your Credit Before, During and After Divorce

Your financial future depends on good credit scores and clean credit reports with no derogatory items. In this article, I review the steps and offer some tips for handling your credit reports, joint credit cards, and other debts, so your credit will be protected before, during, and after divorce.