Understand the process and benefits of divorce mediation. Divorce mediation is a collaborative process where a neutral third-party, the mediator, helps the divorcing couple to resolve disputes amicably. The mediator facilitates communication and negotiation, allowing [...]
Mediation ground rules are guidelines set to ensure productive negotiations. During divorce mediation, establishing ground rules helps create a respectful and structured environment. These guidelines can include maintaining confidentiality, allowing equal speaking opportunities, and focusing [...]
The subscriber(s) who opened the RESP typically maintain control, but this can be addressed in your separation agreement. Under Canadian law, the subscriber who opened the RESP maintains legal control of the account after separation. [...]
While legally possible, withdrawing RESP funds during separation is rarely advisable as it reduces your child's education fund and may trigger penalties. Although you may technically be able to withdraw your contributions, doing so can [...]
Post-divorce RESP contribution arrangements should be based on each parent's financial capacity and formally documented in your separation agreement. When structuring ongoing RESP contributions after divorce, consider approaches that reflect each parent's financial capacity. Common [...]
If your ex stops contributing to the RESP, review your separation agreement for enforcement options or consider adjusting your approach to education savings. When your ex-spouse stops making agreed-upon RESP contributions, first check your separation [...]
The decision between maintaining one RESP or creating separate accounts depends on your specific situation and ability to cooperate after divorce. Maintaining a single RESP offers advantages like simpler administration, maximized compound growth, coordinated investment [...]
Pre-marriage LIRA value is typically excluded property that can be protected with proper documentation. Yes, here are ways to protect LIRA assets acquired before marriage: Excluded Property: In most Canadian provinces, the value of your [...]
The basic formula is Separation Date Value minus Marriage Date Value equals Matrimonial Portion. Calculating the matrimonial portion of a LIRA follows this fundamental formula: Value at Separation Date - Value at Marriage Date = [...]
Investment losses during marriage are typically shared between spouses just like gains would be. Market fluctuations affect LIRA values and if your account has decreased in value during your marriage, that reduced value is the [...]
At DTSW, we understand your emotional and financial challenges during a separation or divorce. Our Soft Landing Divorce Settlement Method is designed to provide a transparent and fair resolution, minimizing conflict and stress.
Our highly skilled Family Mediators and Certified Divorce Financial Analysts are dedicated to meeting your unique needs, guiding you through every step with compassion and expertise, ensuring you feel supported and confident in your decisions.
Remember, you don’t have to navigate this difficult time alone. Let us be your guide as you transition smoothly to a new chapter in your life. Schedule a Get Acquainted Call today and take the first step towards a brighter future, knowing that you have a supportive team by your side
