Whether you, or someone you know, are beginning the separation or divorce process, already in negotiations or sitting in a holding pattern Financial Divorce Solutions is available to assist.
“Divorce is the one human tragedy that reduces everything to cash.” Rita Mae Brown
The month of January is known as Divorce Month and for many it is the time to get the process started, evaluate your options or make the final decisions.
Here are a few questions to consider:
What am I risking by not moving forward?
What are my tax consequences?
What are my options regarding the Family Business, Professional Corporation or Income Property?
What can I do to ensure I will be OK financially?
What about the children and their financial needs?
Find out more about how Financial Divorce Solutions can help you make the best financial decisions for a better outcome.
Valuing a Professional Business
Reduce the cost of valuing a professional practice upon divorce using Collaborative Law, by Nathalie Boutet
Valuating a professional practice when there is a separation may be emotionally charged and costly because of the subjective nature of business valuations, especially professional businesses. Read more to find out what elements of a professional practice may have value for division of assets and how to more easily reach agreement on these issues.
Using a Chartered Business Valuator
Involvement of the Chartered Business Valuator in the Collaborative Law setting, by Corey Miles
There are a number of circumstances which lead to the requirement of a business valuation being prepared. Some of these are matrimonial disputes, potential sale of the business, obtaining financing and the transfer of a business to the next generation. Read more.
I hope this newsletter has you thinking about the risks associated with all the financial aspects of a separation or divorce. Every situation is different, since we are all unique individuals and the years together as a couple will affect the communication and emotional decision making for each person. Emotional risks become considerations as they relate to the process used. Will you use a Family Mediator and keep things amicable or will you need to go to court and let the Judge decide? These decisions bring about legal risks. While almost every decision you make will have a financial impact, both now and in the future, should you risk making decisions without the benefit of an accredited Chartered Financial Divorce Specialist (CFDS)?
Gail Belchior, BA/BEd, PFP, CFDS
Financial Divorce Consultant
It was an absolute pleasure to work with Gail on one of my first collaborative family files! She is the epitome of professional excellence and having her as a member of the collaborative team to provide guidance and expertise in terms of the financial issues was the key to our success.
Vicky M. RinguetteLawyer, Notary Public & Mediator
Gail was always there for me whenever l needed her, since l am an older client it was hard for me to understand the workings of the court, Gail always walked me through the process, without tiring of me repeating my questions, until l got it. Gail is an amazing, qualified, kind person, and l
Gail, your comments and assistance are appreciated and certainly were instrumental to bringing this file to a resolution. This would have been a greater challenge without your help! Thanks so much. We will be sure to share the Separation Agreement with you once complete and of course reach out during or after the next meeting
Elizabeth UrbanBarrister and Solicitor, Collaborative Practitioner
My thanks to Gail for all her help during such an emotional time. She explained what to expect from the courts and worked on an offer that was best for both of us. We would not have been able to mediate a settlement without her. We first met Gail in late 2014 but didn't start
Going through changes in life are difficult. Gail Belchior was, and continues to be, an empowering person. I was able to navigate through the necessary paper work with confidence and had a genuine understanding of what needed to be done. The process was clear, organized, focused and very timely. Having had Gail work with me
Mary AnnA Very Grateful Client
I can't believe it's really all done, Gail! And I can't imagine having done it without you. Thank you SO MUCH for your guidance through it all. And your referrals to Erik and Sandra. They too were so integral to the outcome.
I've known Gail for many years and find her to be a dedicated and caring person who works closely with her clients to provide options for the best possible financial outcome.
George MartyniukFinancial Advisor, Manulife Securities
Gail's experience and insight helped me through a troubling period, saving both time and money over normal legal fees! I would recommend her and her services.
Being able to work with Gail makes the future financial picture clearer so it's easier to make decisions today.
Barbara EndePresident, Sycamore Marketing Group Inc.
I have enjoyed working with Gail on numerous files. She brings neutrality and financial expertise which provides great value for spouses going through a separation. Gail's mediation training is especially useful in managing/diffusing what is often a very emotional and difficult time for many people.
Erik GrinbergsFamily Law Lawyer
Very early on in our separation, it was recommended to me by a few people that we should perhaps consider securing the services of a mediator to assist in the process of arriving at a final separation agreement. We did just that, and we have worked through this potentially stressful exercise with Gail Belchior. I
Client writes regarding Future Lifestyle Projections……Just catching up on emails after another week away. This has been great and given me a great planning and assessment tool. I'm a little concerned for work consistency right now, but all I can do is continue on my same path and continue to network in Toronto. I'm comfortable
The emotional toll of divorce is hard enough and to add the stress of dealing with the financial implications is overwhelming. Gail provides an invaluable service and provided options on how to deal with separating your financials and allowing you to move on with your own life. Without Gail's assistance the process of separating would
Gail is very friendly and knowledgeable. And that the work is thorough and you are guaranteed to know way more about separation/divorce than when you started which makes you feel a lot BETTER.
I wanted to say, Thank you again for chatting with me a couple weeks back; I found it extremely informative. You definitely have introduced a great service to those going through difficult times!
I want to thank you for all your help and support - you were instrumental in helping me weave through this difficult process. I am now officially separated - the judge signed on Monday. I am officially a home owner - as of last Friday. The pension is in the process of being transferred to
Gail, Thank you again for the information and advice you've imparted and the warmth with which you do. It is much appreciated! You truly are one of a kind.
Gail was chosen by my wife and I to address the financial solutions of our separation in a compatible way. This being a very emotional stressful undertaking I found myself concerned with the feelings that, being female, Gail may naturally side with my wife. During all of our sessions I soon realized nothing could be
Just wanted to thank you once again for being part of our meeting yesterday with my lawyer. You will never know how much I appreciate having you there to help me with the decision. I slept so much more soundly last night. Even with the storm going on. It was a pleasure meeting you both
Thanks once again for your work on our behalf. It is always such a pleasure dealing with you even though we have to discuss such and sort out our sensitive financial and family support matters with you. Also I appreciate your views on the bigger picture of the support and care for our young adults.
My brother referred me to you. I really want to thank you so much for taking the time to talk with me today. You gave me some very good advice and recommendations. It was very helpful and you have a useful website too. I joined your mailing list. I appreciate your consult and clarity in
We finally got our separation agreement signed off by our lawyers in early March 2015 with very minor changes, so we want to send you a huge, overdue thank you for the work you did for us in creating the financial statement and parenting plan and Family Mediation document. We are happily separated now and