Podcasts Technology Think Smart with TMFG Episode 234: Divorce in Canada and How it Affects Your Financial Stability

Episode 234: Divorce in Canada and How it Affects Your Financial Stability

Published: Nov. 16, 2023, 4:47 p.m.

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.\xa0\n(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\xa0with the same Advisory firm(0:935): Prenuptial or cohabitation agreements(10:35): Can you survive on divided assets?(12:09):\xa0How does alimony, spousal and child support work?(13:47): Tax implications\xa0(15:54): Estate planning issues(16:11): Lifestyle changes