The Prisoner’s Dilemma is a simple yet powerful thought experiment. Imagine two people, let’s call them Alice and Bob, who are accused of committing a crime together. They are arrested and placed in separate cells with no way to communicate.
When going through a Collaborative Family Law (CFL) process, it is important to have a team of professionals to support both parties in reaching a fair and equitable settlement. One key member of this team is the neutral financial professional.
Divorce is a challenging time that can be emotionally overwhelming for everyone involved. The process can become even more complicated when there are disputes over property, finances, and child custody. However…
Divorce or separation can be an emotional and challenging time, and one of the most complicated aspects is dividing assets. Registered investments, such as pensions, RRSPs, and LIRAs, are often a significant part of a couple’s financial picture, and understanding how to divide them can be confusing.
So you are married or living together and one of you owns a property, and you are thinking about putting it in joint names. Tread carefully, this can be a minefield.
In my meetings with divorce and common law separation clients I observe that there are typically many divorces occurring at the same time for any one family experiencing separation.
Download the government of Alberta’s factsheet on Family violence during COVID-19
Family Violence Info Line Call 310-1818. Available 24/7 in over 170 languages.
Chat online with the info line at alberta.ca/SafetyChat, available daily from 8 AM to 8 PM in English.
For more info, visit alberta.ca/family-violence-prevention.
In early June 2019, I had the pleasure of participating in a podcast interview with Catherine Potter to discuss the concepts of Collaborative Practice.
The word finance evokes so many emotions in people that it can stop you in your tracks. Add in the word divorce and it becomes debilitating to a lot of people. The basic fear of not knowing what the end result will be can create more havoc, conflict, time loss, and ultimately, higher costs to reach a resolution.
The legal system is not designed for you, the individual. It’s designed for society as a whole.
A growing trend in the divorce rates in Canada appears to be for middle age or older adults. Thus the term “grey divorce”.
Spousal support is a payment from one spouse to the other to address these transitions and to recognize the investment made by the spouses in the life they have had together.
How binding is the standard clause in a settlement contract, a.k.a. minutes of settlement, that requires the parties to attempt mediation or a 4x negotiation meeting before being allowed to bring a court application?
The Teri Bonnah Memorial Bursary provides financial assistance to newer members of the ACFP(E) who wish to pursue training or education that will develop their leadership skills.
In a Collaborative Divorce, parents and their lawyers often call up a Neutral Child Specialist to bring the voice of the child into the process, and to help them make child-sensitive decisions for their kids.
A Certified Divorce Financial Advisor can help prepare budgets and provide education around this stage of planning.
The Prisoner’s Dilemma is a simple yet powerful thought experiment. Imagine two people, let’s call them Alice and Bob, who are accused of committing a crime together. They are arrested and placed in separate cells with no way to communicate.
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