Unconventional Wisdom

Financially Smart Divorce


Listen Later

Divorce is never financially smart!

As a financial planner, I don't recommend divorce. It's bad for your finances!

However, you can go through it in the most financially smart way – to leave both of you in the best possible position.

We have seen quite a few people go through divorce.

We've seen some total disasters, fighting for years through lawyers with monstrous legal costs.

  • A wife hiring one lawyer after another for years to keep going after her ex.

  • A dentist declaring bankruptcy to avoid paying alimony.

We have helped clients go through it amicably while talking & agreeing on what to do.

  • We can help identify the financially best way to divide assets.

  • We can show how to minimize or avoid tax when dividing assets. Paying tax means you both get less.

I am a financial planner – not a lawyer. My insights here are based on experience about how to be as financially smart as possible.

In my latest podcast episode you'll learn:

  • Why an amicable divorce is better.
  • What to be aware of with lawyers.
  • Working effectively with your lawyer.
  • How to divide your assets the most effective way.
  • Should you keep the house?
  • What happens to the Smith Manoeuvre in a divorce?
  • Should you split a pension?
  • What options do you have with spousal & child support?
  • What studies say about life after divorce.
...more
View all episodesView all episodes
Download on the App Store

Unconventional WisdomBy Ed Rempel


More shows like Unconventional Wisdom

View all
Money For the Rest of Us by J. David Stein

Money For the Rest of Us

1,361 Listeners

Money Guy Show by Brian Preston and Bo Hanson

Money Guy Show

3,242 Listeners

Build Wealth Canada Podcast by Kornel Szrejber: Investor

Build Wealth Canada Podcast

14 Listeners

The Meb Faber Show - Better Investing by The Idea Farm

The Meb Faber Show - Better Investing

943 Listeners

Stay Wealthy Retirement Podcast by Taylor Schulte, CFP®

Stay Wealthy Retirement Podcast

694 Listeners

BiggerPockets Money Podcast by BiggerPockets

BiggerPockets Money Podcast

3,081 Listeners

The Rational Reminder Podcast by Benjamin Felix, Cameron Passmore, and Dan Bortolotti

The Rational Reminder Podcast

472 Listeners

The Compound and Friends by The Compound

The Compound and Friends

2,145 Listeners

The Canadian Investor by Braden Dennis & Simon Belanger

The Canadian Investor

82 Listeners

Angry Mortgage by Ron Butler

Angry Mortgage

12 Listeners

The Canadian Real Estate Investor by Daniel Foch & Nick Hill

The Canadian Real Estate Investor

30 Listeners

The Loonie Hour by Steve Saretsky

The Loonie Hour

10 Listeners

Canadian Wealth Secrets by Kyle Pearce, Jon Orr

Canadian Wealth Secrets

25 Listeners

The Wealthy Barber Podcast by The Wealthy Barber Inc.

The Wealthy Barber Podcast

63 Listeners

In the Money with Amber Kanwar by Amber Kanwar

In the Money with Amber Kanwar

20 Listeners