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Questions for Your Financial Advisor

Here are a few suggestions on what you should be asking your financial advisor or banker when going through a separation.
• Can you provide us with a list of accounts (joint and individual) we have, both assets and liabilities?
• Can you help us determine the tax implications of dividing our assets and how it will impact our financial situation?
• Can you explain the impact of the separation on our credit score and how it can be protected?
• How can we remove each other from joint accounts and what are the necessary steps we need to take?
• Can you help us understand the potential impact of the separation on our investments, including stocks, mutual funds, and retirement accounts?
• What are the options for refinancing any joint loans or mortgages we have?
• How can we ensure that our child support or spousal support payments are paid automatically and on time?
• How can we set up a budget to manage our expenses and ensure we can both maintain our lifestyle after the separation?
• Can you help us understand the long-term financial implications of the separation, including the impact on our retirement savings?
• Are there any other financial considerations we should be aware of during the separation process?

Book a FREE, 30-minute, joint, online consultation with Positive Solutions Divorce Services to learn more about the mediation process and how we can support you through your separation.

Legal Disclaimer

Information on this website may contain legal information but is not to be interpreted as legal advice. It is strongly recommended that you obtain Independent Legal Advice (ILA) before signing any documentation arising out of the end of your marriage or common law relationship.

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