It’s not always easy to work out your finances when you separate or divorce, but there are some basic steps you can take. Use this checklist to get started.
Most people who go through a divorce need legal help. This is true even if you and your ex-spouse find it fairly easy to work things out. That’s because you need to know what the law says is fair when you divide up your assets. A lawyer can also explain how child support and spousal support work in your province.
Remember: Separating your finances can be tricky.
The checklist here just touches on some of the key things you need to do and think about. Of course, it doesn’t cover everything for everyone’s situation. Be sure to get advice from experts you trust.
Content in this section is provided in partnership with the Investor Education Fund, a non-profit organization promoting financial literacy to Canadians. To find out more go to GetSmarterAboutMoney.ca.