Browse WME Course For Financial Planners (WME-FP)

Chapter 6: Legal Aspects of Family Dynamics

In this section

  • Family-Related Issues
    Explore key considerations in modern Canadian family structures and their impact on financial planning, including blended families, common-law partnerships, multi-generational households, cultural factors, and responsibilities for children. Learn how to integrate these elements into a holistic wealth management strategy.
  • Fundamental Aspects of Family Law
    Explore core principles of Canadian family law, including marriage, divorce, property division, child and spousal support, and key enforcement mechanisms in provincial jurisdictions.
  • Domestic Contracts
    Explore the essential role of domestic contracts in Canadian family law, including prenuptial, cohabitation, and separation agreements, their enforceability, and the financial planner's role in helping clients navigate these important legal instruments.
  • Property Issues on Relationship Breakdown
    Explore how family property is divided upon relationship breakdown, the valuation methods used, dispute resolution strategies, tax implications, and the crucial role of financial advisors in Canada.
  • Impact of Divorce on a Client’s Financial Plan
    Explore how divorce can reshape a client’s financial plan, from changes in net worth and liquidity to insurance beneficiary designations and emotional factors. Gain actionable insights into coordinating with legal, tax, and mental health professionals to help clients navigate this critical life transition.