Chapter 6: Legal Aspects of Family Dynamics

In this section

• Family-Related Issues
  Explore how marriage, common-law partnerships, and other changing family circumstances shape a client's financial plan and legal obligations in Canada.
• Fundamental Aspects of Family Law
  Explore the interplay of federal and provincial legislation in Canadian family law, its influence on wealth management, and how advisors can navigate key factors like division of property, support obligations, and tax considerations.
• Domestic Contracts in Canadian Wealth Management
  A comprehensive exploration of domestic contracts—prenuptial, cohabitation, and separation agreements—and their role in managing wealth and family law obligations in Canada.
• Property Issues on Relationship Breakdown
  A comprehensive guide to managing property division in Canadian relationship breakdowns, covering family vs. excluded property, matrimonial homes, tax implications, pension splitting, and key deadlines for wealth advisors.
• Impact of Divorce on a Client’s Financial Plan
  Learn how divorce affects retirement savings, estate planning, insurance coverage, tax implications, and liquidity. Explore comprehensive strategies to preserve financial well-being in Canada following a marital breakdown.