Facilitated services for your divorce; results driven experts

You are likely stressed, unsure and perhaps even overwhelmed about your best next steps. Who should you trust to protect your rights? Deciding on how you will           move through your divorce is one of the most important decisions you have to make, and our Divorce resolution experts are here to help you so you can move on         with your life.

At Fairway Divorce Solutions, we do everything to ensure that your decisions will stand the test of time. You must make many decisions, including division of assets, spousal and child support, co-parenting and custody. The decisions you make during your divorce will lay the foundation for your future, so taking the time to ensure you are making well-informed decisions that protect your legal rights and make sense for your life is crucial.

There are several professionals we may want to join your team to help make decisions. At Fairway, we will either work directly with your advisors or recommend ones that we trust. The goal is to hold them accountable to deliver, within the budget, information you need to make your decisions.

Tax advisors/accountants

When considering the division of assets and support, it is essential to understand the tax implications of all the assets thoroughly. For example, a matrimonial house is tax-free. In contrast, RRSPs are taxable.  Ensuring that appropriate tax is applied to all assets and liabilities before you make final decisions on division.

You will also want to ensure that all joint CRA past, present, or future obligations are accounted for, and the person who is responsible is included in your separation agreement.

Business valuators

It is prudent to have businesses valued during a divorce. There are several different structures, some lending more to valuations than others. Suppose it is a simple Holdco with easily defined assets, such as investment accounts, or a simple one-person consulting proprietorship. In that case, there may be little reason to have an evaluation. The financial resolution experts at Fairway will help you determine whether a valuation is necessary. The good news is that if a valuation is deemed necessary, we can keep the cost down. The valuator does not need to prepare to defend in court but must substantiate the numbers to you, your spouse, and other advisers. This way, we can get a reasonably inexpensive quote.

If one party is a shareholder in the company, and there are a variety of assets and complexity to operations, then getting a company valuation is prudent. Stay calm about the outcome of the assessment as there are many creative ways to deal with this kind of asset such that the person running the company can continue to do so without having to make a fire sale. The team at Fairway will guide you through all these decisions.

Financial planners

Several designations in Canada speak to being a divorce financial expert. Most of these designations are credible.

Using a mediator with a designation in this area is beneficial. Divorce financial mediators are not financial planners. What they can do is provide you insight into different options around the division of assets and support, as well as consider some of the long-term implications of your decisions.

When splitting assets, it is highly recommended that you work with a financial planner who can advise you on your assets and liabilities and the income you will need to support yourself. Splitting assets often requires a deep dive into what the assets are made up of, including interest accounts, stocks, minority equity positions, etc. These are not apples to apples, and splitting assets based on numbers will be problematic. Some people are more risk-averse and are better off with lower-risk investments such as interest-bearing GICs, and others are comfortable with risk and can take a more volatile side of the portfolio. However, it is essential to understand that there are pros and cons to each, and working with a financial advisor will help you feel confident that what you are doing as far as division and support, will be able to sustain a good lifestyle in the future.

Family lawyers

At Fairway, we want to ensure that you understand family law, so we host a "What is the Law" seminar put on by our in-house legal team that teaches you the basics of family law in your province. This way, you are better equipped to understand what the law may say about several matters before negotiating.

It is a number one priority at Fairway Divorce Solutions that your outcome is based on your legal rights. The matrimonial laws in Canada are reasonably straightforward. Laws set out child support, spousal support, and division of marital assets. While there may be some complications overall, these laws are set out such that the goal posts for negotiation are pretty narrow, therefore, there is really no basis for a fight. However, it is still prudent to receive independent legal advice before signing your agreement. Using lawyers to come to an agreement is not a good use of time and money as fees and conflict typically will escalate, resulting in you getting less. We know that the outcome using our divorce resolution experts will yield a much better result than going to court, as you will be assured to have an agreement that is in your best interest and one where you had input and control. 

You are likely stressed, unsure and perhaps even overwhelmed about your best next steps. Who should you trust to protect your rights? Deciding on how you will move through your divorce is one of the most important decisions you have to make, and our Divorce resolution experts are here to help you so you can move on with your life.

Fairway helps facilitate other areas:

• Real Estate Appraisals 
• Pension Plan Valuations 
• Parenting Coordinators
• Counselling 
• Divorce Coaches