Educational Resources

How to Maintain/Gain Financial Stability During Divorce

Written by Russell Alexander ria@russellalexander.com / (905) 655-6335

What You’ll Learn:

10 Essential Steps to Secure Your Financial Future During Divorce 

Divorce brings not only emotional challenges but also financial uncertainty. In our upcoming Family Law Now After Hours live event, “How to Maintain/Gain Financial Stability During Divorce,” we’ll explore practical strategies to help you navigate this transition with financial confidence. 

  1. Assess Your Financial Standing: Take stock of your income, expenses, assets, and debts to understand your financial position. 
  2. Create a Post-Divorce Budget: Adjust your financial plan to accommodate new living expenses and ensure long-term stability. 
  3. Know Your Legal Rights: Understand your entitlements or obligations regarding spousal and child support. 
  4. Close Joint Accounts Where Possible: Prevent financial entanglement and protect your credit by separating finances early. 
  5. Avoid Making Large Purchases: Courts may view major spending as an attempt to hide or misuse assets. 
  6. Consider Mediation to Reduce Costs: Avoiding litigation can help save significant legal fees and financial strain. 
  7. Build an Emergency Fund: Prepare for financial unpredictability by setting aside savings for unexpected expenses. 
  8. Seek Professional Financial Advice: A financial planner can help create a strategy for long-term security and investment. 
  9. Think About Future Financial Goals: Plan for retirement, investments, and overall financial independence. 
  10. Avoid Emotional Spending: Keep financial decisions strategic rather than reactionary to maintain financial health. 

Why Attend? 

This live event on March 18th from 5-6 PM is designed to equip you with the financial knowledge needed to move forward confidently. Whether you’re concerned about budgeting, support obligations, or long-term financial planning, this session will provide valuable insights to help you secure your financial future. 

Reserve your spot today and take control of your financial well-being during and after divorce. 

Stay in Touch

Keep learning about the latest issues in Ontario family law! Subscribe to our newsletter, have our latest articles delivered to your inbox, or listen to our Podcast Family Law Now.

Be sure to find out more about the "new normal", by visiting our Covid-19 and Divorce Information Centre.

About the author

Russell Alexander

Russell Alexander is the Founder & Senior Partner of Russell Alexander Collaborative Family Lawyers.