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Divorce from a Financial Perspective


Few events in life can be as profound and challenging as a divorce. It is one of the most painful and emotional experiences. You get angry, lonely, anxious, bitter and desperate. Your identity is at stake and it can shake the very foundation of your life.
 
You have to deal with a number of issues: financial, emotional, professional, parenting, health and spiritual. This article will deal with only the financial aspect of a divorce.
 
Legally this is a life-changing event. It is in your best interest to separate the emotional attachment from strategic decisions.
 
Mediation, arbitration, litigation and the collaborative process are some of the legal choices available. You need to educate yourself and see which is the most beneficial to you.
 
Mediation is a safe process provided by a neutral third party to help resolve issues that arrive during divorce. It saves you money compared going to court. You participate in the resolution.
 
Arbitration is a procedure in which a dispute is resolved by agreement of parties to a binding decision by one or more arbitrators.
 
Collaborative Divorce is a family law process. It helps couples work with their lawyers in order to avoid the uncertain outcome of Court. It best meets the specific needs of both parties and their children without the underlying threat of contested litigation.
 
Litigation is a process where your lawyer represents you in the court. A judge makes the final decision. This can become a long, expensive and cumbersome process. You should choose a lawyer that specializes in family law, and make sure you have a written fee agreement.
 
Have realistic expectations. A divorce will affect your lifestyle. Prepare a budget for yourself. Write down all your income and minus your expenses. Differentiate between wants and needs. Try to stay away from debt.
 
Check your credit report. If all your credit cards were in both names, cancel the cards and order new ones in your sole name. Inform the credit agencies about your divorce.
 
Inform your bank and close the joint accounts. Open an individual account.
 
A house will be a major asset that belongs to the both of you. Calculate the total carrying and operating costs to see if you can afford it on one salary. If not then you need to consider selling the house.
 
Check for beneficiaries on TFSA, RRSP, RRIF, LIF and Life Insurance policies. Life insurance policies have an option of revocable or irrevocable beneficiaries. Remember to have your will updated.
 
Have the pension appraised. Some plans are easier to value and contribute. Others have vesting schedule, defined benefit and defined contribution.
 
Would you rather have a forty thousand dollar BMW or a forty thousand dollar GIC when dividing assets?   If you look at it from a depreciation point of view then the GIC is a better asset. 
 
In the eyes of the Canada Revenue Agency, not all assets are equal. So consider all the tax issues. A spousal RRSP cashed within the first three years will become income for the contributor rather than the recipient.
 
Make sure you have adequate health coverage. A visit to the dentist without coverage is expensive.
 
A divorce can put your best-laid plans to ruin. Focus on the future and make some good financial decisions.  

Every encounter, a reminder

Whether we choose to be on a "self-realization" journey or not, this path is with us. It is like a parallel track. We spend our time in our daily lives, completing one task after another, or in a "doing" state. Yet somewhere alongside this path of "self-realization" is there. We do not need a map quest, or directions, to know how to be on this path, as every pause and every awareness of that pause is what keeps us there. I use the analogy of a breath, the awareness of the inhale and exhales, and the pauses in between, as the anchor to remind us "we are right here".

Living our daily lives, allows the journey to be an experiential journey. Every encounter, every person we meet, as we share our stories and listen to theirs, shows us where we are on our life journey.

In conversation, sometime I hear, "judgement" being passed, either on oneself or another. This is a good time to pause, why the judgement, which "I" is passing the judgement...the pause will allow one to ask this question. Inculcate a sense of awareness, and use the awareness as the vehicle to travel on this path; ride this vehicle alongside.

How does one build the awareness. Many words and techniques have been mastered and suggested. One finds the heightened awareness as an artist, an athlete, or engrossing oneself in a hobby, to be in the "moment", "zone" or "now". For me Meditation has been the tool, the Breath the anchor. The Discipline of setting time for daily practice the Way.
--
Tu Eres Mi Otro Yo - (You Are My Other Self). A Mayan concept of unity, we learn to be ourselves through our relationships with others.

http://sans-lifeisandiam.blogspot.com

The Dating Adventures of an Unapologetic Feminist

I am guest writing for Small Strokes for a series on feminism and relationships. My writings will be just one small part of the series, which will profile feminists in all kinds of relationships. Check out the site to read the other pieces. My first post is below.
 
 
I responded to a post at Small Strokes, who was calling for guest posts on feminism and relationships. I have reached a point where I am ready to actively date and figured this would present the perfect opportunity to maybe run a little non-scientific experiment on the dating adventures of an unapologetic feminist. I am going to write a few posts on how things go. This first one is a bit of background on me and the plan and goal of this “experiment.” I hope to be funny and maybe a little bit informative. I am really looking forward to doing this and I hope you enjoy reading about it!
 
About Me

I am a 25 year-old straight, white female living outside Toronto, Ontario. I started law school in September 2007 and will complete my degree in December 2010. I go to school out of Province, but will be back in Ontario permanently in January. I have a job lined up, which I am very excited to start. I am a very focused person and I have always given 100% of my energy to my main goal. For the past 8 years, that has been my education. I am a long-term planner, so I’ve not really been interested in dating because I never knew where I would end up. Now that I have my articling job, I know where I am going to be so I am ready to give dating a real go.
 
Towards the end of 2009 I began identifying as a feminist and as the past 10 months have progressed, I have become more and more active. I am passionate about women’s issues in general, and I wear the feminist label proudly. Considering there are many stereotypes surrounding feminism, I figure using the word in a dating profile is going to elicit some interesting responses. I am not just a feminist. I have a few other traits that significantly narrow the field. I am what Dawkins calls a “militant atheist,” and I am a big and small ‘l’ liberal. I also have no interest in being a mother. So with each of these traits, I know I am starting with a very narrow dating pool. Upon actually using the word feminist in my dating profile, I am sure that will cut the pool back even further.
 
I have a small bias against online dating; I guess I really don’t like being judged by my pictures and a few paragraphs, perhaps because I am terribly un-photogenic. I am (as is everybody) a very complex person. Yes I am a feminist, but I buck every stereotype in the book. I have never been afraid to share my opinion, often loudly; I love hockey, the outdoors, dogs and techy stuff. I own all the Star Wars DVDs and watch everything from Lost to Grey’s Anatomy to Big Bang Theory. I have a wicked sense of humour and I talk. A lot. A few things have lined up in the last 6 months such that I have tonnes of self-confidence.
 
The Plan
 
I am going to sign up at the free dating website Ok Cupid, mostly because I know a few people who are using it and they like it. For now I’ll stick with the one. I am going to create a profile, put up some recent pictures and in the description section I am going to use the word feminist. Then, for now, I am going to sit back and wait and see what happens. I am going to cast a fairly wide net and I will talk to anybody who messages me. If I determine that they are not a creep, I will go out on a date with them.
 
I want to be clear: this is not “How to Lose a Guy in 10 Days.” I have been considering online dating for a while, this was just the push I needed to do it. If we get past a 2nd date, I might mention this “experiment.”

A marriage happens

When two people meet and find that the meeting is really an extension of their spirit and soul a inner knowing happens........a connection that happens at the soul level, when given the right space and time is transformed in to the outer form.  The union of the forms is a celebration. 
 
We live amongst friends, family, community and society, and any celebration includes all the near and dear ones.............such was a celebration that happened this weekend, of July 2010.  The union of two souls, two families and the reunion of many friends.  Amongst much  laughter, dancing, and joy we all participated in a fun filled week.  The preparation was as much fun as the ceremonies.  Clothes were brought out of the closets, many outfits were tried on and a few selected  for each occasion.  Henna adorned the hands and body, and jewelery completed the attires.  Camera in hand, we all posed for each other ............capturing each moment, to be shared as beautiful memories, as we let go of some to make space for new ones.
--
Tu Eres Mi Otro Yo - (You Are My Other Self).  A Mayan concept of unity, we learn to be ourselves through our relationships with others.

http://sans-lifeisandiam.blogspot.com

Sex: I'm a man and you're a slut

I'm a man and you're a sl*t. There, I've said it. I know you don't like it; I know you're going to be angry with me but that is the truth. Yes? The fundamental reality we all live with can be expressed in these basest of terms: if a man sleeps around; he's a man; if a woman sleeps around; she's a sl*t. Why? That doesn't seem at all fair, does it?

It's a man's world. A woman may not like it but that seems to be a fact. Far better scholars than I have studied it, analysed it and written about it. History explains the antecedents of this patriarchal society in which we live while modern intellectuals who question the status quo have asked and still ask why we must continue to do what we've been doing. Change comes slowly; traditions die hard; don't rock the boat.

The Double Standard

The Women's Liberation Movement has long talked about this phenomenon which has existed in our society; the double standard which is applied to men and women. The saying is "What's good for the goose is good for the gander" but in relation to the double standard, it means that what is good for the gander is not necessarily what the goose gets.

Women did not get the right to vote in Canada and the United States (with exceptions) until the 1920's. Women were considered chattel. While North American society has changed, I am of the opinion that a lot of it has to do with veneer. Yes, we have laws about equality in the workplace but that doesn't mean that there is equality in the workplace. As a man, all I have to do is stand around the water cooler with other men and follow the conversation. Nobody is listening; nobody will criticize; what are you going to say? Sometimes, it's surprising to hear what guys do say.

True Story

My wife is a wonderful woman. Not only is she good looking (hubba, hubba), she is well educated (a Masters no less!), smart and as a person, not just as a woman, I think she's right up there in the top percentile of our society. She's retired now but she held her own in the workplace for 32 years with the last 6 as the CEO of a small company. Yes, I love her, but I also admire her and am proud of her.

I work with a guy who is the typical macho: still plays sports with the guys and does semi-dangerous activities. When we talk, he talks to me in that sort of man to man way, as if we're sharing something that only men can share. From time to time when he's talks about his wife, he presents her as a bit of an airhead: she likes to shop; she doesn't like to work; she thinks money grows on trees and he's going to keep providing her with it. Such dialogue is usually accompanied by eyes rolled to the ceiling. I know he's trying to be funny, funny in a chauvinist way but I have to confess being slightly perplexed by this. Why? I would never say such things about my wife. First of all, my wife isn't an airhead; she's really smart. Secondly, she had her own career; she was never dependant on me. And third, and this for me is the kicker, how macho, how manly can any guy be if he sits down with other men and confesses that he's married such a woman? That's like saying he's married the mistake of his life; he admits his wife is inferior to... well, my wife.

The Female Eunuch

This book by Germaine Greer was published in 1970. In a nutshell, it said that men hate women; women don't realize this and they are taught to hate themselves. The traditional family represses women sexually and is an environment where we see the continuation of the power struggle of men over women.

I read it immediately. I was 18 years old.

I had already suspected that what I had learned, what I had seen around me, what society had been passing off to me, didn't really represent reality. I grew up in the 50's family model: man works; wife stays at home and raises the kids. This book confirmed my suspicions. Tradition did give us a structure, a framework for our lives and our society but at the same time stifled our ability to critically examine ourselves.

Since this time, however, I have very much grown to appreciate how difficult and slow change, true change can be. We as a nation can enact laws against gender discrimination but that does not mean people will not continue to practise it. I return to the men talking around the water cooler. Yes, we all say out loud that women are welcome but that does not necessarily mean that when we have 2 candidates in front of us for a job, one man and one woman, we might not just favour the man because... well, he's a guy. There's a joke in there about two heads being better than one but I will try and keep myself above board.

The S Word

I love Chris Rock. As a comedian he has a keen perception of our modern times; as a black man, he tells it like it is in America. In telling it like it is, Chris does resort to colourful language and I add here that only a black man can get away with using the N word. That particular word has such emotional force, such a history attached to it that merely uttering the word out loud in public is enough to send a shiver down the back of anybody within earshot. And if you're white and saying that word (Hello Michael Richards!), I would strongly advise you to make sure your will is up to date.

The S word also has a big impact. Qualifying a woman with that word is tantamount to heaping on her the sum total of all scorn we as a society have for any female who expresses the slightest amount of interest in sex. Now think about that for a second. If a man goes out and has sex with 10 women, he's a stud. If a woman goes out and has sex with 10 men, she's a sl*t. Stud = positive, sl*t = negative. How curious. We equate male sexual prowess as a good thing but we equate female sexuality as bad. But why?

The Hite Report

Shere Hite released her report on female sexuality in 1976 and her report on male sexuality in 1981. I read both.

I've never forgotten the book about men and the one specific thing she discovered in her research. There was this reoccurring theme to the answers from men: men were convinced that women do not like sex.

What? But the more I thought about it, the more that made sense. We men are told to get out there and chase women. We discover that women hold back, are particular, are careful in the selection of a mate, only want to "do it" after marriage, etc. Gee, why wouldn't we get the idea women don't like sex?

What an odd situation. Men are guided by society to want to marry a woman who is worthwhile, of value, a woman who is not a sl*t. But in doing so, men are marrying somebody who doesn't like sex. Men want sex. Men think they need a sl*t. Geesh, are we going around in circles here?

I've heard researchers try to explain all this by describing the primordial difference between the sexes: men are wired to spread their seed; women are wired to bear and raise children. This translates into men running around looking for places to deposit their seed and women trying to set up a successful environment for children. I'm sure my summation is quite simplistic but this is an idea I've heard from the pundits. Gee, where's Desmond Morris when you need him? (The Naked Ape, 1967)

What's it all about, Alfie?

There's no doubt about it; we are a confused species. We have been following roles which have existed on this planet since the beginning of time and now that we're looking at those roles with a critical eye, we are totally thrown for a loop in understanding those roles and figuring out not only what we're doing, but what we're doing right and what we're doing wrong. Let's not forget that change comes slowly because we don't necessarily like change. I could say something amusing about inertia but I truly believe we have a difficult time changing because we don't like instability. Change involves tearing down beliefs and that means instability. At some point we will replace those beliefs but during the transition period, we are going to have to deal with some shakiness.

The Water Cooler

We enact laws; we force people to act a certain way. We build a social norm; we ostracize people if they don't conform. However, we can't always control their thoughts and people can be quite chameleon like depending on their circumstances. At the office, in public, somebody can put on a good show for gender equality then go home and beat the wife if not physically, at least psychologically. Laws try to force everyone to not commit a crime but will we arrive at a point where everybody does not want to commit a crime? Gender equality may be written into the Charter of Rights and Freedoms in Canada, but the man-talk around the water cooler will be the true litmus test of whether or not gender equality exists in society.

Afterthought

I sometimes read an opinion piece such as this one and not being totally familiar with the material, I know that I either do not react because it is all quite a distance from my own everyday life or I may doubt what the author says and not necessarily take the time to prove the author right or wrong. In other words, the message gets lost in the daily shuffle of my life.

I would ask that you, the reader, to remember the following:
  • In 1989, Marc Lépine killed 14 women claiming that feminism had ruined his life.
  • Robert Pickton, jailed in 207, has been convicted of murdering 6 women, charged with the murder of 20 other women and claims to have murdered 49 women in total.
  • Sakineh Mohammadi Ashtiani, an Iranian woman, has been condemned to die by stoning because she is an adulterer. The men in question face no prosecution about this matter.
  • Every year approximately 25,000 women die from botched abortions in Africa and yet, not one man is harmed.

Are men confused about women? You bet. Do we have gender equality? I think not. Are we ever going to get things sorted out? Let's hope we don't have to wait until hell to freeze over.

Click HERE to read more columns by William Belle.

References

The Female Eunuch
http://en.wikipedia.org/wiki/The_Female_Eunuch

The S Word
http://en.wikipedia.org/wiki/Slut

Shere Hite
http://en.wikipedia.org/wiki/Shere_Hite

The Montreal Massacre
http://en.wikipedia.org/wiki/%C3%89cole_Polytechnique_massacre

Robert Pickton
http://en.wikipedia.org/wiki/Robert_Pickton

Sakineh Mohammadi Ashtiani: an adulterer all by herself - July 12, 2010
http://wqebelle.blogspot.com/2010/07/sakineh-mohammadi-ashtiani-adulterer.html

Abortion: If we make it illegal, the problem will go away - June26, 2010
http://wqebelle.blogspot.com/2010/06/abortion-if-we-make-it-illegal-problem.html

In Praise of Women - June 15, 2010
http://wqebelle.blogspot.com/2010/06/in-praise-of-women.html

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