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#12. Divorce Finances 101 with Carlton Benjamin

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Manage episode 480299230 series 3577203
Content provided by Lisa Gu. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Lisa Gu or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

This conversation delves into the financial complexities individuals face during and after divorce. Carlton Benjamin, a financial security advisor, and Divorce Coach Lisa share insights on managing emotions, long-term planning, and the importance of life insurance.

The discussion covers various financial aspects, including investment accounts, pensions, and tax implications, emphasizing the need for a structured approach to rebuilding financial stability post-divorce.
We also tackle practical, often-overlooked questions like:
➡️ What to do with joint life insurance after separation
➡️ How to handle RESP contributions when co-parenting
➡️ Tax traps to avoid when dividing RRSPs, selling property, or receiving spousal support

☑️ How to split pensions and retirement accounts without triggering penalties
☑️ What "irrevocable beneficiary" really means—and why it matters
☑️ How to rebuild your financial foundation after divorce

If the money side of divorce is stressing you out, or you’re unsure what you don’t know...

🎧 This episode is for you.
P.S. Follow Carlton on Instagram @father0fsky3 for more practical tips on building financial security, understanding insurance, and protecting your future.

Follow me for inspiration and tips on how to reinvent yourself through divorce:
📸 Instagram
🌐 Facebook
▶️ YouTube

  continue reading

16 episodes

Artwork
iconShare
 
Manage episode 480299230 series 3577203
Content provided by Lisa Gu. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Lisa Gu or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

This conversation delves into the financial complexities individuals face during and after divorce. Carlton Benjamin, a financial security advisor, and Divorce Coach Lisa share insights on managing emotions, long-term planning, and the importance of life insurance.

The discussion covers various financial aspects, including investment accounts, pensions, and tax implications, emphasizing the need for a structured approach to rebuilding financial stability post-divorce.
We also tackle practical, often-overlooked questions like:
➡️ What to do with joint life insurance after separation
➡️ How to handle RESP contributions when co-parenting
➡️ Tax traps to avoid when dividing RRSPs, selling property, or receiving spousal support

☑️ How to split pensions and retirement accounts without triggering penalties
☑️ What "irrevocable beneficiary" really means—and why it matters
☑️ How to rebuild your financial foundation after divorce

If the money side of divorce is stressing you out, or you’re unsure what you don’t know...

🎧 This episode is for you.
P.S. Follow Carlton on Instagram @father0fsky3 for more practical tips on building financial security, understanding insurance, and protecting your future.

Follow me for inspiration and tips on how to reinvent yourself through divorce:
📸 Instagram
🌐 Facebook
▶️ YouTube

  continue reading

16 episodes

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