GRC Wealth Transition Solutions

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Uxbridge, ON
GRC Wealth Transition Solutions

I work with people facing a separation/divorce - at any stage of the process.

GRC Wealth Transition Solutions on your Transition Team to help you navigate the financial journey of your separation and divorce with confidence, clarity and peace of mind.

02/23/2022

"Time heals all wounds." We've all heard this popular cliche. But is it true?

According to verywellmind.com, whether time heals or not depends on how someone uses the opportunity in the present moment to ultimately shape their future.

Are we using this time to gain insights, make healthier choices, adopt a growth mindset?

It’s possible that time will not heal all wounds. Here are some things that may get in the way according to verywellmind.com:

👉 Remaining fixated on something, like a harsh breakup
👉 Refusing to let go by holding a grudge
👉 Denial
👉 Not forgiving yourself or a person who was accountable for the wound or trauma
👉 Not having a solid support system or emotional outlet

So how do we master the use of time in ways that focus on and promote healing?

👉 Spend time with loved ones
👉 Make physical health a priority by getting enough sleep, eating nourishing foods, moving every day, getting outside...
👉 Meditation
👉 Practice gratitude
👉 Lean on your support system

Having the honour of working with people during a difficult event in their life, and , I have seen how time can heal and positively shape the future when we learn how to master the use of time.

Source: https://www.verywellmind.com/time-heals-all-wounds-is-there-any-truth-to-this-5189911

02/16/2022

When it comes to your separation or divorce, a team approach may be your best option as it can help you assess the situation from all angles.

As a financial professional accredited in Collaborative Practice, I am able to work in a team of professionals consisting of lawyers, financial professionals, and mental health professionals. These professionals are all skilled and experienced in collaborative practice.

The goal of the collaborative divorce process is to encourage parents, spouses, or partners to create their own agreements in collaboration with their team.

If you want to know more about the processes and options available, reach out to me over at https://www.grcwealth.ca/ and book me!

02/09/2022

I am so honoured to be able to help clients paint the big picture of what their next chapter will look like.

When going through a separation or divorce, we are often faced with decisions we never thought we'd have to make. By assessing all of the pieces of the puzzle, a financial plan can help make those decisions easier.

No one has to figure it all out on their own. There are professionals wanting to genuinely help. Reach out to me at 416-817-2478 or visit my website at www.grcwealth.ca and book me to explore how I can help.

02/02/2022

Last month I had the privilege of helping a client with a critical decision that was keeping her up at night.

With respect to spousal support, she was faced with a choice between two proposals. She asked me, "Should I agree to a lump-sum payment or should I accept monthly payments"?

Together we explored the qualitative factors of both scenarios.

👉 Were there concerns about consistency in collecting payments due to ongoing conflict?
👉 Was there a need to utilize the cash for immediate goals, like paying off debt or purchasing a home?

We considered the quantitative factors.

👉 How would periodic monthly payments impact her tax obligation in the future?

Finally, we ran a Financial Forecast to see how each of these scenarios would play out.

We were able to see what it would mean to take the non-taxable lump-sum payment and invest it for the future to provide a nest egg for retirement and simultaneously compare this to how periodic payments, after-tax, would meet her needs.

A Financial Forecast provided a visual path forward and she was able to make a decision with confidence.

There are many financial considerations when facing a and . It is invaluable to have a financial professional on your team.

Reach out to https://buff.ly/2UR5rY3 to book a conversation.

01/25/2022

Going through a major life transition like a separation and divorce can feel like you are caught in a tsunami of emotions.

It's normal to feel insecure about who you'll become in your new life and how you're going to get through it all.

Three tips that I came across that hopefully can help others:

1. Take time to grieve. It sucks so there is nothing wrong with taking the time to acknowledge that life has just thrown you a curve ball at the most inconvenient of times.

But you also know deep down inside that "this too shall pass" and you will come out on the other side. So grieve, yes, but not for too long. You have a new life to create.

2. Seek support from a team of people - family, friends, and a therapist. Having the right people by your side to help you stay on track and support your journey to the other side is invaluable. Choose your support team wisely.

3. Visualize what you want your future to look like in 3, 5, and 10 years. What would you want if you knew anything is possible?

This is what I love most about what I do for someone going through a separation and divorce. I love creating a financial path to support their vision of a new life.

What other tips do you have?

01/12/2022

When it comes to making financial decisions regarding your separation and divorce the first step is to consult a financial professional.

There are options in settling financial matters and a financial professional will have creative solutions.

If you are ready to take the next step and want to explore your options, reach out to me at 416-817-2478 or visit my website at www.grcwealth.ca and book me.

01/06/2022

With inflation running at 4.7 per cent year-over-year in November, its ninth consecutive month above the target of 2 per cent, I've had increased number of questions from clients going through major life transitions like separation, divorce and retirement ask "How will this affect my spending power and my lifestyle....?"

So many people in their 50s and beyond are getting divorced these days. While I can't speak to the statistical trends, I can comment that in my own practice and working with other professional like lawyers and family counsellors, it is a noticeable growing trend. Certainly, any divorce is devastating and it can be particularly painful in or approaching the retirement years.

For a conversation, head to www.grcwealth.ca to "Book me".

10/28/2021

It is invaluable for anyone who is going through a separation and divorce to inform themselves of the options and processes available.

The collaborative divorce process is a goal and family-focused process where parents, spouses, or partners create their own agreements with the help of a professional team consisting of lawyers, financial professionals, and mental health professionals skilled and experienced in collaborative practice.

The team is there to educate, support, and guide you in reaching balanced, respectful, and lasting agreements.

I'm so excited to have been accredited in Collaborative Practice as the financial professional on the team.

If you want to know more about the processes and options available, reach out to me over at https://www.grcwealth.ca/ and book me!

10/21/2021

Divorce is a big life event and likely one of the biggest financial transitions you will experience.

So, it's important to work with the right people.

When you work with me, the first thing I do is get to know everything about you and your financial situation.

Next, I get to the bottom of your goals and what you want to achieve.

Finally, we create a plan that paves the road towards your financial goals.

My priority is for you to walk away with clarity, actionable steps, and a clear path towards your goals for your settlement.

If you're ready to chat, head to www.grcwealth.ca to book a call.

10/19/2021

How will divorce affect finances moving forward?

Numerous studies show that the economic costs of divorce fall more heavily on women. After divorce, women experience a sharper decline in household income.

For men, most will experience a 10 - 40% drop in standard of living.

The uncertainties of how your lifestyle will change after divorce due to changes in finances can be a source of stress.

When it comes to divorce, if you're uncertain about your financial future post divorce consider these tips to help alleviate some stress:

1. Understand your complete financial picture before separation.

Take an inventory of what you own and what you owe. It's important to actually write it out. If you haven't been actively involved in the family finances, this is especially important to do. Do your best and just give it a try; you may surprise yourself.

2. Deciding who will be responsible for joint debts in divorce can be difficult.

If there are joint savings, investments or other joint assets, consider liquidating assets to pay off these debts prior to your separation. Order a credit report to learn what your credit score is and ensure your credit score remains intact. Refrain from the joint debts getting larger and work towards canceling joint credit cards.

3. Create a budget/financial forecast that reflects your estimated income and expenses when flying solo.

This is so vitally important and often shied away from. But the reason it is important is it can help you make important decisions and put actions in place to set you up for success.

4. Ignorance is not bliss.

When facing divorce educate yourself. Understand your options. Understand your finances. Reach out and get assistance to accumulate all the knowledge you need from reliable sources.

For more information book a phone call by heading over to www.grcwealth.ca

10/14/2021

How do you feel about evening rituals?

What do you think about a routine that helps you wind down as you close the chapter at the end of your day?

As I've helped clients through stressful times in their life, I find my evening ritual has become more and more a part of my life.

My evening ritual is non-negotiable and keeps me grounded. It also helps me to tackle the next day so I can be present to give it my all.

Do you have an evening ritual?

Address

Howard Williams Court
Uxbridge, ON

Telephone

+14168172478

Website

http://grcwealth.ca/

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