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  • What if we need help with a parenting plan or other non-financial matters?
    Three-Sides specializes in mediation matters involving the division of financial property and financial support. We can, however, assist with parenting plans and other matters as needed. We may contact other professionals to seek their expertise with your consent in more complex parenting matters.
  • How much will it cost?
    Mediation services are provided at an hourly rate of $95 per person. This includes phone calls, e-mails, meetings with parties, note preparation, and all time spent on your matter. A flat fee of $500 is charged to prepare the final memorandum of understanding. Most engagements range from $1,500 to $3,500, but it depends on how many issues are to be resolved and the time required to work through each situation. Using a mediator can save you thousands of dollars in legal fees as going to court could cost both parties tens of thousands. All fees are subject to HST.
  • What is Divorce Mediation?
    Divorce mediation is a process where a neutral third party helps divorcing couples reach agreements on issues like custody, support, and division of assets. It aims to facilitate communication and compromise, often resulting in a less adversarial and more cooperative resolution compared to litigation.
  • Will a mediator give us legal advice and tell us what to do?
    No. A divorce mediator serves as a neutral facilitator to help divorcing couples communicate and negotiate agreements. While they provide guidance on the mediation process and facilitate discussions, they do not offer personal advice or tell couples what to do. Instead, mediators empower couples to make their own decisions by fostering open communication, exploring options, and helping them reach mutually acceptable solutions that meet their unique needs and circumstances.
  • How is a Divorce Mediation different than working with a Lawyer?
    A divorce mediator is a neutral third party who helps divorcing couples communicate and negotiate agreements outside of court. They facilitate discussions and assist in reaching mutually acceptable solutions. In contrast, a divorce lawyer represents individual clients in legal proceedings, advocating for their interests and providing legal advice and representation. While both play roles in divorce, mediators focus on resolution through collaboration, while lawyers navigate legal processes and advocate for their clients' positions. The desired outcome could be: Less street during the process. You and your partner decide on the outcomes. It is less costly than using your lawyers for the entire process.
  • What is the difference between retirement planning and financial planning?
    Retirement planning focuses on preparing for financial security during retirement years, addressing factors like savings, investments, and income sources to sustain post-employment lifestyle needs. On the other hand, financial planning encompasses a broader scope, integrating retirement planning with other financial goals such as budgeting, debt management, tax planning, and estate planning. While retirement planning is a subset of financial planning, the latter addresses comprehensive financial well-being across all life stages.
  • How will a fee-based advisor increase my wealth?
    Fee-based financial planning can increase an investor's wealth by providing personalized advice and strategies tailored to their goals and circumstances. By charging a transparent fee instead of commissions, advisors prioritize the client's best interests, potentially leading to more cost-effective choices and reduced conflicts of interest. Additionally, ongoing guidance and adjustments to the financial plan as needed can optimize investment returns and minimize unnecessary expenses, ultimately contributing to wealth accumulation over time.
  • Can you help me invest my money?
    No. We don't sell or endorse any investment product. As part of our financial planning process, we will assess your goals and provide you with a recommended asset allocation model for your investment selection. We can also help you understand your risk tolerance.
  • What is fee-based Financial Planning?
    Fee-based retirement and financial planning involves clients paying a fee to a financial planner for comprehensive retirement and financial advice and services. This fee may be charged hourly or at a flat rate. Unlike commission-based planners who earn money from selling financial products, fee-based planners are typically fiduciaries. This means they are legally obligated to act in their client's best interests, reducing conflicts of interest and ensuring unbiased advice. This commitment to their clients' welfare instills a sense of security and confidence in their financial decisions. Less than 1% of advisors who dispense financial advice in Canada use the fee-based model in favor of investment fees and commissions. An independent, unbiased, approach makes the difference.
  • How much will it cost.?
    One-time Q&A Consultation 90 minutes - $275 flat fee. Fixed Engagement Perpetration of a retirement plan - $750.00 to $1,250. Preparation of a comprehensive financial plan—$950 to $3,000. Fixed engagements initial consultation, information gathering, plan preparation, presentation, and discussion. Hourly Rate $195 per hour for all other work. All fees are subject to HST.
  • What if I just have a few questions and don't want a retirement plan?
    Clients are welcome to engage our services for a one-time Q&A engagement. You can submit your questions before our 90-minute meeting or utilize the meeting time to address your questions on the spot.
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