Collaborative Practice Toronto suggests advisors can help clients by: identifying, clarifying, and prioritizing financial needs and concerns (needs
during or after the legal
process);
determining adequate budget and financial arrangements for the children's changing needs; and contrasting and comparing different
settlement scenarios, and empowering spouses to make fully informed financial decisions.
In addition to needing a retrospective or date of death appraisal
during the
settlement process, often times the ordering party will also request a «current value» appraisal in order to
determine current market value for purposes of sale or
settlement between heirs.