The material has been provided by The Collaborative Association members for the assistance of the readers.
There’s an ELEPHANT in the room!!June 7th, 2017
submitted by Patricia Lalonde
That elephant has been the subject of money throughout your relationship. It’s a tough subject. Not because arithmetic is complicated, but, because the subject is loaded with emotional baggage and multi-generational values.
When a relationship ends, that baggage of emotionally charged money matters needs to be opened, scrutinized, clarified and divided. This is no easy task! To make matters worse, emotions have sky-rocketed, plans and dreams have exploded and the future is uncertain at best.
Help is at hand.
BC’s Family Law Act was designed to help families stay out of court by directing them to “Alternatives” such as Mediation and Collaborative Practice.
When money is an issue, Mediators and Collaborative Practitioners call on Neutral Financial Professionals who are also Mediators and Collaborative Professionals. When there are emotional issues or concerns about the children, there are Mediators and Collaborative Professionals who specialize in mental health. In this way, people have support from specialists in Law, Finance and Mental Health. It might seem counter-intuitive to think that this can be a cost-effective solution. But, it is. How much better is it, to have a financial specialist sort out your financial confusion? Less time, less cost, more clarity and better to have one financial document than fighting over two different ones.
How much better to have a mental health professional guide you through the emotions of separation than a lawyer or financial person?
Yes, help is at hand for that big financial ELEPHANT! That’s what a Neutral Financial Mediator can do for you.
CFP, Qualified Mediator, Neutral Collaborative Professional
The Three Most Important WordsMay 25th, 2017
submitted by Gerry Bock
Nasty Hurricane Andrew
In August 1992, Hurricane Andrew went bananas. Like a drunk on too many Tequilas, he tore into South Florida with wind gusts of 175mph, redrawing the landscape. Approximately 600,000 homes and businesses bore the brunt of his menacing and destructive actions. By the time Andrew left, he had run up a tab of $26 billion dollars and left behind some very angry insurance companies. Andrew was responsible for the second highest insurance payout in history, surpassed only by that associated with September 11. Many insurance company consulted their crystal balls and decided the future in Florida was too unpredictable. So, while they covered the claims, they refused to renew policies.
State Farm Had a Different Opinion
State Farm looked further and assessed the reasons why these homes had been so vulnerable. Hurricane Andrew had blown roofs off because contractors had not anchored them to the frames of the homes. Then, having taken action to understand the situation, State Farm paid out the policy claims and also paid for its customers to bring their buildings up to code. This insurance company was willing to make sure their customers had peace of mind should Andrew or one of his family come visiting once again.
Families can be Like Hurricanes
When crisis strikes a family unexpectedly, it can blow the roof off, leaving family members exposed and vulnerable. When a family has a good internal structure, the roof stays anchored and in place, regardless of the turmoil going on outside the family home.
Which Brings Us to the Three Most Important Words
Webster’s Dictionary defines the word “Client” in the following way: “A client is one who comes under your care, guidance and protection.” This definition places the emphasis on us, as professionals, in our relationship with you, to care, protect and guide, as you recover from unexpected events, assisting you in rebuilding your family to achieve a new and more enjoyable standard of living. When the unexpected blows the roof off, leaving you needing care, guidance and protection, please allow us to bring you and your family to a new, and improved standard of living.
Defeating FraudMay 20th, 2017
submitted by Jas K. Salh
IT’S A HEADLINE THAT APPEARS all too often. Fraudsters posing as agents from the Canada Revenue Agency (CRA) call innocent Canadians saying they owe back taxes. The call sometimes includes a threat of arrest if they don’t pay up. In 2015, 763 Canadians reported being defrauded by this scam, with losses totalling $2.5 million. These figures tell only part of the story, however, as the majority of victims do not file reports.
1 Organized criminals are often the main perpetrators of financial crimes such as this scam, with the total cost to Canadians estimated at $5 billion annually.
2 Financial institutions, police and governments are fighting back with new technologies and public awareness. Here’s how you can help protect yourself.
You can’t always be sure who’s on the other end of the line, so exercise extreme caution with account numbers, passwords, social insurance numbers and other personal information.
Along with the CRA scam, fraudsters have a repertoire of other schemes and often target the elderly. Beware of callers claiming they’re:
■ From your bank or the police, asking for your help in an investigation
■ “Officials” informing you of a prize or lottery winning, and a fee required to collect your jackpot
■ Long-lost family members saying they’re in trouble and need cash to get out of jail (or some other predicament)
If a caller tries to pressure you into buying, subscribing to or signing up for something, don’t say yes until you’ve confirmed they’re legit. The best advice if you feel you’re being pressured? Hang up!
Protecting your cards
For decades, credit and debit cards were prone to fraud. With the advent of chip cards in Canada in 2008, counterfeiting plummeted 76 per cent.
3 Today, use of contactless cards, which only need to be tapped or waved in front of a merchant’s reader, is growing. This method of payment for smaller purchases is fast, convenient and very secure.
4 However, instances of “card not present” fraud, where card details have been stolen without obtaining the physical card, have risen.
5 To help keep your accounts safe:
■ Avoid using birthdates, addresses, phone numbers or other easily guessed numbers for your personal identification number (PIN)
■ Don’t share or write down your PIN
■ Check every statement for unusual transactions
■ Shield your card from “shoulder surfers,” who peek or use cameras to record PINs at automated banking machines and stores
■ Never share your card number, expiry date and security code unless you’re dealing with a reputable company and you’ve initiated the transaction
■ If a card is lost or compromised, report it immediately
Even though cheque use is on the decline, nearly a billion cheques are still processed annually in Canada.
6 Security features such as foil stamping, micro printing and watermarks have defeated most cheque forging – but paper-based documents remain vulnerable to fraud and identify theft.
If you use cheques, follow these tips:
■ Store your cheques safely
■ If you’re issued a cheque, verify its security features (listed on the back). Even high-quality photocopiers can’t duplicate them
■ Accept cheques only from people or companies you know
■ If you’re selling an item, wait for the cheque to clear before handing over the goods According to security experts, e-payments and online transfers are more secure than cheques or cash.
7 Remember, too, that you’re generally liable for losses through cheque fraud, so consider going paperless with your financial transactions. Mail fraud Since mail is still necessary in some cases, exercise caution, especially during tax season. That’s when sensitive statements are sent out and scammers raid mailboxes to steal identities.
It’s a good idea to:
■ Pick up your mail promptly
■ Inform banks, utilities, your employer and any others who should be aware if you change your address
■ Have Canada Post forward your mail if you move or hold it if you’re away
Advances in security
Banks and financial institutions are constantly upgrading security measures to protect clients. Biometric identification is one of the newest methods being adopted in Canada and around the world. These systems analyze unique physical characteristics such as fingerprints and eye, vein and voice patterns to confirm identify with a high level of accuracy. As new technologies are introduced, fraudsters will continue to update their methods of operation. But by being informed and remaining vigilant about your personal security, you can help stop fraud in its tracks.
WHAT TO DO IF YOU’VE BEEN SCAMMED
■ If it’s credit card, debit card or cheque fraud, immediately contact your bank, financial institution or credit card company
■ Report it to local police and to the Canadian Anti-Fraud Centre at 1-888-495-8501
■ Call Equifax Canada at 1-800-465-7166 or TransUnion Canada at 1-877-525-3823 to issue a fraud alert
from http://www.manulifesolutions.ca/docs/en/ws_spring2017_e/ws_spring2017_e_AODA.pdf page 12
Why Becoming Upset about Adversity is a Waste of TimeMay 13th, 2017
submitted by Gerry Bock
Should you walk away when facing the impossible, or test yourself against the odds?
Imagine you are living 3,000 years ago. Your job is to bring food to the battle front. You arrive to find the army quaking with fear, deadlocked in a standoff, afraid of being badly beaten by the opposition.
The enemy is daring your troops to send out their best fighting man to settle the dispute one to one, with the victor claiming the entire spoils. Your army believes that no matter who they send, it will be a losing battle. As a shepherd boy, you are an unlikely warrior, untrained in this type of battle. Regardless, you volunteer to fight. Everyone on your side is relieved, cheering you on, and offering you well-meaning advice.
Up Against a Larger Force
Should the outcome be risked on one undersized shepherd boy? The opposition is sending a giant, armed with superior weapons and shiny armor. This is a mismatched fight from the beginning.
Winning epic battles against the odds will require thinking outside the box.
Creative thinking, alone, will only generate random ideas, and will still need a focused strategy to make it work. To increase the odds in your favour, you will also require knowledge, superior decision making skills, and a system to apply your decisions, as problems are never one size fits all. So what do you do when you do not have the skills and tools needed?
Feel Like Giving Up?
So, what do you call someone who refuses to give up? Tenacious? Courageous? Resilient?
Enter the Hero
Perhaps your definition of a hero is a champion who persists in the face of lousy opportunities for success, to achieve the goal. When we experience adversity, rarely is a successful outcome possible without a long trail of failures and collateral damages.
What is the Difference between Failure and Winning?
We are taught to be tenacious, have courage and keep on trying, as if continuing to work harder, while doing the same things, will bring a different outcome. Greater effort is only useful when we already know what we need to do, and how to get over the finish line.
On the other hand, if we do not have a recipe or system to follow, we are likely headed for intense frustration.
A Qualified Coach Will Make All the Difference
Don’t waste another second being upset. A competent professional will assess your situation, and apply a system for resolving the problem facing you, so you can get on with what is most important to you.
Find a coach, find a system that will work for your situation, and start enjoying your new life.