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Financial Issues This forum is for discussing any of the financial issues involved in your divorce.

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Old 03-01-2007, 12:48 PM
planner1 planner1 is offline
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Question Need legal advise re consequences of signing financial consent form

I am new here so I am not sure if anyone can answer this question for me. Jeff if you have any information on this I would certainly appreciate it.

My situation is this:
I have been asked to sign a spousal consent to transfer money from a Locked-In-Retirement Account (LIRA), to a Life Income Fund (LIF). On the bottom of the consent form it suggests "a spouse should consider obtaining independent legal advice concerning individual rights and the effect ot consent". This is an Ontario form.

My question is:
1. does anyone know the legal disadvantages of signing this form?

2.Are there any advantages to my signing this form, that I should be aware of.

Things are rocky in my marriage right now so I don't want to sign anything until I know the possible outcome of doing so.

Thanks for any information you may be able to offer on this subject.

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