Marital Status
KNOWLEDGE EXPECTED OF: QAFP® Professionals
Highest Knowledge Level: Awareness
Knowledge Levels and Associated Verbs
Awareness
The state of being aware that something exists / to have familiarity with a particular activity or subject
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Understanding
To comprehend the general relationship of particulars / to have an expertise with how something works
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Application
Ability to put information to use / to use knowledge for relevant, practical purposes
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Evaluation
To judge or conclude by utilizing data / a systematic determination of something’s worth or significance
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Define
To state exactly the meaning of
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Identify
To be aware of / to recognize and correctly name / to locate an appropriate resource
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Explain
To make clear the meaning of / to describe something in more detail or reveal relevant facts or ideas related to it
|
Determine
To ascertain / to come to a decision, such as by investigation or reasoning
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Compare
To note the similarities and differences between two or more things
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Estimate
To determine an approximate value for
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Calculate
To find the value using mathematics
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Convert
To change from one form or purpose to another
|
Evaluate
To reach a conclusion or make a through careful study
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Interpret
To give the meaning of / to construe or understand / to translate orally
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Hold cursor over or click on each term to read its definition.
Marriage
- Define marriage for family law purposes.
- Identify when a marriage ceases.
Common-Law
- Identify that the definition of common-law partnership for family law purposes varies across jurisdictions.
- Identify that courts may rely on a variety of factors to determine common-law status for family law purposes.
- Identify the areas of legislation that may differ for married and common-law couples, such as:
- Family law
- Family obligations / support payments
- Matrimonial property
- Division of property
- Wills and powers of attorney
- Intestacy rules
- Pensions
Separation
- Identify when a separation is deemed to have occurred between individuals.1
Divorce
- Define divorce for family law purposes.2
- Identify areas that should be reviewed upon divorce.
- Entitlements under a will
- Entitlements in tax
- Entitlements of property
- Pension entitlements
- Powers of attorney
- Beneficiary designations
- Identify claims that may be made under a petition for divorce, such as
- Child support
- Spousal support
- Custody
- Identify the sources from which spousal support payments may be verified, such as:
- Separation agreement
- Divorce agreement
- Bank statements
REFERENCES
KNOWLEDGE EXPECTED OF: CFP® Professionals
Highest Knowledge Level: Understanding
Knowledge Levels and Associated Verbs
Awareness
The state of being aware that something exists / to have familiarity with a particular activity or subject
|
Understanding
To comprehend the general relationship of particulars / to have an expertise with how something works
|
Application
Ability to put information to use / to use knowledge for relevant, practical purposes
|
Evaluation
To judge or conclude by utilizing data / a systematic determination of something’s worth or significance
|
||||||
---|---|---|---|---|---|---|---|---|---|
Define
To state exactly the meaning of
|
Identify
To be aware of / to recognize and correctly name / to locate an appropriate resource
|
Explain
To make clear the meaning of / to describe something in more detail or reveal relevant facts or ideas related to it
|
Determine
To ascertain / to come to a decision, such as by investigation or reasoning
|
Compare
To note the similarities and differences between two or more things
|
Estimate
To determine an approximate value for
|
Calculate
To find the value using mathematics
|
Convert
To change from one form or purpose to another
|
Evaluate
To reach a conclusion or make a through careful study
|
Interpret
To give the meaning of / to construe or understand / to translate orally
|
Hold cursor over or click on each term to read its definition.
Marriage
- Define marriage for family law purposes.
- Explain when a marriage ceases.
Common-Law
- Identify that the definition of common-law partnership for family law purposes varies across jurisdictions.
- Identify the areas of legislation that may differ for married and common-law couples, such as:
- Family law
- Family obligations / support payments
- Matrimonial property
- Division of property
- Wills and powers of attorney
- Intestacy rules
- Pensions
Separation
- Identify when a separation is deemed to have occurred between individuals.1
Divorce
- Define divorce for family law purposes.2
- Identify areas that should be reviewed upon divorce.
- Entitlements under a will
- Entitlements in tax
- Entitlements of property
- Pension entitlements
- Powers of attorney
- Beneficiary designations
- Identify claims that may be made under a petition for divorce, such as
- Child support
- Spousal support
- Custody
- Explain the sources from which spousal support payments may be verified, such as:
- Separation agreement
- Divorce agreement
- Bank statements
Additional Knowledge Expected of CFP Professionals
Marriage
- Explain when a marriage may be voidable.
- Explain when a marriage is void.
Common-Law
- Explain variables that courts may look at to determine if partners are living common-law, such as:
- Shelter – Living arrangements
- Behaviour – Sexual and personal
- Support – Support of partner
- Social – Presentation of partnership to society
- Societal – Community view of the relationship
- Economic support – Combined finances, supporting the partner financially
- Children – Attitudes and conduct concerning children
Separation
- Explain the risks associated with remaining separated indefinitely.
Divorce
- Define the types of divorce.
- Uncontested
- Contested
- Explain types of support that may be required by law.
- Child support
- Spousal support
- Parental support
- Explain the sources from which child support payments may be verified, such as:
- Separation agreement
- Divorce agreement
- Bank statements