Separation and Divorce have Financial Consequences
Over 20 years ago, a client of mine asked me a profoundly serious question. He asked, “what should I not do so that my wife and I can retire with dignity, hope, and comfort?”
The answer I gave was simple and straightforward. Do everything possible to continue to build a stable and reasonably happy marriage. Do not get divorced!
The reason that I responded to my friends in that way was because of my observations of other people that had gotten divorces and those who enjoyed happy marriages. (I have to add a caveat that says that a happy marriage does not guarantee wealth, nor does a divorce result that a couple become destitute).
It has been my observation that couples make life more difficult by having sad marriages that often end up with the cost of separation and divorce. If they end up fighting, the legal fees most often use up much of the resources that are being fought over.
I recently came across a YouTube presentation which I think you will benefit from. Unfortunately, the presentation is based upon American research and experiences. You will have to make the translation to our Canadian perspectives, however, given that our North American experiences are quite similar, the information is extremely useful.
Conclusion: My goal as a Chartered Financial Divorce Specialist is to help those couples that are divorcing, do so in the most financially efficient way possible. There can be life after divorce, and it is vital that people be able to create a financial plan to build their respective futures. Call me at 250-417-1321 or email me at [email protected] if you have any questions.