Note: This article is part of Morningstar Canada's Women in Investing Special Report
Divorce is a tough topic to tackle, but it’s a harsh reality. According to the latest Statistics Canada data, approximately 38% of all marriages end in divorce. And with figures like that, it helps to keep in mind a few fundamental pieces of advice to both fortify your finances and fix any financial follies left in the wake of ‘happily ever after’.
Of course, the best advice around divorce and finances is to avoid any finance-related relationship tensions in the first place. Experts say building clarity and compromise at the start of a relationship can pay dividends down the road.
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