My wife, Keri, and I are coming up to our 28th wedding anniversary. Recently we were back at the church in Regina where we were married, and it was fun looking back and remembering that special day, June 10, 1995.
If you’re married, or have been married, you know it takes a lot of work to make a successful marriage. Even then, it doesn’t always work out.
Flip a coin. There’s a 50% chance it’ll land “heads” – and a 50% chance you will flip “tails.”
There is the same probability that half of your financial legacy to your children and grandchildren will be lost.
How?
Divorce.
It’s one of the four wealth predators. According to Statistics Canada, about 28% of married couples in Canada divorce. The divorce rate for subsequent marriages is even higher.
Divorce happens. Sometimes for weird reasons…
After 17 years of marriage, a woman called her husband, only to discover he had left his phone at home. When she glanced at the screen, she saw that her husband had named her “Guantanamo” after the notorious American prison.
The wife, completely livid, filed for divorce, stating that the nickname proved her husband was a tyrant she could no longer be married to.
The husband, however, said the name wasn’t about what he thought of her; it was to maintain his privacy. He didn’t want others to know he was talking to his wife.
It was a bitter divorce.
How would you feel if you left money to your granddaughter, only to have her to lose half of it in a bitter divorce? It happens more than you may realize.
Be sure your legacy is protected from loss due to divorce – and the other three wealth predators. Connect with us to find out what they are, and how you can defend your wealth.
When you retire, you switch bosses – from the one who hired you to the one who married you.
– Gene Perret
