Author Description

Studies repeatedly show that money is the most common source of disagreement within a marriage. And that's no surprise. Although most Canadians marry (14 million), few realize that when they enter a marriage or long-term relationship they are entering a business partnership. There are many legal and financial ramifications to every decision made: from how investments are made, to co-signing loans, to planning health care and pensions, to making wills and estate planning. This book explains the legal partnership of marriage and gives women the facts they need to make wise decisions throughout their marriages. It offers straightforward information and advice on how Canadian women can be better prepared for sharing their lives with a partner. It will explain the financial and legal aspects of the partnership of marriage so women can become fully participate in the family finances and make smart decisions throughout their marriages. Highlights include-Do you take this partner -- what you should know going into a marriage from understanding your assets and net worth, handling inheritances, income splitting and tax considerations - In sickness and in health: coverage under his & her health plans, disability tax credits and deductions - So long as you both shall live: choosing between family law and succession law, the importance of wills and estate planning, appointing a guardian for your children - Forsaking all others: how divorce laws have changed, the differences between separation and divorce