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Abstract
"Because divorce is an emotionally charged event, financial implications - especially over the long term - can be underestimated," said Caroline Dabu, Vice President, Retirement and Financial Planning, BMO Financial Group. "For individuals going through a divorce, it's essential to take a step back from the emotional element and consider finances both short and long term carefully, whether that means revisiting your financial plan or speaking with a financial professional."
"Divorce law has changed dramatically in the past few decades, which often results in misconceptions for couples who are going through one," said Stephen Grant, Counsel, McCarthy Tetrault, LLP. "We often find that our clients are very surprised to see how the law applies to their individual situations."