The actual cost of a divorce averages $1,353 for an uncontested divorce and $12,875 for a contested divorce according to the Canadian Lawyer's 2011 Legal Fees Survey. Markham, Ontario-based family lawyer, Radhika Lakhani says: "If you go to court, it's going to cost you well over $50,000."
Source: Financial Post: 'Tallying up the financial repercussions of getting a divorce' July 7, 2014
The expected cost of a wedding in Canada in 2014 is
Women are different from men. So are your financial planning needs.
Regardless of the circumstances, parting ways with a spouse is emotionally and financially challenging. While the financial and legal realities of being newly single will be different for everyone, planning ahead can make what will undoubtedly be a painful time a little easier. And when it comes time to stand on your own, we'll be there to help you see the possibilities more clearly.
You won't have to do this alone - you can count on us to help you with:
During negotiations, it's important that you protect yourself, your future and that of your family during this process.
Taking the time to plan for your new life can help make the transition much smoother and ensure that divorce does not derail your financial plan.