When love is in the air — June is the wedding season after all — financial planning and sense sometimes goes out of the window
The Province
June 2006
While the financial-planning set might stand accused of beating their own drum by advising the absolute necessity for economic and financial planning, they do present a strong case for taking some professional advice when it comes to saying "I do," especially for the second time around.
They point out that amid all the love and honeymoon anticipation, too many forget to include a visit to a financial planner, or at the very least taking some independent financial advice in their plans.
There is indeed a host of important decisions to make when getting married — and this is especially so for second marriages.
"By taking a 'what's mine is mine and what's yours is yours' strategy, you may be overlooking some important planning opportunities or potential pitfalls," says Marc Lamontagne, a financial planner at Ryan Lamontagne Inc.
"For instance, did you know that divorce does not invalidate a will, but marriage does?" he asks.
Full text: Before you waltz down the aisle: take stock of your finances and goals
