
When spouses fail to provide full and complete financial disclosure to each other, they are essentially asking the other spouse to make an uninformed trade. Although most couples recognize that a fair negotiation can only take place with all “cards on the table”, some spouses jump to making their trades blindly.
As an example consider what happens when a spouse chooses to waive his or her rights to the other person’s pension (accrued during the relationship), in exchange for an RRSP rollover of $15,000, or some other arbitrarily mutually-agreed upon amount.
This is a fair trade?
Possibly, but only depending on many
undisclosed factors. It is just as likely that someone just got “Zonked”.
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