Don’t Miss One of These: The Financial Checklist for Divorce
Divorce isn’t just a legal matter; it’s a financial one. If you merged accounts during your marriage, it’s time to undo that. Here’s how:
Divorce isn’t just a legal matter; it’s a financial one. If you merged accounts during your marriage, it’s time to undo that. Here’s how:
The area of finances is one of the biggest hurdles for both partners during the split. Here are some tips on making the most of things as you separate your assets and debt.
A Certified Divorce Financial Analyst will act as the financial expert on your divorce team. Do not use a regular financial advisor, planner, or accountant. Instead, choose someone with a complete understanding and specialized training in divorce finances.
Going through a divorce is stressful. You must set up new living arrangements, decide child custody, and divide assets and debt.
Finances are one of the most significant concerns for most people when they divorce. If you and your partner can work out how to divide your money on your own, you’ll probably both feel far better about the result than if you go to court.
One of our divorce workshop attendees recently asked about alimony and other financial considerations when getting a divorce after retirement age. “He has more saved for retirement than I do,” she said. And that’s a typical concern at this stage.
Divorce itself can be expensive, and then you’re left to live on one income. In some cases, one party must also pay child support to the other. It’s essential to manage your personal finances, so you are capable of taking care of yourself in the aftermath.