Ask anyone who’s been there, certain things are given about divorce: It’s an uphill battle, fought in language you don’t understand, using money you can’t spare, for a prize that’s only half of what you had before. An attorney will guide you through the legal aspects of divorce, and a good therapist will provide emotional support. What about the financial impact of your divorce? Given those harsh money realities, what can you do to make sure your newly-overhauled financial ship doesn’t sink?
It’s not easy to foresee what a proposed division of assets during divorce will mean for you in the years ahead. The more you know about your pre-divorce financial picture, the better. Knowing what is most important to you and being willing to compromise are valuable tools. But how do you decide what constitutes a fair share of the assets for each spouse? That’s where a financial advisor who specializes in divorce comes in. What’s missing in most divorce processes is financial expertise, the input of a professional who can help you determine the best settlement options for you.