Regardless of the circumstances, parting ways with a spouse is challenging, both emotionally and financially. And, navigating the process successfully requires careful planning to answer questions like: What happens to your assets? Where will you live? How will this affect your children? Will your post-divorce income be enough? How will the divorce impact your financial future?
Preparing for life on your own can seem overwhelming at times, but with informed guidance and preparation, you can better navigate the legal, financial and emotional issues to come. Taking the time to outline your situation, including expenses, assets and liabilities, can help you get started. Consider this list a starting point for handling the practical matters of your situation, from gathering the right documents to getting the proper support.
Foundation Wealth Advisors will work with you and your team of professional advisors to help you protect your interests before, during and after the divorce. And know we will also be here to help you plan for your future.
Elana Milianta is a CDFA® (Certified Divorce Financial Analyst) and a recognized leader in Divorce Financial Planning.
