How to keep your Money in a Divorce

Most of us love looking at our net worth, receive gratification watching our account values rise and liabilities decrease. And now you must split this with someone you no longer are in love with? This feeling can be nauseating, envisioning your net worth sliced in half. This doesn’t have to be a disaster where you are left penniless and living under a bridge. 

First, find a trusted financial advisor who specializes in divorce as you round out your team. Having a team member willing to look at creative settlement possibilities can be of huge benefit.

Your divorce is unique and yours alone. Keep in mind that rarely are assets and liabilities split 50/50 to the penny. And you do not have to split every single asset down the middle if you don’t wish. As a CDFA™ I tend to show two options; splitting each asset down the middle and a second, more creative option that considers tax planning and consequences, coupled with the needs of each party planning for the next chapter.

Incorporating financial intelligence can save you heartache and possibly more monies in your pocket at the end of the day. You do not need to settle your divorce blindly- your money is precious, hard-earned and deserves more respect.

Round out your trusted team with the right experts with your best interest at heart. We would love to help you- give us a call!