For the Divorcee

Going through a divorce can change almost every facet of life.  Your family changes, often where you live may change, and the daily routines of handling anything from who gets the kids off to school to how the bills are paid will probably be handled differently.

Divorce often results in a woman who may not be used to handling money taking charge of a large sum of money, which often represents what she'll have to protect her for years to come. It can be overwhelming learning how to manage the assets and distribute them so as to provide for many needs: education for self or children, income supplement today, providing for a home, or retirement funds.

After divorce, some women find themselves in acceptable financial circumstances, while others unfortunately find their financial world in shambles.  This may be the result of not just the amount of money available, but wrecked credit, a list a mile long of account changes to make, and the need for replacement of critical protection items such as health care.

At Women's Wealth Management, we believe the way to get back on your feet is to totally re-group, which includes:

  • Develop a realistic budget
  • Complete a clean-up of lingering financial entanglements from marriage - joint credit cards, household accounts, title issues, wills and other documents which subject you to liability with your former spouse
  • Assess your assets, your understanding of them, and comfort in managing them
  • Determine your financial needs and goals, and what you can expect your assets to provide
  • Develop a plan to accomplish your objectives within your comfort zone

Divorce is often life-altering, but it doesn't have to be devastating. Let us help you figure solutions to your financial needs and desires.

 To learn about how a Certified Divorce Financial AnalystTM may be able to help divorcing couples, read Getting a Fair Settlement, Florida-Times Union, June 23, 2006.

Read articles written by Michelle Ash, CFP®, CDFATM

 

 

  Mars and Venus: Do Planets Align When Investing?

 Asset Protection Strategies: Consider a Tool Often Overlooked

Surviving Divorce: Financially Where to Start

Non-Traditional Family Issues: Financial and Estate Clean-Up After Divorce

 

 

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