After several years of high mortgage rates and hesitation from buyers, momentum is quietly building beneath the surface of the housing market. Sellers are reappearing. Buyers are re-engaging. ...
Published May 1, 2020
It Could Happen: How to Prepare Financially For Divorce
COVID-19 has put many people in the same place for longer than they may have ever spent together. This amount of time may start to uncover how each of you really feel about each other. Rather than just waiting for the freedom to go out and resume normal life again, you or your spouse may now be also looking for freedom from the marriage.
Most people are ill-prepared for divorce on an emotional level but even more so on a financial level. All types of fears and questions come to mind:
Will I be able to afford to keep the house?
Can we each keep our retirement accounts?
Do I really have to share the equity in the home that I bought prior to the marriage?
Who pays for college costs?
How do we split debt that’s not our own?
Is my spouse hiding money?
Will I have enough money to live on?
Knowing how to address these concerns prior to divorce and during mediation can help put you in a better financial position once divorce is finalized.
Find out in the video below what you need to consider and know to protect yourself. This Coffee Connections features Laurie Itkin, Certified Divorce Financial Analyst, The Options Lady. Laurie shares her expertise and experiences helping wives and husbands restart their lives and move forward successfully after making informed financial decisions.
