Financial Planning - Getting Through Divorce


Description


Separating creates profound anguish and uncertainty, yet at the same time requires each partner to make important financial decisions. If you’re in the process of separating, it’s likely you’ve already called a lawyer. But the legal work is only one part of breaking up.

Protecting your finances during the process of splitting up is important and the decisions you make can have lasting impacts. In the short term, let us guide you through the financial side of your breakup. You’ll have to decide how to divide financial and other assets such as the house, but when you do, we’ll help ensure you have the right advice in place to support each decision. After you and your partner separate, we will help you review and revise beneficiary designations for registered investments, insurance, pension and other assets covered in your will. And then of course, we can help you come up with a plan to pay for unplanned costs such as legal fees, which are, on average, $15,000 for a contested divorce.1

As you start over, you will probably be faced with new expenses that you were used to sharing – the mortgage, car insurance, internet – so it’s a good idea to prepare a monthly budget with your new circumstances in mind, to see what you can afford. We can look at how your long-term plans and priorities have changed now that you’re single. Reviewing everything from plans for major purchases to retirement, insurance and estate planning, we will work together to develop a roadmap, unique to you, to help you accomplish your new goals.

It takes objectivity to make choices when going through a divorce and emotions can run high. You can keep your finances solid and have peace of mind during and after your divorce with our objective, third-party financial advice and a new plan.


Details

Date Added 2012-11-14
Product Id 10106920