When you start the divorce process, it can be overwhelming. You may feel that every move you make complicates the situation that much more. One of the aspects of divorce that can be very overwhelming is how your financial landscape will be divided. When you and your spouse work with a collaborative divorce team, you will be supported by lawyers who agree to stay away from court-litigation as well as other divorce experts that can be available to you. The team may include a divorce coach, mental health professional, child specialist and financial specialist. The financial specialist is a valuable […]Read more
Tag Archives: finances
How To Start Over Financially After Divorce?
When you find yourself separating from your marital partner, there are many things to consider. It can be overwhelming. And while it is overwhelming, you need to remind yourself to think with your head and not your heart to make sound decisions about your finances that will span your lifetime. Often when couples are divorcing, one partner may forgo their career to be a full-time parent while the other one works outside of the home. And when this happens, and divorce is the necessary solution, we often see that the person who remained at home during the marital courtship has […]Read more
Financially Recovering After Divorce
The financial stress from a divorce ranks up there with the death of a loved one. A divorce didn’t happen overnight, so recovering from it financially won’t either. The first thing we should mention is to make sure you and your spouse divorce using the collaborative divorce process and a neutral financial mediator. The collaborative process brings financial privacy, amicable agreements and planning for the future once your divorce is finalized by utilizing a financial divorce specialist who can help both you and your spouse understand your financial landscape pre- and post-divorce. Here are a few tips a financial neutral […]Read more
Tips for Maintaining Your Finances During Your Divorce
One thing is for sure, taking financial advice from your friends and family can be catastrophic to your financial landscape moving forward long after your divorce has been finalized. When you and your spouse choose to engage in the collaborative divorce process, financial professionals are ready to help understand your family’s financials privately, no matter how complex they are. When we meet with couples, our financial experts often like to share a few thoughts to help couples through the process. Here are a few: Don’t share your financial situation Decide early on what areas are non-negotiable – what can and […]Read more
How Is Debt Divided in a Divorce?
There are so many issues to decide on when you and your partner are filing for a divorce. It’s hard to know what to consider first. But there is help available when you choose the collaborative divorce process. The collaborative process helps couples to stay away from litigated court divorces. Not only does it save time and money, but it also holistically works with the entire family while working toward a peaceful resolution. Often when our team begins to work with divorcing clients, the couple will ask many different questions, but the one we get asked the most often is […]Read more