Divorce Financial Planning
We specialize in preparing your finances for divorce and beyond. Here we share interviews with financial advisors, free downloads to get started and help with…
Divorce brings BIG changes to your finances. Divide & Thrive's Alex Beattie had a great 20 minute conversation with financial planner Josephti Cruz (The Wealth Garden ) all about preparing your finances BEFORE divorce, and the realities you'll deal with AFTER divorce. Divorce is hard. Divide & Thrive makes planning for one easy.
There is a lot of financial planning you should do when considering divorce. I know it can feel daunting but remember, doing your homework before you divorce sets you up to make smart choices and create the best version of your next chapter! Don't worry, Divide & Thrive has got your back. Here are some expenses you'll need to consider when preparing for a split:
Financial considerations that are important to take into account when going through a divorce. Divorce can strain your finances as well as emotions. But being prepared with an investment plan before, during, and after divorce can help protect yourself and take charge of your future financial well-being. Let’s take a look at a few of the financial considerations that are important when going through a divorce:
If you're getting a divorce and have children you'll need to keep in mind that there are a lot of expenses that both parents will continue to split even after divorce. Having a clear understanding of what child expenses are joint and ongoing goes a long way to help eliminate confusion and resentment between exes.
Living with limited or no savings can make you feel like you're walking on a tightrope with no net to catch you if you fall. After a divorce it's especially difficult. The financial ramifications of divorce, especially for people 50 and above, can put you in a position to start from scratch at a point when you have less time in the workforce to make up for the money you lose after a split. Here are three things to consider to help you build your savings after divorce