Common Mistakes Women Make in Divorce
It’s no secret that life during divorce can be emotionally devastating!
It can lead to many mistakes that could be avoided with proper planning. It can be difficult to think rationally while grieving a relationship and a life that might have been.
— That is why our financial experts make themselves available to guide women in transition through the financial hardships and hurdles to avoid some of the common financial mistakes that many women make before, during, and after divorce.
Many women fail to financially prepare for a pending divorce. Whether they initiate or are blindsided by their spouses, it is crucial that women maintain a thorough knowledge of their marital finances. Our tax professionals can help you prepare by teaching you to access your available funds and educate yourself about your credit. A certified divorce financial advisor will also go over the important documents that you will need such as tax returns and investment account information.
It can be easy to let your spouse take over the managing of the marital assets and fall into complacency. However, this can be detrimental to your post-divorce financial future. Our financial experts will help you to learn which assets are shared, marital property and which are separate. It is important to know what you are entitled to during your divorce so you can make reasonable requests without being cheated.
Planning for the Long Term
One of the biggest mistakes women make in divorce is just trying to get it over with. The emotional toll can take precedence over securing a stable financial future and building a new life after divorce. That is why our experts are on hand to help you navigate the murky waters of financial negotiation so you don’t give up too soon. We will help you determine your asset value and financial worth as a divorced woman. We will analyze and leverage your settlement options to ensure the best possible outcome.