Divorce is hard enough without having to worry about the financial repercussions. That’s where a Certified Divorce Financial Analyst® (CDFA) comes in. A CDFA® is a specialist trained to help you navigate the financial challenges of divorce. Here’s what you need to know about CDFAs® and why you should consider working with one. If you’re […]
One of the most common questions I hear during my first call with someone who wants a divorce or heard it from their spouse is, "where do I start?" It's a great question, and when people stop to think that through instead of jumping into a process that is not best suited for them or their family, they almost always have a better outcome and less expensive divorce.
In divorce, the life you knew it is falling apart. The natural reaction is to cling to what you know and salvage what you can. When everything you thought you knew about your life and your future is in pieces, it can be a struggle to make sense of the fragments that remain. It's typical to want to stay in the house and retain some appearance of normalcy. While it seems like you are providing stability by staying in the family home, think it through. It may be a very high-priced mistake.
As soon as you begin to contemplate divorce, the nauseating, panic-attack-inducing realization of losing half of your net worth kicks in, and you find yourself wondering if it's even worth it to consider leaving if you're going to end up broke and starving.