Ending a marriage? Don’t get divorced from financial reality in the process
Andrew Osterland covers the following points:
- Sound financial planning may be the last thing on your mind when divorcing but it may never be more valuable.
- “People make mistakes in the divorce process that leave them vulnerable,” said certified divorce financial advisor Stacy Francis, CFP, president and CEO of Francis Financial in New York.
- Here are five key financial issues to consider when ending a marriage.
Five key issues to consider in divorce
1. Mediation versus litigation
2. Budget for the long-term
3. Watch your assets
4. Mind your taxes
5. Update your life
Source: Financial Planning for Women