Divorce is a major financial challenge for any individual, and in some cases, it can result in bankruptcy. While your lawyer or financial advisor should be able to provide you with information that will guide your financial choices moving forward, know that if you do not want to file for bankruptcy, you may not have to. These tips can help you avoid filing for bankruptcy as a result of getting a divorce.
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Have you heard the term CDFA (Certified Divorce Financial Analyst) before? A CDFA is one of the biggest assets you have never heard of, and quite possibly never knew you needed, in your legal separation. A CDFA is an invaluable resource that can help save you money, time and stress, during a difficult time. Here is a deep look at what a CDFA does, and how they can be your biggest asset during a divorce.
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The division of assets is a major concern for both parties going through a divorce. Often times, partners work together towards common financial goals, but that doesn’t always mean the contributions are equal. One of the more cumbersome assets to divide in the course of a divorce are retirement savings accounts.
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At a time where most people find themselves at the end of their rope emotionally, it’s challenging to remember the essential steps to take to protect yourself financially. These 5 steps will help you protect your financial future after divorce.