The COVID pandemic has thrown a monkey wrench into just about everyone's life. Stuck at home, no travel, homeschooling kids and working while those same kids are constantly interrupting and showing up on your Zoom calls. The pandemic has caused families to become closer and spend more time together. That will likely lead to stronger bonds and closer ties for many. But for some people, who entered the pandemic unsure about their relationship and partner already, this added stress and constant contact may be the final straw. Many experts fully expect the divorce rate to pick up as we roll into 2021.
If you think you might be one of those people, now is the time to start doing the research and the background on what it will take and how your life will change. Splitting up a family is one of the hardest things you will do. After having just one household to manage and pay for, now you will have two along with juggling the kids, pets and friends. The financial implications are wide ranging and many people don't even enter this process with a firm grasp of what assets and debts they have, let alone what it costs them to support their lifestyle. Be sure you are not surprised and have a plan. An attorney will help you with all the legal matters, negotiations, rights and everything associated with a settlement. Be sure you have a firm grasp on the financial side. What do you need to move forward? Will your lifestyle need to change? Can you keep the house? Do you just split the assets down the middle or is one of the assets more important and valuable to you or your spouse? These are important questions to answer. A CDFA financial professional knows the ins and outs of the divorce process and can help you with all your financial questions. Don't wait until it is too late before understanding fully what you have, what you need and how best to craft a settlement option that sets you on the rode to independence.
コメント