VIDEO: Money Strategies In Divorce
Watch my quick video to learn the money strategies that will keep more cash in YOUR pocket … because who doesn’t want that?
First of all, divorce is hugely stressful with money being a central player orchestrating most of the drama. And these days, money stress is often a key contributor leading to divorce. Your key decisions in this process are dictated by money and what you think you can afford. And if you are in the middle of your divorce, you know that most of the long, drawn-out legal arguments revolve around money. What you DON’T know is that this entire process is about your negotiating for your future! You have to know what you want in order to make sure you are covering all of your bases. You also need to know what your full financial picture looks like. Marital assets include any income or debt that is accrued from the date of the marriage until the date a divorce petition is filed. Most people think that marital assets are divided in a divorce. They aren’t. They are equalized. Once you have a sense of the full scope of your financial landscape, monies will get moved so that you both walk out with an equal amount. What does that mean for YOUR situation?
So, throw out what you think you know about divorce. The reality is that the key focus of the divorce process is on the division of assets, debt and parental responsibilities. It’s that simple. And all of the emotions you are experiencing mean absolutely nothing in a court of law. In addition, you might actually be placing yourself in a worse financial position, if you aren’t negotiating with clarity around what’s most important to you.
Learn my hard-won, lessons-learned on how you can save money in your divorce. Hopefully, you will be happier AND have more money in your pocket after your divorce.
READ MORE in my related article: 7 Money Tips For Getting Divorced.