Divorce at any age is devastating, but after age 50, it can be particularly devastating financially.
Dividing assets can be a bone of contention when the proper protective measures aren’t taken, especially when a business is involved.
If you are thinking about divorce, the process isn’t easy and change is hard. Even if you haven’t decided yet, there are a few things you should do to put yourself in a better place should you land on the side of divorce.
The divorce rate, the number of divorces per marriages, continues to rise but the actual number of divorces each year is dropping steadily. Why is this? Because young people are not getting married.
Let’s face it, if you are thinking about divorce it’s because you’re pretty sure there is some greener grass that you’re missing out on. But that doesn’t make the process any easier.
I have learned a thing or two about the interpretations of AZ laws in the courtroom as well as just the “mood” of our courts. So let me give you the bottom line.
So, you’re thinking about divorce. If you are on this website, and reading this article, then you are on the right path. Relax, take a deep breath, and think about these 4 simple things that will help you prepare financially for a divorce.
A sign of the times is that divorce has become so commonplace that there are tons of resources available to help you survive the process.
Maybe you don’t have enough equity yet for whoever wants to stay to refinance after the divorce. Don’t despair. There are still creative solutions for this scenario even with the housing market collapse behind us.
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- Explore the right solutions for your divorce.
- Review your financial situation and settlement possibilities.
- Map out a plan for transitioning to the next phase of your life.
- Identify your fears and decide the best way to address them.
- Connect you with any other resources you’ll need in your process.