August 01, 2020 Feature

Important Financial Planning Considerations in Divorce

Marty Babitz

The author, freelancer, and journalist Gerald Lieberman once said: Divorce is a declaration of independence with only two signers. Despite this optimistic interpretation, it is no surprise that divorce can be emotionally and financially traumatic. It is important to have the knowledge and confidence to make informed financial decisions. Going from sharing financial decision-making to complete independence can feel daunting. Who helps ensure you are on the right track? What is a reasonable budget? Can I stay in my house? What is the impact of alimony or child support, or both? How should I deal with our debt? How do I want to distribute my estate?

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