Divorce Financial Planning

Financial Planning is a key component to security and long-term financial health, in addition to the well-being of you and your family. But what if your marriage turns south? If this happens, it is imperative that you get sound legal and financial advice.

The problem in most marriages is that one spouse typically does not have the same amount of resources as their partner, which means they can get a more expensive lawyer or seek better financial advice. Long story short, the spouse who ultimately asks for a divorce has usually been planning the decision for some time. That essentially gives them a “home field advantage” because they have likely spoken to a lawyer and financial advisor already, and the other spouse is probably caught off-guard.

No one enters a marriage expecting to get divorced. However, it is important that you are prepared for the situation in case it does occur, particularly from a financial perspective. Host Lou Scatigna, CFP® provides insight on how you can do that in this segment from The Financial Physician.

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