Whether you’re legally separating or filing for divorce it’s extremely important that you don’t allow your emotions to get the best of you — it’s important that you keep a level head and make certain your financial affairs are in order.
One of the most common mistakes I see many of my clients make is that they are so preoccupied with their feelings (and for good reason!) that they can’t step aside and take stock of their finances. However, what I try to impress upon my clients is that the financial disasters they create during and after a marital dissolution could impact them for years to come.
The following are a list of some of the more important considerations you may want to think about should you find yourself in the breakup of a relationship:
Before you marry again, consult with Estate Planning and bankruptcy attorneys, and an accountant. Each of these professionals can help you plan wisely in the event of another breakup. Something else to consider next time around: A prenuptial agreement!
Divorce Magazine profile here.