First of all – you may be behind in the divorce process when compared to your spouse. Perhaps your spouse has been thinking about the property settlement, child custody, and spousal support. Your spouse may already have an attorney.
Your first move may be to tell a close friend or family member. You may be looking for someone who will listen to your side of the story, and offer support and advice. You may want to see an attorney because you may feel that you’re at risk to lose everything and you may not know what to do.
If you’re concerned about your financial future, I highly recommend you talk to an experienced financial advisor, like me, who specializes in divorce-related issues.
You need a team to help you with the overwhelming complexities of a divorce. You may not understand all the legal or financial terms, your emotions may be high, and you may find that people you thought you could count on are no longer available to listen.
Then the questions will start: How much do you earn? How much do you spend? Do you have retirement savings or an investment portfolio?
You may be asked to back up your claims with factual evidence. You may be asked to make decisions. Including financial decisions that could affect your finances for the rest of your life.
Many people facing divorce put off making decisions because they are afraid of the outcome. They aren’t sure what choosing “A” rather than “B” will mean to their financial future. Do you want to accept the proposed settlement?
This can lead to an inability to make any decisions. Putting things off maybe your strategy right now. But it won’t work forever. It could lead to higher legal costs and more frustration.
At Feldmeyer Financial Group, we can serve as a financial neutral and work with you as a couple to find an agreement that works for your family. We can also work with you individually. As your personal financial advocate, we will examine and analyze your financial issues and provide your attorney with financial data so they can negotiate or litigate from a position of strength.
We can help you get everything organized, document your side of the story, and provide you with financial projections for a variety of scenarios to find one that best fits your needs. To help secure your financial future after divorce, contact our office and request a complimentary initial consultation.
Ben Feldmeyer, CFP®, CDFA®, CLTC® is a Private Wealth Advisor and President of Feldmeyer Financial Group, a private wealth advisory practice of Ameriprise Financial Services, Inc. For more information, please visit the Feldmeyer Financial Group Divorce Magazine online profile.
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