If you’re even thinking about a divorce, chances are your stress level is much higher than it usually is, and you probably spend a lot of your time feeling emotionally exhausted. There are certainly things you can do to help your mindset like…
- Staying active.
- Giving yourself permission to feel whatever you need to feel.
- Making time for fun when you can.
But what about when it comes to your finances?
It might be hard to believe that you can outsource stress, but you can! By working with someone who understands the details surrounding finances and divorce, you can take at least one major thing off your list of triggers.
Here are 4 ways a CDFA® can help alleviate your stress
Answer financial questions
Undoubtedly you will have a lot of questions about how the divorce will affect your financial situation. A CDFA® professional will help you gather the necessary documentation to make sure you have a complete picture of your finances.
Divorce is a highly emotional time. A CDFA® can provide an objective perspective on what is “fair” or “equitable.” There can be taxable consequences when splitting assets, so you want to be sure you are working with someone who understands the ramifications.
Come up with a divorce strategy
Do you need an attorney? Or do you prefer a mediator? Will you need a QDRO (Qualified Domestic Relations Order)? Sitting down with a CDFA® can help guide you in the right direction because they often work with a team of divorce professionals and might be able to refer someone. Your team can then create a divorce strategy that might be able to save you time, money, and headaches in the long run.
Help create a new budget
Your budget may look very different after divorce. You may have increased living expenses. A CDFA® can help develop a budget and help make sure your everyday expenses are covered.
Remember that you don’t have to go through this process alone – it’s all about taking the first step. Once you have a trusted professional on your side, that person can help guide you through the process and connect you with others who can help as well.
Ready to move forward? CLICK HERE to schedule an appointment.