5 Sensible Monetary Steps to Plan a Divorce – Licensed Divorce Monetary Advisor Phoenix

5. Finally, think about the costs associated with a divorce

If you believe it will be a battle for every fortune and advantage, lawyers are involved and $ 20,000 or more will evaporate from your bank accounts. If you can envision a friendlier process, mediation may be in your future. That way, you can both talk about the issues and agree with each other what works best, and save a lot of money in the process. Either way, you may want a finance professional such as a Certified Divorce Financial Analyst® to be part of your team. The CDFA® can help remove confusion about your financial situation, highlight options for how your wealth is divided, and provide a picture of how a particular settlement will affect your financial future 20 years from now.

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