Divorce Settlement

Knowing Everything About Your Divorce Settlement

Barbara Rowens

DECEMBER 7, 2017

Your divorce is finalized, and it’s time to take your first steps forward to starting a new life. This can be a riveting and rejuvenating time for you! You’ve conquered all the emotions, fear, anger and you’re ready for a chapter in life that maybe you can’t even totally imagine yet.
Some people don’t know how to start making positive steps and can end up reverting to habits of their youth with few responsibilities and faulty decisions. Don’t go there. Now is the time to rise above and make choices to better your life instead of making poor choices about money, jobs and homes that will only leave you filled with regret. Harness everything you’ve been through and start building something positive and something meaningful.
Harness everything you’ve been through and start building something positive and something meaningful.
Harness everything you’ve been through and start building something positive and something meaningful.
The first step towards starting a new, beneficial life is knowing your divorce settlement. It’s vitally important to take the time to really understand your settlement. Divorce is emotionally taxing and by this time you probably just want to be done with all the attorney fees, BUT this could represent the best return of all of the fees that you’ve paid along the way. Read over the final decree and be sure you know and understand everything that it entails. If you don’t, schedule an appointment with your attorney or hire a certified divorce financial analyst to assist you.
Ever heard of that dreaded term, QDRO? Well, it’s another legal document that you might need if you get part of your former spouse’s retirement account. Some people come back years after their divorce perplexed that they didn’t receive the 401k or pension payments that they were supposed to. All because no one did or thought they needed a QDRO. Don’t let that be you ten years from now!
Once you know what you have, it’s important to know how to manage it effectively to make sure it lasts! You need a professional. Your financial advisor can help you every step of the way.

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As a CDFA® and divorce mediator, we serve individuals and couples who are facing divorce, by providing smart financial solutions for your amicable settlement and asset separation.

 

As a CDFA® and divorce mediator, we serve individuals and couples who are facing divorce, by providing smart financial solutions for your amicable settlement and asset separation.

 

As a CDFA® and divorce mediator, we serve individuals and couples who are facing divorce, by providing smart financial solutions for your amicable settlement and asset separation.