I'm Getting Divorced - Now What?

from Something More with Chris Boyd Hosted by J. Christopher Boyd

Are you about to get a divorce or currently going through one? Here are some things to consider from Scott Birmingham, CFP® and Jeff Tomaneng, CFP®, who both hold their CDFA® (Certified Divorce Financial Analyst) certification and help individuals going through a divorce with their financial plan. Ø Use an attorney who specializes in divorce or family law. Ø Have money in the bank for typical life emergencies and to cover moving/housing expenses. Ø Look at what expenses will look like down the road – what happens when alimony or child support ends? Ø Set up a journal or cash transactions Ø Freeze joint credit cards Ø Consider if all asset divisions are equitable – some may have additional expenses associated with them If you need help with your financial plan call Asset Management Resources at (866) 771-8901. We offer a complimentary consultation. Recorded on August 17, 2023.