Getting Divorced? Here’s What You Need To Consider.
There’s nothing simple about getting divorced. Whether you’re going to court or mediation, the end of a marriage costs time, money, and resources. When it comes to real estate and other investments, there are a number of considerations to be made. Where will you live? Where will your ex live? What do you do with the family home? This, along with other financial questions, are important as your life transitions. Before Divorce - What do you need to do with your finances? In her article Financial Planning Strategies for Divorce , Gilbert, Arizona Financial Advisor Shanna Tingom of Heritage Financial Strategies, reminds couples to make sure they have access to all financial documentation including bank and credit card statements, retirement and other investment account balances, receipts from up to five years, and deeds to real estate, along with a credit report, and update beneficiaries on all accounts. Keep in mind your credit isn’t directly impacted by divorce, or marriag...