When fairy tales turn into legal battles, navigating through the aftermath of a divorce can be overwhelming.
If you are going through this process, we want you to know, we truly feel for you and the heartache, worry and sadness this causes. We also know that your biggest concerns will be around finances and how to navigate this going forward.
Perhaps it was the one last holiday gathering that has pushed you to your limits, or perhaps it’s your determination for a fresh start and a brighter future. Whatever the reason, know that you’re not alone in seeking a new chapter.
Transitioning from a shared income to single financial management is just one aspect of the adjustments you’ll encounter during your divorce. We understand the hurdles women encounter in these situations, the emotional strain that comes with divorce, and the substantial commitment poured into a marriage. We believe you deserve support to navigate this rollercoaster journey toward a fair settlement, especially when it comes to dividing assets.
Over the years, we’ve witnessed instances where women settle for less than they deserve in a bid to hasten the painful divorce process, which, if contested, can drag on for years. This is where our team steps in to ensure you receive the fair share you’re entitled to. We get asked so many questions about this life-changing moment that we have decided to share the 4 effective strategies to make the divorce settlement process as equitable as possible.
1. Information Gathering
A secret holiday home. A joint account you’d forgotten about. The last thing you want after you’ve already begun or concluded divorce proceedings are surprises. That’s why we’ll help you gain a full understanding of your finances before proceedings begin. Gather and review your financial documents with the help of your trusted Carrick Wealth Manager.
2. Open Communication
It may be painful but being open to speaking civilly to one another is half the battle if it’s a possibility. Start by sharing your ideal, realistic financial settlement – we’ll help you determine what you deserve. Agreeing on a mediator you both trust and being in agreement before that can fast-track the process and save on legal fees.
3. Understand Your Needs
Remember, you’re not alone in this journey. Our dedicated team will assess your future financial needs support you and guide you through each step of the process . What will your monthly income and expenses as a single woman be, how changeable are these, what are the tax implications for your assets and how will these be best divided?
4. Divide and Conquer
While you need to do your research, never forget that you’re not alone. We’ve walked this road with our valued clients before and now we’re right beside you. Let your Carrick Athena financial advisor lighten your financial worries and find a trusted attorney or mediator who can help you throughout the divorce process.
If this piques your interest, we invite you to watch our latest webinar on marital regimes here: https://youtu.be/sOCv84RbGT4
Divorce is not easy, especially if you feel like you are on your own when it comes to divorce money questions and planning for a life post-divorce. Carrick Athena stands as your ally, committed to safeguarding your financial well-being and ensuring a smooth transition to a new chapter in your life.
