3 Important Considerations for Dealing with Divorce

Not many things have the potential to disrupt a person's life as much as divorce. Proper planning and advice can help. Watch Greg Bradshaw, Managing Director, Wealth Management, discuss 3 critical areas to consider to help navigate divorce.

Divorce is a life changing event. Dealing with divorce is about making smart choices with a clear mind.

Here are 3 important areas that can help the process.

1. Preparation – Know the details of all assets, liabilities, expenses, etc… Proper preparation will save time, effort, and frustration.

2. Build a team – Have a financial advisor, a legal team, and a team to provide emotional support. There will be a need for a good team to assist with the process.

3. Titling of assets – The division of assets among divorcing couples depends on the classification of the property.

Divorce can have a significant impact on one's finances as well as that of the family's. Becoming better educated and speaking with a qualified advisor is critical to helping navigate a difficult process.

We are sorry if the topic of divorce comes up with you or someone close to you, please know that Signet Financial can help.