Divorce
and Money
İMoney
Magic, Inc.2/10/01
Saturday Daybreak KATV, Chn. 7
Mary
Ann Campbell, CFP
How to make
the best financial decisions during divorce.
Divorce
is not the best time in the world to deal with money. But it may
be the most crucial. In fact, making financial decisions is possibly
the most important job you have when a marriage ends.
Legal
advice is plentiful and therapists or support groups can help
you through emotional upheavals. You also need a guide to help
you make sense of your financial life.This book helps as there
is a big difference between legal and financial reality.
A.
Lessons in Legal Reality
a.
Most divorces are settled out of court.
b.
Generally divorce law is local.
c.
Don’t expect the legal system (or lawyer) to take care
of you.
d.
Your future is n your hands-not the court’s.
e.
It’s easier to write laws than to enforce them.
B.
Your Best Strategy: Think Financially-Act Legally
a.
The legal process of divorce is something you will live through-but
the financial reality is what you will have to live with
for the rest of your life. Make the financial the centerpiece.
C.
Legal vs. Financial Stages of Divorce
Nolo’s
website, www.nolo.com, contains legal information
and resources that will help you through your divorce. Other helpful
links (some of which require small membership fees for full participation)
are: www.aaml.org, www.divorcecare.com,
www.divorcecentral.com,
www.divorceinfo.com,
www.divorcenet.com, www.divorcesource.com,
www.divorcesupport.com,
www.flyingsolo.com.
Divorce
mediation offers separating couples the chance to work with a
neutral third party to resolve differences and find solutions-often
in a matter of weeks-in a non-adversarial environment. Mediation
helps prevent bitter court battles, save money, divorce more quickly,
and soften the blow on your children. This manual tells you how.
180+
things to do and 8+ things not to do before your divorce. This
is a book of wisdom and advice from others who have experienced
the process of getting unmarried. Learn from their mistakes, without
paying the price yourself.
Download the Divorce Reality legal and finacial
stages charts!
31 kb, Microsoft Word
