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The best financial advice for people going through a divorce

| Jan 25, 2020 | Divorce |

Most people here in Virginia genuinely believe that when they get married, they will stay that way for the rest of their lives. That means that they may not always make the best choices for the long-term health of their finances. If they decide to get a divorce, they may find that their personal financial situation isn’t what they thought it would be. Fortunately, experts have advice for those facing divorce regarding how they can take control of their finances.

The best way to start is for people to take stock of exactly what their life will look like from a financial standpoint post-divorce as well as what it looks like in the present. Many experts recommend making a budget and reviewing one’s expenses to figure out what adjustments may need to take place. People can also use it as a time to determine future financial goals so they know what they are working toward. 

After that, finding and working with a financial planner is a good idea. Experts say that finding someone who can be a neutral third party can help people going through divorce avoid reacting simply from emotion, which may not always be in their best interest. A professional financial planner can work to ensure that people have considered financial options they may not have thought about that will ultimately help them in the future.

Another professional that someone getting a divorce should consider is an attorney. A legal professional with extensive experience in handling family law cases can help those here in Virginia who are uncertain about the divorce process. It may be the best financial decision the person makes in relation to their divorce.