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Financial Center for Women

Divorce Planning: A Guide to Prepare You for the Divorce Process

Divorce Planning: A Guide to Prepare You for the Divorce Process

Has your marriage come to an end?

There are few events in life more painful than divorce, but you need to take the divorce planning process very seriously.

After all, there are many important details that need your attention. This means that you need to keep your emotions in check and focus on the road ahead rather than grieving the past. There will be plenty of time to grieve once the divorce is finalized.

When you are over 50, ending a long-term marriage, it might feel like you'll never recover, but you must take steps to care for your children and protect your finances. It's also important to embrace this moment as the start of an exciting stage in life.

Try to Keep Things Civil as Possible

Even in the best of situations, divorce is never easy. But it's in your best interest to maintain as much peace as possible between you and your spouse.

Keep in mind that when things become volatile, everyone suffers, especially the children, making a sad and painful experience worse than it has to be.

Many divorcing couples find it helpful to work with a mediator to help the process go a little smoother and facilitate better communication between both parties.

Hire an Experienced Divorce Attorney

It's a good idea to have an experienced divorce attorney on your side. This is true even when the divorce is amicable. A skilled attorney will make sure you get everything you deserve and keep your spouse from taking advantage during this moment of extreme vulnerability. 

Get Organized

During the divorce process, it's also crucial to get your life organized. Especially when it comes to your personal finances and all legal matters. 

Stick to a rigid schedule, stay on top of your children's schedules, work out, eat a healthy diet, and focus on moving forward.

Hire a Financial Planner

Speaking of finances, this is a great time to hire your own personal financial planner. This is a finance professional who can help you make plans for the future, make informed investment decisions, and start growing your wealth for retirement.

Talk to Someone

There's no denying that this is a difficult time in your life. That's why it's a good idea to talk to a counselor. A good therapist can help you process difficult emotions so that you can focus on the big picture rather than just the pain.

You'd also be wise to join a support group of other women currently going through similar circumstances.

Divorce Planning for Women Over 50

There's never a good time to go through the process of divorce. Just remember that you will make it through this and the future is filled with hope. The key is to focus on divorce planning so that you will come out the other side feeling strong and more determined than ever.

Please contact us to learn more about how we can help you take control of your future by making informed financial decisions today.