When people are getting ready to walk down the aisle to say “I do” to the person they want to spend the rest of their lives with, divorce is often a passing thought, an experience reserved for others. Many of us have heard the statistic that roughly half of all marriages in the U.S. end in divorce. That statistic still holds true for first marriages. But if you’re going through a divorce, statistics are irrelevant: It’s your life that’s being impacted.
If you find yourself in a position where your marriage is coming to an end, having a good understanding of the divorce process and key professionals to involve can help alleviate some feelings of anxiety. It is essential to carefully think about financial matters when going through a divorce. This decision is a huge one — and has consequences that will impact the trajectory of one’s financial future, family and retirement.
