Happily ever after is all too often a fairy tale. Statistics show that for many, the nightmare of a divorce will be the reality. If you find yourself going through the ordeal of divorce, please take time to put emotions aside long enough to become comfortable with and fully understand the financial consequences of your settlement.
Divorcing partners often rush into the division of assets. Sometimes both of them have been fully involved in handling the family finances and investment decisions, but often one spouse has controlled or made the majority of decisions concerning the finances during the marriage. In either case, it is very important for each party to find their own trusted advisor familiar with the financial and tax aspects of divorce. This is key in helping each party take the emotion out of the settlement and ensuring that each spouse has a fair and healthy financial outcome.