In divorce, the acceptance of financial realities is particularly difficult. Many clients just don’t want to think about it, and yet, some of the most important decisions in a divorce settlement are financial in nature. After all, our basic survival needs are met by having housing, food and other necessities.
I can think back to a time where I encountered a couple where the wife, desiring a new beginning, had separated from the husband. The husband, surprised and angry that his 25+ year marriage was ending, was experiencing a lot of difficulty with the idea of sharing the couple’s assets, including a rather large pension. The wife was in a better place than the husband on an emotional level, but had not considered the implications of the financial decisions she would face on her future.
Review what financial matters you should be considering by reading the rest of David’s article.