CNBC has published an article, “Ending a marriage? Don’t get divorced from financial reality in the process”, which discusses financial issues to consider when ending a marriage. The article begins as follows:
A lawyer may be your first call when you decide you want a divorce, but a financial advisor should be your second.
In many cases, a divorce has more impact on a person’s current and future financial well-being than any other event in their lives. Sound financial planning may be the last thing on your mind when your marriage ends — particularly if it ends in conflict — but it may never be more valuable.
“Divorce happens in an emotionally charged environment and you’re making financial decisions in a few months that will affect you for the rest of your life,” said certified financial planner and certified divorce financial advisor Michael Ruger, partner and chief investment officer at Greenbush Financial Group in Albany, New York. “People often don’t look far enough ahead.”
Click here to see the full article: “Ending a marriage? Don’t get divorced from financial reality in the process”
Posted by Anthony Tran, Associate Editor, Wealth Strategies Journal