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Divorce and Finances: Tips to Remember

If you are getting a divorce, then you may want to think about your financial knowledge. Divorce involves a lot of money matters, and if you aren’t prepared you might find yourself in a pickle. You will want to do your homework and learn about finances in order to get the most money possible in the split. According to The Huffington Post it’s a great idea to educate yourself in financial planning. You can meet with a friend in the financial department or even hire an advisor to show you how to best organize your money. You will want to raise good questions with your divorce attorney in order to determine how asset division works and why your spouse is more prone to obtain certain assets than you are.

You can also sign up for educational courses on taxes, investing, and other finance-related topics that may be helpful as you move on from your divorce. Most community colleges will offer cheap courses in these areas. Typically, the teachers are financial advisors or attorneys as well, so you can get expert advice for a fraction of the cost that it would take to hire a financial advisor. Some community colleges may even have courses on divorce and finance.

You should be aware of senior seminars that send out invitations for luncheons that discuss retirement benefits and estate planning. Sometimes these seminars are simply pitched investments that aren’t in the attendee’s best interests. The AARP says that seniors should be aware that these luncheons can be a bad idea. You should also prepare a new will after your divorce in order to make sure that everything is up to date. If your former spouse is in your current will, hire a probate attorney to correct that. Talk to a family lawyer today if you want more information about how divorce can affect your finances. Because we deal with splits all the time, the lawyers at Hopper, Hopper & Mulligan, PLLC are informed about how money matters in a divorce. Talk to us today for more information!

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