In the midst of a divorce? You are not alone. Many women working their way through divorces have to navigate similar hurdles. If you are among them, you may be thinking about what steps you might take to give yourself a strong financial footing once your marriage officially ends. To do so, consider taking the advice of many who came before you and hire a financial advisor as part of your divorce team.
According to Forbes, 61% of divorced women now wish they had hired financial advisors to help them during their splits. Just how might hiring a financial advisor benefit you in the long run?
By helping you create and pursue goals
You may already have financial goals you are working toward, but the path to achieving them might look a whole lot different after a divorce. If you need to figure out new ways to pay down debts, finance college, generate wealth through investments and so on, a financial advisor should be able to help.
By helping you maximize your takeaway
Financial advisors also help you receive everything you are rightly due in your split. In some cases, this might involve helping you determine the value of certain assets, including some you may have failed to consider prior. In others, it might mean making sure you have identified all of your ex’s sources of income so you have an opportunity to divide everything fairly between you.
Rather than ask yourself somewhere down the line whether a financial advisor might have helped your situation, consider hiring one now, while your divorce is ongoing, to maximize your odds of maintaining financial stability.