Читать книгу Financial Security For Dummies - Eric Tyson - Страница 44

In most marriages that are destined to split up, both parties usually recognize early warning signs. Sometimes, however, one spouse may surprise the other with an unexpected request for divorce. Whether the divorce is planned or unexpected, here are some important considerations regarding divorce:

 Question the divorce. Some say that divorcing in America is too easy, and I tend to agree. Although some couples are indeed better off parting ways, others give up too easily, thinking that the grass is greener elsewhere, only to later discover that all lawns have weeds and crabgrass. Just as with lawns that aren’t watered and fertilized, relationships can wither without nurturing. Money and disagreements over money are certainly contributing factors in marital unhappiness. Try talking things over, perhaps with a marital counselor.

 Separate your emotions from the financial issues. Feelings of revenge may be common in some divorces, but they’ll probably only help ensure that the attorneys get rich as you and your spouse butt heads. If you really want a divorce, work at doing it efficiently and harmoniously so you can get on with your lives and have more of your money to work with. The more spent on legal fees, the less will be left for you and your soon-to-be ex-spouse.

 Detail resources and priorities. Draw up a list of all the assets and liabilities that you and your spouse have. Make sure you list all the financial facts, including investment account records and statements. After you know the whole picture, begin to think about what is and isn’t important to you financially and otherwise.

 Educate yourself about personal finance and legal issues. Divorce sometimes forces nonfinancially-oriented spouses to get a crash course in personal finance at a difficult emotional time. This book and others I’ve written, such as Personal Finance For Dummies (also published by Wiley) can help educate you financially. Peruse a bookstore and buy a good legal guide or two about divorce.

 Choose advisors carefully. Odds are that you’ll retain the services of one or more specialists to assist you with the myriad issues, negotiations, and concerns of your divorce. Legal, tax, and financial advisors can help, but make sure you recognize their limitations and conflicts of interest. The more complicated things become and the more you haggle with your spouse, the more attorneys, unfortunately, benefit financially. Don’t use your divorce attorney for financial or tax advice — your lawyer probably knows no more than you do in these areas. Also, realize that you don’t need an attorney to get divorced. A variety of books and kits can help you. Consider divorce by mediation. Research mediators in your area. Both parties have to agree they want to reach an agreement and are willing to work together to reach that end. The amount of money that goes back to each party and the diminished stress, particularly on children, can be substantial.

 Analyze your spending. Some divorcees find themselves financially squeezed in the early years following a divorce because two people living together in the same property can generally do so less expensively than two people living separately. Analyzing your spending needs pre-divorce can help you adjust to a new budget and negotiate a fairer settlement with your spouse.

 Review needed changes to your insurance. If you’re covered under your spouse’s employer’s insurance plan, make sure you get this coverage replaced. If you or your children will still be financially dependent on your spouse post-divorce, make sure the divorce agreement mandates life insurance coverage. See Chapter 11 for more about insurance. You should also revise your will.

 Revamp your retirement plan. With changes to your income, expenses, assets, liabilities, and future needs, your retirement plan will surely need a post-divorce overhaul.