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Working through Financial Fears During Divorce

On Behalf of | Feb 7, 2019 | Divorce

Do you need help working through financial fears during divorce planning in Carlsbad, Encinitas, Oceanside or Vista?  For many people, divorce is a somewhat frightening step they are willing to take to move toward a better future.

Many couples in San Diego and across the country likely feel the process is worthwhile – and as the saying goes, nothing worth doing is easy.   There are a lot of fears that can creep in during the process, and while they are likely very natural, there are steps that individuals can take to conquer them.

A lot of spouses have trouble working through financial fears during divorce.  These fears can be even more pronounced if an individual was rarely or never involved in the family finances.
People commonly worry about how their lifestyle will change after their divorce is completed.  With the split of assets, life will likely change in one way or another.  In order to really understand where you stand and what you need, it is important to create an income and expense report post-divorce.  This report will give you some insight into how your lifestyle is going to change.

Another divorce fear comes from not understanding the assets involved in a settlement.  You could get $500,000 equity in your home or walk away with $500,000 cash.  Although the two might sound similar, they are very far from it.  Understanding the difference between liquid and illiquid assets will be very important during the process.

Working through financial fears during divorce often involves concern that you will not get a fair share of the community assets.  This is especially an understandable fear for those who don’t know everything about how family assets are classified and divided in a divorce.   In order to squash all of these financial fears, it is important to work with a divorce attorney that can take you through the process and help you reach the best outcome.

We invite you to review the strong recommendations of our clients and contact the experienced Certified Specialists (Family Law) at Burke & Domercq or call 760-389-3927 to schedule an appointment today.