Every divorce is unique and comes with its own set of complications. Rhonda Ducote, AIF®, talks about the importance of understanding your financial plan and some key steps in personal financial management when it comes to divorce or remarriage.
Here’s an excerpt of the article:
“The best way to mitigate financial strife in a family dealing with divorce and remarriage? Be as detailed and thorough as possible. To avoid causing post-mortem divides in your family, use the most precise language possible in your estate plan. Talk with your financial advisor about why you want to divide your assets this way.”
Divorce certainly comes with its own complexities and can impact your life in unexpected ways. Rhonda highlights the importance of staying in contact with your advisor and keeping your portfolio up-to-date, especially during major life changes.
“Be prepared to tackle each stage of your life (with your financial advisor by your side).”
You can read the full article here.