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How to Navigate Financial Decisions During Divorce
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[QUOTE="Phantasm, post: 343929, member: 94599"] During divorce, your financial decisions are critical to your wellbeing. To rise above the complexity involved in a divorce, identify all the financial documents and understand your assets and debts, seek help from professionals knowledgeable in finance on divorce cases, be familiar with the law surrounding divorce in order to know where you stand as well as create a budget after getting divorced. These steps will assist you to negotiate the turmoil of emotions associated with separation and save your interests. Keep an eye on yourself by checking it regularly; doing away with mutual funds accounts and opening another one for yourself; also consider tax impacts of monetary choices; get advice from tax consultants. On top of everything else, have discussions with experts about what is fair or not while seeking long term financial security. The post-divorce economic plan should take into account retirement benefits savings as well as setting aside money for emergency purposes. As hard as it may seem but at this point in time self-care needs to be prioritized along with support received from close friends. Financially securing oneself during a divorce process means making decisions that involve some planning, communication and guidance. [/QUOTE]
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