Finance
TIPS FOR MANAGING YOUR
Financial Future DURING A DIVORCE By Sarah Avila CFP®, CDFA®
W
e all go into marriage hoping for the happily-ever-after ending, but often it doesn’t work out that way. The divorce process requires both spouses to make a host of difficult decisions around financial topics that may be unfamiliar, complicated and emotional – yet these decisions will help create the foundation on which each person builds a new, fresh start. If you or someone you know is contemplating divorce, or even if you are already in the middle of the process, the time to find professional financial advice is now. Partnering with a certified divorce financial advisor (CDFA®) can help you with those financial decisions. Here are three tips to consider regarding your financial investment strategy during divorce proceedings, shared with us by Sarah Avila, financial advisor and certified divorce financial analyst with VLP Financial Advisors in Vienna. 62
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TIP 1: Recognize why professional advice is in your best interest The investment and financial needs of recently divorced individuals often look very different than that of married couples. A trusted financial analyst will get to know you and your needs so she can design a portfolio tailored just for you. “As a certified divorce financial analyst, I work with the client pre, mid and postdivorce,” Sarah says. “By the time the divorce is finalized I generally have a sound understanding of their budget, assets, liabilities, concerns and longer-term financial needs.”
TIP 2: Understand what a CDFA® can do for you When someone is going through the divorce process, they may feel a lot of uncertainty VIVARESTON.COM
