No one wants to think about divorce or the death of a spouse, but if you were to find yourself in such a circumstance, having a plan of action surrounding your investments and estate would be invaluable. It can be a very emotional time with many variables to consider, and it’s important to be as methodical as possible as the process develops. Here are a few things to keep in mind as you navigate this difficult time:
Managing your finances is difficult enough under normal circumstances, but divorce or the death of a spouse present unique and complex challenges even beyond that. Preparing ahead of time can give you the peace of mind to navigate these situations with confidence. Keeping the aforementioned items front of mind, and consulting with a financial advisory professional can help make one part of this experience a little less painful.