Finding Financial Security–Even in Divorce
I climbed the 20 foot pole and stood on a tiny platform–terrified. The instructor yelled for me to jump. “Are you crazy?!” I thought. How could I have EVER thought leaping for that slender rope to swing through the trees a good idea?
Fear of financial ruin grips most people contemplating or going through divorce. Most of the advice divorce professionals offer seems like asking them to jump for too slender a rope to carry anyone through the financial demands of life.
How does a couple already fighting over too little money find a way to support two households on the income that isn’t supporting one? How does a stay-at-home parent find a job after years out of the workforce? Will the divorce process itself bankrupt the couple?
Questions like these often make those going through divorce feel like they standing on a tiny platform, far from safety, and being asked to leap into the unknown. It doesn’t have to be this way.
Mediators help clients make informed, reasoned decisions about how to use the assets they have built together to create a financially secure future for each–and for their children. Though emotions run high, when couples begin to work together with this end in mind–the fear of financial doom gives way to hope for the future.
Steps for achieving include:
- Prepare a budget. Information is power. Most Americans have no idea where their money goes. Taking stock of every source of income and every expense gives you both a realistic view of how much you truly need to live and of where potential cuts can be made.
- Create priorities. Which is more important–private school or summer camps? Does keeping the house offer the security children need or does the financial strain create insecurity? Will selling the family business create freedom or financial disaster? Mediation offers a process which enables you work together to create a common core of financial priorities. These then guide how your property can be used to achieve these.
- Get expert help. Mediators are trained to help you get the most from your assets. As mediators offer the pros and cons of a variety of options, couples are prepared to make the strategic choices needed to ensure your entire family moves forward securely.
Divorce doesn’t have to mean financial ruin. Just as the ropes instructor coached me on how to jump for the rope and glide to safety, mediation can offer you the same support and expert input to gain financial security. Even after divorce.
If you would like more information, please call The Resolution Center at 317-344-9740 or email info@TheResolutionCenterIndy.com