Emotions typically run high in a Georgia divorce. However, it may serve you well to keep your emotions under control as much as possible so that you do not let other matters fall to the wayside. For example, your financial situation may undergo quite a bit of change when you split from your spouse, and failing to take certain steps while your divorce is ongoing may lead to financial losses down the line.
Per U.S. News and World Report, a growing number of men and women navigating divorce are hiring divorce financial advisors to help them navigate the fiscal side of things. When might you want to think about adding a financial advisor to your divorce team?
When trust is gone
It is not uncommon for spouses to hide assets or money from one another, particularly when a divorce is imminent. However, it is not always easy to find these hidden assets and income streams. Many divorce financial advisors have the training needed to identify concealed assets, helping ensure you get your fair share.
When retirement is near
A financial advisor may also be able to help you position yourself well for a comfortable retirement. The advisor should help guide you away from making common retirement-planning mistakes. He or she may also be able to help you set a budget for retirement and figure out how to stick to it, among other efforts.
While these are two common reasons you may want to enlist the aid of a financial advisor amid your divorce, this is not an exhaustive list of all areas in which they may be able to help you.
