Divorce can be a painful, confusing, and nerve-wracking experience that has a massive impact on your finances.
As you move from a single household to two separate homes, income will not stretch as far. Studies show that people need to increase their income by approximately 30% to maintain their current standard of living.
Key issues to keep in mind include:
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Personal Budget
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Financial Documents
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Insurance and Benefits
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Taxes
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Retirement Asset
While divorce is life-altering emotionally and financially, doing your financial homework can lead to a much better outcome.
Click here to read the full article on CNBC.com by financial journalist Janet Alvarez.
