15 Ways to Secretly Prepare for Divorce With Confidence

15 Ways to Secretly Prepare for Divorce With Confidence

 

15 Ways to Secretly Prepare for Divorce

There are three typical scenarios on the edge of your marriage ending.

 

  • You’re the person initiating it. You’ve decided the marriage is over.
  • You’re blindsided. Maybe the topic has come up occasionally, but you’re stunned that your partner is done.
  • You jointly decide that the marriage is over.

 

This FIIRM Hero blog post will help you figure out how to secretly prepare for divorce confidently under any of those three scenarios. As a Certified Divorce Financial Analyst® (CDFA®), I understand the importance of preparing for emotional turbulence, financial uncertainty, and unpredictable outcomes.

It’s a delicate balancing act to ensure you don’t lose yourself in the process, have an outlet for your emotions, have people you can rely on, and most importantly, your sanity remains intact.

 

withered flower depicting divorce

 

Under all of these scenarios, you could have a very amicable divorce, a very contentious divorce, or anything in between.

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1. Recognize the Signs That Your Marriage Is in Trouble

 

Preparation and awareness go hand in hand. If you’re reading this blog post, you may already know the signs that your relationship is in trouble. Maybe it’s constant drag out fights or just simple irreconcilable differences.

 

However, if you’re still trying to evaluate the situation, you may find it helpful to read “Real Warning Signs That Your Relationship is in Trouble.”  This post discusses warning signs that you might be ignoring. Plus it includes verbatim accounts of the tipping point from everyday divorcees. It also covers a few tips if you think your relationship is salvageable.

 

couple fighting due to trouble in their marriage

 

2. Break Free from Validation Echoes

 

When you’re about to make a big decision, seeking validation or approval is normal.

 

It can help to recognize when you’re trapped in a cycle of seeking validation. Notice patterns in your behavior—do you frequently ask the same people for reassurance?

 

Remember, while seeking advice or reassurance is helpful, it’s problematic when it hinders your ability to trust yourself. Set mental boundaries to help you recognize when it’s time to rely on your judgment.

 

Plus, if the news blindsides you, very few outside opinions can help you find the “answers” you’re looking for.

 

3. Gather Important Documents to Secretly Prepare for Divorce

 

FIIRM Approach clients usually fall into two categories:

  • They are confident they know where all of their important documents are stored
  • It’s been years since they’ve seen the essential documents, but they know they’re in the house somewhere

 

Where do you fall?

 

If you’re preparing for divorce in secret, make sure that you have originals and copies of all critical documents because it’s likely that you’ll need them at some point. This includes:

  • Social Security cards
    • Replacement social security cards can be ordered online
  • Birth certificates
    • Your state’s vital records office can provide a replacement
  • Marriage license
      • Your state’s vital records office can provide a copy

     

documents to secretly prepare for a divorce

 

  • Estate documents (including trust documents)
  • Adoption or Guardianship papers
  • Life Insurance policies (digital copies are acceptable)
  • Previous divorce decrees
  • Military Paperwork
  • Your Financial Inventory

 

4. Knowing Your Worth

 

It is vital to clearly understand the financial landscape, including all assets, liabilities, income streams, and expenses.

Equally important is to gather all financial documents early on—bank statements, tax returns, investment accounts, property deeds—everything. You need a full scope of your financial situation to move forward strategically.

 

Consider creating a ‘divorce readiness’ folder to organize critical financial documents. Divorce forces you to untangle and divide assets that have been interwoven during marriage.

 

 

Secretly Prepare for Divorce with confidence

 

Do you understand the differences between marital property and separate property? Which parts might be subject to division and what might not?

The simple answer is that marital property was acquired during the marriage. Separate property was acquired before the marriage, after separation, inherited, or gifted. Separate property, for obvious reasons, can get tricky. 

You might need a financial advisor to understand and assess the current valuation and future implications.

While everyone focuses on who gets the house, car, and vacation home, don’t overlook the debts.

Of course, these must be divided, too, whether it’s mortgages, credit card balances, or personal loans.

No one wants to shoulder all the debt while their ex walks away with the lion’s share of assets. Do everything you can upfront to ensure a fair division of marital property and debt.

Because of all this, it’s also important to understand your post-divorce financial standing. 

 

5. Think Beyond the Split to Build Your Financial Independence

 

Is your financial security going to be threatened after your divorce?

 

Will your income be enough to cover your expenses?

 

Emergency fund – big enough?

Credit score – high enough?

If not, then secretly preparing for divorce gives you time to change this.

Divorce is a significant life shift but also an opportunity to reset.

 

This includes revisiting or setting up a new budget, reevaluating your financial goals, and retraining to maximize career opportunities.

 

Take control of our finances by becoming more financially engaged pre- and post-divorce. Your long-term financial health is key and isn’t just number crunching. Some of the decisions you will need to make require serious mental fortitude.

 

Moreover, emotional readiness is just as pivotal. It’s about coming out stronger, wiser, and financially secure on the other side.

 

6. Prioritize Emotional Well-being When Preparing for Divorce

 

Divorce is not the time to pick up habits that won’t benefit you during the divorce process. 

While the whole bottle of wine may be comforting, you should prioritize sleep, proper nutrition, and exercise to help you maintain mental peace.

You can make these changes without telling anyone why. 

 

7. Build a Support System

 

Now, if you’re preparing secretly and don’t want to tell the world about then discretion is your friend. Determine which trusted friends or family you can share the information with when ready. Establish boundaries with your support system so they know what to expect with communication, information sharing, and the things you don’t want to share.

Download our Divorce Support Pack to help you figure out what to say to your support system. 

 

8. Quietly Educate Yourself on Divorce Laws

 

Divorce laws are determined by the state & country you live in. Each locale has different regulations, and knowing them can protect your rights. Some states follow equitable distribution, while others adhere to community property laws. Understanding these distinctions, and what applies in your state, will prevent unnecessary surprises.

 

Asset Division: Fair Doesn’t Mean Equal

 

At the core of divorce financials lies the division of assets. In divorce, “fair” doesn’t necessarily mean “equal.” States have different asset division laws, typically under “community property” or “equitable distribution.”

Do your homework so you are prepared for what to expect.

 

 

divorce laws

 

Community Property: States like Arizona and California are community property states, which means the split of marital property and debts acquired during the marriage is split 50/50.

 

Equitable Distribution: Most states fall into this category, in which assets are divided in a manner that’s considered fair but not necessarily equal.

 

9. What Custody Arrangements Will Work For You?

 

 

If you have children, consider the best custody arrangements for them. Write down your nice-to-have items and plan to preemptively discuss ideas with your spouse to find common ground when it makes sense. As you prepare, evaluate various options that could work for your family. 

 

10. Protect Your Online Presence

 

The internet is a frenemy, and most of us have some online presence. Review your social media settings and be cautious about what you share leading up to & during your divorce. You may need to change your settings from public to private or block some unfriendly “followers.”

Whenever you can, go the extra mile to protect yourself from unwanted scrutiny or drama.

 

11. Seek Professional Guidance: When It Makes Sense

 

Early consultation with a legal expert can provide insights into divorce, legal rights, and obligations. Likewise, speaking with a therapist can help process emotions constructively.

However, don’t run up your divorce bill prematurely.

A word of caution: Attorneys play a key role in the divorce process, but sometimes, we call them too soon.

A sound divorce attorney is a God send when engaged at the right time. They can help make the legal process less stressful, protect your interests, and help negotiate terms in your best interest.

 

12. Update Personal Information Strategically

 

Consider quietly reviewing & updating personal records and information.

Update email addresses. Freeze your credit and ensure everything is free of errors.

Discreetly separate joint accounts or organize private communication with selected people if necessary.

 

13. Preparing for Change & New Opportunities

 

Divorce is life-altering. No doubt about it.

 

Embrace the change while grieving the loss of your marriage. Volunteer with organizations you are passionate about. Travel alone to new cities or old favorites.

 

Dine alone or hang out with girlfriends you rarely had time for.

 

14. Plan for Housing Adjustments

 

Whether staying put or moving, consider the logistics of your living situation.

Being proactive about housing decisions can make significant changes smoother when the time arrives.

Staying in the house may make perfect sense, but don’t rule out moving and making new memories.

 

15. Trust Your Journey

 

If you can check off as many items on the list as possible, you will confidently trust your decisions and ability to navigate difficult situations.

 

Taking FIIRM action on any of these steps can help lead you to a brighter future.

 

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Nikki Tucker

Nikki Tucker

Founder & Managing Director

 

Nikki is an experienced financial services professional, a Certified Divorce Financial Analyst ®, and the primary divorce financial strategist for The FIIRM Approach. She helps female breadwinners prepare for divorce to avoid common financial mistakes and confidently maintain their financial security post-divorce. She uses proven strategies within the FIIRM Approach methodology so her clients can manage their money, debt, and credit and be connected to the right resources for the next phase of life. TAKE ACTION & LEARN about the tools that can help make your pre and post-divorce easier. Grab your FREE Divorce Support Pack.

10 Tips – How to Divorce in a Peaceful Amicable Way

10 Tips – How to Divorce in a Peaceful Amicable Way

blog article that talks about how to get divorced in an amicable way

10 Tips – How to Divorce in a Peaceful Amicable Way

Updated January 7, 2025

Originally Published: February 15, 2022

 

“There’s no such thing as an amicable divorce.”

🙄 🙄 🙄

The number of times I see this in social media comments is nauseating.

Maybe the owner of the comment has never experienced one or witnessed it but trust me, as a divorce professional, they do exist.

This blog post will provide tips for those seeking to understand how to get an amicable divorce and ways to approach normal challenges in a contested or uncontested divorce process.

6-8 min read: Looking for the audio summary of this blog post – sign up for the FIIRM Hero Newsletter Community to HEAR what this post is all about when you don’t have time to read it.

 

 

Celebrity divorces happen regularly and seem to have a common theme.

No – not just expensive divorce lawyers. 😊

Press releases!

Their press releases offer the same themes of sadness, wishing others the best, continuing love and respect, the desire to move forward, and of course, the need for privacy.

Then, the divorcing couple moves forward with a peaceful divorce, seemingly drama-free.

As outsiders, we form our own opinions about how we feel about the couple and what we think is happening behind closed doors.

Sometimes, we even express anger, disappointment, and shock because it feels like if we know them personally.

In reality, we are so many degrees separated from the celebrity couple that their divorce will have little to no impact on our day-to-day lives.

But what about when it’s us?

Very often, celebrities lead their lives in such unrelatable ways that there’s not much that the average person can learn from them.

However, I think the trend of reaching an amicable resolution (whether for PR reasons or not) could help us understand how to manage with a collaborative approach.

Setting the Foundation for a Peaceful Divorce

 

It is possible to divorce in a peaceful, loving way.

The FIIRM Approach methodology includes declaring your intention at the very beginning of the process to achieve a peaceful divorce.

 

 

 

Setting an intention doesn’t mean you will do everything right.

However, it’s a chance to hold yourself accountable, manage the expectations of others, and have an open dialogue about your boundaries.

To achieve a peaceful, amicable divorce, a possible starting point could be sharing a “good faith statement” with your spouse.

Communicate your desire for an amicable separation and the intention to reach common ground on topics that may be difficult to resolve.

Inform your soon-to-be-ex that you see the divorce as the pathway to a happier, brighter future for the both of you. (Of course, only say things like this if you MEAN THEM). Your faith statement can be communicated verbally and written as long as the method feels authentic to you.

While you may not have the judgment of millions of strangers to consider as you prepare to divorce, it may be a good idea to manage the expectations of your friends and family by setting the tone in a joint or individual divorce statement can help you get the support you need.

You know…kind of how celebrities do.

Check out our blog post called How to Get the Support You Need During a Divorce to help you understand your power in shaping your divorce experience using effective communication.

 

Check out our Divorce Support Pack to give you the tools to craft your statement.

 

How to Announce Your Divorce

Share how you plan to move through the divorce process, communicate boundaries, and “set the narrative.” 

I want you to be prepared for normal gut reactions questioning your decisions, asking if you tried hard enough, suggesting that you go to counseling and another commentary that may seem insulting or unhelpful once you decide to divorce.

In the blog post above, I mentioned that providing a divorce statement means “You’re being specific and kind in your request while disarming some of these gut reactions.”

Your divorce statement must not be delivered through a publicist or even posted on social media. It can be shared via email, text, at dinner with friends, or even phone calls based on your opinion of the best way to communicate the news.

Too often, people are pulled into nasty divorces, forced to choose sides, defend others’ actions, and, in rare cases, testify in court.

Honestly, except for the nosey humans, most of your family & friends don’t want to get in the middle of your divorce.

They want to support you as you make this difficult transition.

They want to stay above the fray and the “cray-cray.”

Plus, you should never feel obligated to discuss the terms of your divorce.

Of course, sharing a divorce statement doesn’t necessarily stop people from asking questions. Still, I welcome you to take another page from the celebrity playbook and respond with “I don’t have any major updates ” or “There is nothing further to share at this point.”

It may seem unnatural at first because you might be used to oversharing, but it serves as a gentle reminder that you want a peaceful divorce and would like to keep the interference to a minimum.

10 Ways to Divorce in a Loving Way

Divorcing in a peaceful & loving means you have no desire to “fight to the death” with your soon-to-be ex. This may look different for each of us, depending on the divorce circumstances. However, here are a few examples of how to achieve a peaceful, amicable divorce:

  1. Explore less contentious divorce methods, also called alternative dispute resolution methods. Understand that no matter how hard you try, you may end up in court, but note that most divorce cases settle out of court. Regardless of the method you choose, legal advice is pretty imperative.

 

 

Check out our Divorce Support Pack to give you the tools to craft your statement.

 

2. Find emotional/mental support specifically for your divorce journey. Keeping your inner circle tight means sharing your darkest moments with your most trusted friends and a therapist. The common mistake people make is firing their therapist during divorce proceedings or immediately after their divorce is final. However, a therapist can provide valuable guidance throughout the entire journey.

3. Understand your emotional triggers (this does not mean you are not expected to feel emotional). On Monday morning, you might feel relief and deep despair on Monday evening. Suppressing these feelings is unnecessary, as they are a natural part of your healing journey.

4. Understand your partner’s triggers, which will help with more effective communication.

5. Choose mutually beneficial ways to communicate, but protect yourself by following up in writing, when possible, when discussing terms of your divorce verbally.

6. Make sure you are negotiating from an informed position regarding financial matters.  Understand your numbers. This is a good way to protect your financial security.Planning your budget in an amicable divorce

 

7. Refrain from oversharing (this includes family, friends, AND social media). Sharing your divorce story on TikTok or Instagram may feel common as you go through the journey, but it may not benefit your divorce case or your future relationship with your “soon-to-be former spouse.”

8. Spend more time listening. When your partner shares their demands, ask “Why” to ensure you understand instead of making assumptions based on what you think you know.

9. Be mindful of your responses that come from a place of anger or hurt. Pause and collect your thoughts when needed, and try not to interrupt your spouse during negotiations.

10. Understand that everyone will lose in some way…strategically prepare for your losses. Recognize that you are unlikely to get everything you ask for, but it can still be a fair agreement. Your non-negotiables should be reasonable and aligned with divorce laws in your state/province. Once the divorce papers are signed, like the BoysIIMen song, you’ve reached the end of the road.

What Gets in the Way of a Peaceful Divorce

 

Your divorce may not look like something on the Hallmark Channel (Yes, I’m a fan), but you can frame your divorce journey with the best intentions, which, again, is a significant first step.

There are 5 areas of divorce that commonly bring in complexity as well as tension when finalizing your marital settlement agreement (MSA).

I’ll connect the dots in those five areas and the tips above.

Property Division in Divorce

 

The most significant issue when it comes to the terms of the divorce is the division of property.
Whether it’s the home where your “babies grew up” or the dream car.

It is essential to understand that divorce has two main types of property. Marital and Separate property.

Marital property means it’s jointly owned or acquired during your marriage. Separate property means you owned the asset before the marriage or received it as a gift or inheritance during the marriage.

This is not as black and white as it appear,s but let’s focus on the tips.

Tactical Step: To determine what’s marital vs separate, create a list or spreadsheet of all your assets and identify which category each asset falls into. See tips #6, 8, 9 and 10 above.

Where to Begin When Considering Divorce

Debt Division

Marital debts can be as contentious as assets when it comes to division. Secret loans or fabulous spending habits can result in difficult negotiations when dividing debt.
No different than property division, there’s marital debt or separate debt.
Tactical Step: Outside of your mortgage, focus on paying off as many debts as possible or removing your name from joint debts by refinancing them into an individual account. Your MSA will not override your loan or credit card agreement. See tips #3, 4, and 10 above.

 

Child Custody

Remember that the court will prioritize custody arrangements in the best interests of the child/children (particularly minor children) and protect the relationship with both parents if it’s deemed safe.
Tactical Step: Document facts, not feelings. Maintain records of who handles primary responsibilities for your child’s life. Document questionable decisions that have genuinely placed your child in danger. See tips #2, 3, 4, 9, and 10 above.

Child Support

Contrary to popular belief, physical custody doesn’t always directly correlate to child support. For example, a high-earning spouse may have primary physical custody or 50/50 custody and still be required to pay child support to their former spouse.
Tactical Step: Be reasonable, transparent, and cooperative when negotiating your custody agreement. Put your child’s needs first, which will always be favored in family court. See tips #2, 3, 4, 9, and 10 above.

Spousal Support

There are about 7 different types of alimony, which means there’s a lot of room for negotiation. However, income, the length of your marriage, and the state/province where you file for divorce are generally the most important factors in determining spousal support amounts.
Tactical Step: Be reasonable, transparent, and cooperative when negotiating your custody agreement. Complete a post-divorce budget. See tips #2, 3, 4, 9, and 10 above.

The Importance of Documentation

Divorcing peacefully doesn’t mean that there is no paperwork. Don’t get me wrong, determining your tactical negotiation strategy (e.g., your first offer should not be your final offer) is important, but so is your documentation preparation. Organizing your personal and financial documents will make your divorce process less daunting and lead you down the path to a fair settlement. The more organized and transparent you are, the more credibility you bring to your demands and the more confident you feel about your positions.

So, get those bank accounts, retirement plans, loan statements, child care expenses, and tax returns ready to be analyzed so that you appear cooperative.

Benefits of an Amicable Divorce

Divorce presents a tumultuous and often incredibly painful time in your life. Understanding what you might be up against and how you can work through those things as allies vs adversaries, with the right professional help, is important.

There are many benefits to an amicable divorce, but a few of the top ones are:
1. Make the legal process less stressful
2. Keeps the legal fees & overall cost of your divorce down
3. Reduce emotional stress and preserve a future amicable relationship

This post was about learning how to get an amicable divorce. We share 10 tips plus tactical ways to achieve just that. We also developed a guide to highlight information as you navigate your pre & post-divorce journey.

Check out our Divorce Support Pack to start you on the path to survive your divorce.

 

Nikki Tucker

Nikki Tucker

Founder & Managing Director

 

Nikki is an experienced financial services professional, a Certified Divorce Financial Analyst ®, and the primary divorce financial strategist for The FIIRM Approach. She helps female breadwinners prepare for divorce to avoid common financial mistakes and confidently maintain their financial security post-divorce. She uses proven strategies within the FIIRM Approach methodology so her clients can manage their money, debt, and credit and be connected to the right resources for the next phase of life. TAKE ACTION & LEARN about the tools that can help make your pre and post-divorce easier. Grab your FREE Divorce Support Pack.

Tips for Women Starting Life Over After Divorce in Your 40s

Tips for Women Starting Life Over After Divorce in Your 40s

Starting Life Over After Divorce at 40

 

It would be nice if there were more movies, fairytales, TV shows, books, and stories about what starting over after divorce at 40 really feels like. We have been socialized to accept the traditional path of love, marriage, and babies, which is fantastic when things go according to plan.

 

But what about when things don’t go according to plan?

While the divorce rate has improved slightly in the U.S., the struggles post-divorce remain about the same.

 

image of a woman feeling distressed due to the divorce

 

Where are the stories that focus on women over 40 thriving after they’ve had to start over when they realize that their last marriage may not have been their “last marriage?”

 

This blog post will provide tips for women starting over after divorce at 40 or over 40. As a widowed mom and primary breadwinner, I understand how heavy it can feel to start over.

 

These tips are not listed in any particular order because, as they say, everyone’s situation is different. But by the end of this post, regardless of whether you’re one week or five years into your post-divorce journey, you’ll have tactical tips to help you take action for your next chapter with FIIRM confidence.

4-6 min read: Looking for the audio summary of this blog post – sign up for the FIIRM Hero Newsletter Community to HEAR what this post is all about when you don’t have time to read it.

 

How to Navigate the Emotional Turmoil of Divorce to Thrive Later

 

You and I can agree that most people do not go into a marriage planning to get a divorce; however, it’s an unexpected reality, particularly for women over the age of 40.

 

Processing the emotions associated with divorce is critical, and ensuring you have the correct support is essential.

 

While the beginning of a new chapter can be exciting, unexpected events can occur, and it’s essential to be prepared to handle them.

 

If you engaged with a therapist during your divorce process, it can be very beneficial to continue seeking guidance from a therapist to help shed light on new feelings, perspectives, and challenges as you reach the end of your marriage.

 

For example, there will likely be some random moment (usually an inconvenient moment) when it hits you that the person who was once the love of your life is now officially your EX HUSBAND.

 

Or when you thought that because you still love, care, and respect your ex, you would still be friends post-divorce, but he treats you like the wicked witch of the West.

 

Many of us don’t realize the feelings that surface because we not only lost a life partner but possibly also extended family, friendship, and comfort.

 

Those feelings alone require some level of emotional support, but we may have been so caught up in the divorce process that we don’t think about a big item that catches us off guard. When marriages end until you remarry, you lose the title of wife, and for many, that means you lose an essential part of your identity.

 

Therapist Comforting Patient - a helpful tip for women over 40 getting divorced is to seek emotional support

You’ll probably be grateful to have someone support you and your emotional needs through all these conflicting feelings.

 

In addition to professional support, stay connected with a support network you trust who have successfully navigated divorce. A little alone time is okay, but don’t isolate yourself too much as you’re “processing” this major transition.

 

Building Confidence in Your New Chapter

 

Being a wife comes with a lot of responsibilities.

 

Being a parent comes with even more.

 

When the title of wife goes away, most of the responsibilities don’t. Plus, if you become a single mother after signing your divorce papers, you instantly climb to the top of the responsibility mountain.

 

Cooking – yep – we still have to eat.

 

Working – definitely – we still need money.

 

Coordinate pick-ups/drop-offs – Yep, legally, you can’t just abandon them.

 

Making sure the kids feel stable & secure – feels even heavier now.

 

But then there are other little things, depending on how you split responsibilities during your marriage.

 

I can never remember where the water shut-off valve is, so I purchased this little handy sign from Amazon.

 

I also signed up for a pretty reasonable maintenance package for my furnace and A/C because I remember how expensive they were to replace because we didn’t get them serviced regularly.

 

Being the sole decision-maker for so many things can feel overwhelming, but at the same time, it’s a great opportunity to rediscover your strengths and build confidence in managing things the way you think is best.

 

woman working on her laptop while taking notes

You don’t have to learn how to do everything yourself; you just have to make sure it gets done.

 

This makes it the perfect opportunity to follow the FIIRM Approach practice of BID A.D.O – Automate Outsource and Delegate. As a single woman, I have enough stuff to handle and every little bit of help makes a difference.

 

Taking time to ensure that you build a system that allows essential things to get done can help you feel confident as you navigate the next chapter.

 

Secure Your Financial Fill-In

 

Part of the process of building a system includes finding someone who can fill in for you when you are unwell, need surgery, or have something even more drastic.

 

This is where your financial fill-in / your financial BFF will come in handy. I spend a lot of time discussing the importance of a financial BFF in this blog post, but the quick and dirty response is that your financial fill-in is the person you trust with intimate information about your financial life.

 

You Likely Need a Financial Fill-In If:

  1. You have minor children.
  2. You are single.
  3. You are primarily responsible for managing the household finances.
  4. You own assets or owe debt.
  5. You don’t have life insurance.

 

It doesn’t matter if you fall into 1 category or all 5.

 

Hopefully, finding the right person will not take much effort. The only caution is that it probably should not be your former partner.

 

Sometimes, your financial fill-in is also the executor of your estate, so let’s talk about that next.

 

Rethinking Your Estate Planning After Divorce

 

Creating or updating estate documents is an essential step in protecting your financial security as you make a fresh start after your divorce.

 

Married women have the comfort of knowing that, in most states, with or without an estate plan, most assets default to them if their spouse dies.

 

But as a newly single woman, especially a single woman with young children, you need to direct your assets where they should go. Most of us think that the first step is creating your will.

 

The good news is that wills are an essential part of an estate plan. However, before we get to the thrills of a will, as you’re starting over after divorce, it’s important to update your beneficiary information.

 

You will need to review ALL accounts and update or confirm beneficiary information. Even if your divorce decree has directives for beneficiary designations, you have to take action, as things won’t be automatically updated.

 

ALSO READ: What if She Gets Your Money

 

Because beneficiary designations can supersede some legal documents, aligning them with your other estate plans is important. This may require some professional help, but you can always attempt to go at it alone first.

 

Expert advice, such as an attorney or online resources, can help you construct additional documents, such as your will, power of attorney, and other relevant information.

 

However, if you’re not sure what these important documents do or how they impact the future of your estate, allow me to explain the basics quickly.

 

Will – Establishes a guardian for your children and directs your assets to your heirs (family or friends)

 

Lawyer Legal Counsel Presents to the Client a Signed Contract Will - a very helpful tip for woman over 40 considering divorce

 

Healthcare Power of Attorney/Living Will/Healthcare Directive – Dictates who you have selected to make healthcare decisions on your behalf and details your end-of-life directives.

 

Financial Power of Attorney/Durable Power of Attorney – Dictates who you have selected to handle financial matters if you are incapacitated or temporarily unable to carry them out

 

Saving Money for Future Security

 

I will assume that you made important decisions regarding your changing financial circumstances as part of your divorce process.

 

You have a new budget to go with your new lifestyle; however, it’s an excellent time to review your discretionary spending and find ways to save money for certain expenses.
There are many financial matters to consider, but given that your free time is limited, I wanted to give you one item to put at the top of the list.

 

Divorce comes with big adjustments. Granted, eating and keeping a roof over your head is quite an urgent matter. However, your assets, post-divorce, should grow as intended.

 

Additionally life experience has taught you that a happy life means enjoying the fruits of your labor. So I want you to take the time to do a 360 review of your finances and reduce the costs of things you have to pay for.

 

So that doesn’t mean no lattes. It means strategically saving money on insurance, utilities, medical expenses, and subscription costs.

 

Finding cost savings in these areas can be quite meaningful and allow you to build your savings for the future.

 

Moving in with a New Partner

 

Based on conversations with many women post-divorce, the feelings are mixed future relationships. Some want to find love and a new relationship as soon as possible. This can be very easy or quite difficult, depending on your social circles.

 

Others who are happily single are leaving a long marriage, an unhappy marriage, or worse, an abusive relationship.

 

However, once you find the person you would even consider moving in with, it’s important to have intentional conversations and transparent communication.

 

So what does this look like?

 

Determine what you want your new life together to look like. Where do you have strong positions versus flexibility about how your life together will be managed? How well do you understand each other financial positions?

 

How much outstanding debt do you have? How much time do you want to spend discussing money regularly? If you are moving into a new space, how will you document the owner of assets?

 

If reading these questions makes you uncomfortable, you may want to discuss many things individually and as a couple.

 

However, at a minimum, lines of communication should be kept open, and a cohabitation agreement should be strongly considered. This legally binding document is intended to protect you and your new partner before you move in together. It can detail how you expect financial matters to be handled in your relationship. A legal and financial professional can work with you to make fair and practical decisions for you and your partner.

 

Understanding Prenups and Second Marriages

 

If the dating scene is good to you, then you may be considering getting remarried.

Bride and Groom Doing a Prenup Shoot in the Grass Field

 

Prenuptial agreements can be essential to forging a new path to a successful marriage. These agreements outline each spouse’s financial rights and responsibilities, providing both parties with clarity and protection.

 

A prenup can help you and your partner establish a deeper level of trust and transparency because you will be required to cover topics related to financial responsibilities, property division, existing assets or estate plans, debt allocation, and more. If you have children from a previous marriage (minors or adults), income disparity, financial assets, or real property, then a prenup can be beneficial.

 

 

Time for FIIRM Hero Action

 

This blog post was intended to help you better prepare to start over after divorce at 40. It provided insights into steps to take for a new beginning and opportunities to take action today.

 

Divorce presents a tumultuous time. The FIIRM Approach wants to ensure you have the knowledge and resources to get you through this transition. Ready to take control of your financial future? Download our Divorce Support Pack to get started with important post-divorce decisions.

 

 

 

 

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