Financial Mistakes Men and Women Make When Getting Divorced

Men and women often make financial mistakes when getting divorced. Learn what they are and how to avoid them. San Diego Collaborative Divorce information 858-472-4022

Men and women often make financial mistakes when getting divorced. Learn what they are and how to avoid them. San Diego Collaborative Divorce information 858-472-4022

Under the emotional stress of a divorce, it can be difficult to make decisions, especially when they involved financial matters. There are several common mistakes that occur. Some are made by the person who is the primary breadwinner, often the husband. There are different common mistakes made by the person who makes less money, or who is the primary parent, often the wife.

Justin Reckers, CFP, CDFA, financial professional and President of the Collaborative Family Law Group of San Diego, offers his advice on financial decision-making during divorce in two new informative articles in Investment News:

5 Financial Mistakes Divorcing Men Make

5 Financial Mistakes Divorcing Women Make

One of the worst decisions both women and men make: hiring a “killer” divorce attorney who will “fight” for them. Starting your divorce process on a contentious track means that all of your discussions about children, dividing assets and the transition from being married to being divorced become more challenging. It often takes a lot longer, and costs a lot more.

The Collaborative Divorce approach avoids the stress and expense of a litigated divorce, and results in healthier long-term outcomes. Contact the Collaborative Family Law Group of San Diego at 858-472-4022 or attend one of our Divorce Options workshops to learn more.

 

Divorce Is Not A DIY Project: CNBC.com

Men and women often make financial mistakes when getting divorced. Learn what they are and how to avoid them. San Diego Collaborative Divorce information 858-472-4022

There are websites and apps for dating. It seems inevitable there would eventually be websites and apps for getting a divorce. With 70 percent of all divorces processed without the help of an attorney in California, there are many couples looking for guidance.

Simple online packages are available offering step-by-step plans for a DIY divorce. Price tags range from $749 to $3,000.

Should you consider one of these packages? In a recent CNBC story, Collaborative Family

Justin Reckers, Wellspring Divorce Advisors, urges caution before using a DIY divorce tool.

Justin Reckers, Wellspring Divorce Advisors, urges caution before using a DIY divorce tool.

Law Group of San Diego member Justin Reckers, Certified Financial Planner, Certified Divorce Financial Analyst and CEO of WellSpring Divorce Advisors, cautioned couples to carefully consider their assets and financial circumstances both now and in the future before going this route.

“Worst case scenario they try to do it themselves and screw it up,” Reckers said. “In most jurisdictions, a division of assets and debt is final and you cannot change it unless both parties agree.” Mistakes often mean a couple must hire attorneys after all, long after the fact.

A Collaborative Divorce can save time and money for couples over the cost of a traditional litigated divorce, and can ensure decisions are carefully considered and will stand the test of time. Contact the Collaborative Family Law Group of San Diego at 858-452-7022 to learn about your options and schedule a consultation with one of our members near you.