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The financial effects of divorce could be worse than any downturn in the economy. An average bear market lasts 15 months and results in a 32 percent loss in investments, according to investment firm Edward Jones. Meanwhile, a divorce can wipe out 50 percent of a person’s assets and never ends, says Ken Moraif, founder and senior advisor of Dallas-based financial firm Money Matters.
“Financially, there are few things more devastating than a divorce,” Moraif says.
Even the most amicable divorce will result in divided assets and lost household income, but you may be able to minimize the damage by following these seven steps.
To continue viewing this article by Maryalene LaPonsie please click:
http://money.usnews.com/money/personal-finance/articles/2015/08/07/7-financial-steps-to-take-when-getting-a-divorce?utm_hp_ref=divorce&ir=Divorce
For more information, contact the Family Law Offices of Renee M. Marcelle at (415) 456-4444, or online at http://www.familylawmarin.com/
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