Divorcees are often in a more complicated financial situation than many of the widows and widowers we work with. The reason being widows and widowers had their portfolios in front of them and everything was set while divorce makes planning and decision-making difficult because so much is unsettled.
In this part one of our conversation, we’ll focus on how the house gets handled,
Here’s some of what you’ll learn on this episode:
- Choosing the house over other financial assets isn’t necessarily the best outcome. (3:12)
- How the mortgage gets settled during the divorce process. (8:25)
- The two factors you have to consider – the affordability of the home and the emotional connection to the home. (10:29)
- How the kids factor into this decision and what considerations need to be made. (14:59)
Check out Donna’s new book coming out soon: https://www.widow-wisdom.com/
I found so many of my clients that were in a divorce or post-divorce situation, life felt so much more complicated in their financial planning and their decision making than even many of my widows and widowers.
Donna Kendrick
