Handling Money After Divorce

By Robin Roshkind, Esquire, West Palm Beach, Florida

With divorce comes a division of assets and debts of the marriage.  It is hard to get used to handling both sides of the coin by yourself.  Especially when the marital pie is cut in half. 

This concept is traumatic for many suddenly single people.  Especially if your spouse handled all the family finances.

So if you end up with substantial assets and don’t want to continue to use the same financial advisors you used when you were married, call us for some suggestions.  We have certified financial planners, investment bankers, stock brokers, insurance executives, CPAs and others we draw upon for their professional expertise. 

One piece of advice I give my clients is to budget properly.  Don’t get back into debt.  Don’t make extravagant expenditures fixing up the home.  Don’t go on that European holiday just yet.  Let the dust settle from your divorce.  It is traumatic.  You have to think clearly to plan your financial future. 

If you are thinking about getting divorced in Palm Beach County, and would like to do some financial planning before you file, call one of the attorneys at ROBIN ROSHKIND, P.A. at 561 835 9091 or click on the Firm’s web site at www.familylawwpb.com.

A Divorce Can Jump Start Your Life

By Robin Roshkind, Esquire, West Palm Beach, Florida

A divorce can and often does jump start your life…instead of looking at a divorce as a failure, as many have a tendency to do, look at divorce as a positive beginning.  You are taking an affirmative step to get out of a bad situation.  Divorce can be like bankruptcy…a reorganization of your life. 

Here’s what you will need during or after your divorce:

1.  Do some estate planning and eliminate your spouse from your will, trusts and other estate planning documents.

2.  Reevaluate your life, health, accident, disability, car and long term care insurances.

3.  Get some tax advice either during divorce settlement talks or immediately thereafter.

4.  Same for financial advice…what to do with your settlement funds.

5.  If you want to go back to school or to work, seek the advice of a vocational counselor.  This is a must if you are asking for rehabilitative alimony and a must if you are planning a professional future that you don’t already have.

6.  See what your real estate investments are really worth to you… evaluate a refinancing or a purchase or a sale, or even becoming a landlord by renting out your property.

7.  Get yourself some psychological counseling.  This will help you with the transition from married to single.

Overall, you have a new you.  With the right attitude you will see how much you can accomplish.  For more information about the divorce process or if you are thinking about getting a divorce in Palm Beach County, call one of the divorce lawyers at ROBIN ROSHKIND, P.A. at 561 835 9091 or click on the Firm’s web site at www.familylawwpb.com for more information.