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BTCC / Hashtag / divorce financial plan
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How can financial planning help during a divorce?

Financial planning through a divorce can help protect your assets and prepare you for going forward on your own. Areas to focus on include asset distribution, tax implications, financial support for the spouse and/or children and potential spousal Social Security benefits. Following a divorce financial checklist can help make the process smoother.

What factors should you consider during the divorce financial planning process?

Key factors to consider during the divorce financial planning process include creating a post-divorce budget, dividing assets and debts, managing debt, addressing retirement and insurance considerations, and adjusting estate plans and beneficiary designations.

What are some financial concerns when dealing with a divorce?

There are plenty of financial concerns when dealing with a divorce. Some of the major financial issues that often arise include identifying and valuing assets, determining liabilities, managing expenses, addressing tax implications and planning for future financial obligations such as child support or alimony.

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