From the course: Personal Finance Tips and Tricks
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Separating the money: Breakups and divorce
From the course: Personal Finance Tips and Tricks
Separating the money: Breakups and divorce
- The end of a committed relationship is always an emotional experience, even when you both know it's the right thing to do. It's hard enough when it just involves handing your ex a box of things that they left at your place, but when you share a home, assets, credit accounts, children, the untangling process requires us to keep a steady check on our emotions as we navigate this major transition. In this video we'll cover six things to keep in mind as your separate your joint property. This is general information, and should not be considered individual legal or financial advice. Please make sure that you consult your own counsel in determining the best plan for you. The first thing to do is ask yourself, "What is my objective?" If you're simply looking at a division of assets and debts, and then you never have to speak to this person again, that's an entirely different situation from having to co-parent for the next several years. Know your end game strategy, and focus on that when…
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