FAQs about Divorce

May 12, 2012 /24-7PressRelease / -FAQs about Divorce

Psychologists divorce on a par with the death of a loved one, loss of a job and travel as one of the more stressful a person can go in life. From this dramatic change of life, people often have several questions regarding the transition from married to single to finance, investments and real estate issues.

Money

One of the most common questions people have after divorce: how to handle my finances as one person, after part of a couple?

Experts suggest start by making a list of monthly income and expenses, such as payments of rent or mortgage, the costs of food, clothing and utility bills. This list gives a person a realistic idea of its financial situation and income how much he or she has each month. Another technique that can help people who was not liable to pay the invoices so that the bride is to make a list of the due date of each recurring monthly fee to keep track of when they need to pay the Bills.

Investments

A change in the life of the circumstances such as the issue of divorce: how divorce impact my long-term financial planning?

It is wise to seek the advice of a financial planner to review investment and retirement savings plans after a divorce. A professional can discuss the investment options and provide advice on the amount that a person needs to register and what types of investments will be help a person achieve its goals. After the divorce, that it is also a good time to update the accounts, that a person is, looking at the names on the accounts and the beneficiaries of the account.

Real estate

Many people need to sell their homes after a divorce and ask: what are the most important things to remember when trying to sell a House?

Real estate experts advise sellers to ensure that the price they ask for their homes are consistent with the prices of surrounding houses in the neighbourhoods. The next key element is to repair the defects there in order to have the property appear in the best light to potential buyers. In addition, the vendor must ensure that the estate agent that they hire to sell the House gives good exposure home to potential buyers through open days, internet listings, signs of neighbourhood and announcements.

Article provided by Conner & Lindamood, p.c..
Visit us at the http://www.lawcl.com

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