Fear and anxiety are normal emotions during divorce. However, you cannot let it discourage you as you move on to your new life.
Change is one thing that is constant in life. But rather than allowing fear to dominate your thoughts and feelings, it is important to gather all of the information you can in order to plan, so that you are ready for every situation and problem that comes.
Here are some concerns that are common while going through divorce:
- I fear that I won’t get a fair share of the assets in this divorce. Simply put, you need to know all your assets and liabilities included in the marital estate. Secondly, you need to know how much each of them are worth. Depending on what you think is “fair” and how much you think you can share with your estranged spouse, the divorce settlement may prove to be manageable or a drawn-out battle. If the family finances are basic and common, dividing them should not be as difficult compared to an estate which is full of complexities such as with family-owned companies, employer stock-options, multiple homes, and non-liquid investments. The more information you know about the family cash flows, the more empowered you will be.
- I fear I don’t know what I will have after the divorce. Again, the right kind of information will help you offset the fear of the unknown. Having sufficient knowledge of the assets and how much they are worth will point you in the right direction and give you a clear idea of what your financial situation might look like after dividing the marital estate. Be honest with your post-divorce expenses and the source of income you will have. It is important to know that home equity and stock options will not be enough to pay the bills. You need to have a clear sense of your finances by knowing where you stand on income and expenses.
- I fear not having a clear idea of what my lifestyle will be after divorce. Fear of the unknown can be countered by having a clear picture of your financial standing. Your lifestyle will depend on how much you earn, what you will get out of the divorce settlement to help you start with your new life, and how much you will spend on bills. If you have a clear sense of what the marital estate is worth and how much you are looking to get, you can adjust your lifestyle accordingly. You need to be actively involved every step of the process of divorce, to guard against being shortchanged or blindsided. Financial preparation is key. If you have all the right information, you will be able to prepare properly for your divorce. While going through a divorce, it is important to maintain a positive outlook that things will get better. Adaptability and acceptance of your independence goes a long way in preparing for the next phase of your life.
Our team is here to guide you through your divorce step-by-step. We understand that there are many emotions that you are going through, and our goal is to take you from chaos to clarity. Become a member today to learn more about how Flash Divorce can support you through this process.