Your divorce is final; now what?
Once your divorce is final, you will begin your “Life After Divorce”. We want to provide you with tips and practices to consider as you begin your new life.
Shepherd Financial Partners provides services for divorced individuals including wealth management, life planning, and divorce decree oversight. When you are ready for the next step, contact us to set up your free consultation.
It is very important to know what assets you own, the value of those assets, and where they are held. This should cover everything from retirements to investments to bank accounts, as well as future pensions and social security. Make copies of your and your spouse’s tax returns. These returns can help explain to a financial advisor a lot more than your income and taxes paid: they can help find assets, capital gains and losses, depreciation, and business expenses. The tax returns are also helpful in uncovering undisclosed assets.
After divorce, everything changes. The career that once seemed fulfilling may no longer be satisfying. The job that once adequately cared for you and your entire family may no longer be adequate now that one household has become two. And, the stay-at-home mom who once was able to devote her entire attention to caring for her children on a full time basis may now consider entering the workforce for the first time in years. Facing these changes can be intimidating, but with the help of a vocational counselor, opening up new career possibilities post-divorce may be less stressful than expected.
A vocational counselor or vocational expert is a professional who evaluates the employability of an individual by analyzing that individual’s abilities, interests, education, experience and other qualifications against the backdrop of the current job market. Once this evaluation is complete, the vocational counselor will then assess what type of job the individual will most likely obtain or which career would be most suitable, and how much the individual can expect to earn. A vocational counselor can help newly divorced individuals rebuild and restructure their careers in a way that will better compliment their new lives.
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