When the prospect of divorce looms, it's natural for thoughts to turn to an uncertain future, with worries about financial stability and support obligations clouding the mind. Amidst this tumultuous period, a multitude of unknowns surface, both financially and emotionally. However, contrary to stereotypes, most couples genuinely seek fairness and equity in their divorce proceedings. Despite the challenges and anxieties, it's essential to approach this life-altering transition with care and thoughtfulness, aiming to create a path forward that ensures stability, peace, and justice for everyone involved.
The concept of fairness in divorce is deeply subjective, shaped by individual experiences, emotional wounds, and unresolved grievances within the marriage. It's a complex terrain where each person's idea of fairness may reside on separate peaks, divided by a river of conflicts and resentments. This stark reality has given rise to a thriving multi-billion-dollar divorce industry. Perhaps there's an alternative perspective worth exploring.
Imagine if you released the insistence on absolute fairness in divorce proceedings. It might sound unconventional but consider this perspective. What if both parties focused not on what the other person was receiving but instead engaged a divorce financial planner to determine what each of them individually needs to ensure their well-being? Subsequently, they could meet with a mediator, starting from this foundation. It might not result in a perfectly equal division, nor meet conventional notions of "fairness," but what if it simply worked, benefiting everyone involved? That could truly be a win-win solution.
Forget about fairness! Release that notion and shift your focus to what truly matters: the upcoming phase of your life and how you can embark on it in a manner that fosters your well-being and preserves your family's unity for the future. As I often advise my clients, my aim is to assist you in becoming the best divorced family possible because, at the core, you remain a family.
This information is not intended to be a substitute for seeking legal advice from an attorney. For legal or tax advice please seek the services of a qualified attorney and/or qualified tax professional.
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Disclosure
Jodie Lane is an Independent Wealth Advisor and a Certified Divorce Financial Analyst®; however, such registration does not imply a certain level of skill or training and no inference to the contrary should be made. The information presented is for informational purposes only, does not intend to make an offer or solicitation for the sale or purchase of any securities, and should not be considered investment advice. Jodie Lane has not taken into account the investment objectives, financial situation, or particular needs of any individual investor. There is a risk of loss from an investment in securities, including the risk of loss of principal. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will be profitable or suitable for a particular investor's financial situation or risk tolerance. Asset allocation and portfolio diversification cannot assure or guarantee better performance and cannot eliminate the risk of investment losses. Be sure to first consult with a qualified financial advisor and/or tax professional before implementing any strategy discussed here. Past performance is not indicative of future results. Investments involve risk, including loss of principal and unless otherwise stated, are not guaranteed. The information provided reflects Jodie Lane's views as of certain time periods, such views are subject to change at any point without notice.
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