Security After Divorce
By Stephanie Vokral
Now what? Your divorce is over. You have an agreement with your ex-spouse ordering you to comply with several items. Where do you begin, and how do you implement it? Then the questions come: Are the bills even coming to me, or are they still going to my ex-spouse? How am I going to make this work? Am I going to be alright? Divorce is all-consuming; questioning yourself is totally normal. Having a marital agreement is one thing; knowing what to do with it is completely another!
Your cash flow is a good baseline for your new life. Cash flow is a snapshot of what you have coming in each month and what’s going out in expenses. Having an awareness of your cash flow helps you know what resources you have and how much you can spend each month. It is paramount for budgeting, saving, and planning. Using it to make future projections can give you a glimpse into your future and clues to what next steps make the most sense. It allows you to move forward with confidence as you tackle the marital agreement and daily life “on your own”, in partnership with your financial planner.
Look for a financial advisor, or better yet— a CDFA (Certified Divorce Financial Analyst), who takes a close look at your marital agreement and composes a personalized financial plan allowing you to understand where you are now and what you need to do in the future to ensure you have stable cash flow throughout the months ahead and the rest of your life. I strongly encourage people going through the divorce process to have a financial plan. On occasion, people seek guidance after divorce to get a plan in place and ensure they are complying with the legal document (marital agreement) they recently signed to not be **in contempt of court**. Understandably, people forget about implementing items all the time; but some mistakes could cost you thousands of dollars.
You don’t have to go it alone! I partner with smart “newly-singles” who value this fresh restart and want security as they move forward. As it is said, “two can withstand a foe; a chord of three is not easily broken” (King Solomon). We are here to help!
After experiencing first-hand her own divorce in 2004, Stephanie was inspired to become part of the Vesta team to help other individuals going through this difficult transition. She is a Certified Financial Planner® practitioner and Certified Divorce Financial Analyst® who has served a wide array of clients during her 23-year tenure as a financial advisor. Additionally, being an Investment Advisor Representative and working with clients outside of divorce, Stephanie has developed a proven process to support high net-worth clients with their financial matters well beyond the finalization of their divorce.
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