Divorce & Your Finances

Hi everyone! Kathy Longo here with the Flourish Financially Challenge. Welcome to your weekly opportunity to take a few minutes to set a small goal that can help you achieve your larger aspirations. Today, I’m going to talk about Divorce & Your Finances

One of the most challenging and stressful events we can go through in life is the end of a marriage, yet there are financial practicalities that must be addressed.

While most people don’t plan for divorce, it impacts roughly 50 percent of families. It changes nearly every aspect of our lives, and it is both mentally and emotionally draining. Very few things happen overnight in a divorce process, so you have time to truly consider your long-term decisions. There are four practicalities you should address right away in order to organize your thoughts and your finances as you prepare to end your marriage and begin a new chapter in your life.

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Picture of Kathy Longo, CFP<sup>®</sup>, CAP<sup>®</sup>, CDFA<sup>®</sup>
Kathy Longo, CFP®, CAP®, CDFA®

Kathy Longo is a Certified Financial Planner® practitioner, Chartered Advisor in Philanthropy®, and a Certified Divorce Financial Analyst with over twenty-five years of wealth management experience. She is the founder and president of Flourish Wealth Management, an independent boutique wealth management firm in the Minneapolis area.