Create A Financial Plan: The most beneficial thing to do post-divorce is to make sure you know your financial goals and plan for the long term. As someone who examines behavioral neuroeconomics, I have found that money issues correlate with human emotions. Having a robust financial plan leads to less negative emotions. Creating a plan during the divorce proceedings with a Certified Divorce Financial Analyst in conjunction with a divorce attorney relieves the most stress for the post-divorce period. If a plan is in place before you finalize the divorce, you know how much to spend, which lifts financial anxiety post-divorce.
Once you have made the decision to go through with your divorce, take the word “fear” out of your vocabulary. It no longer exists! The one word you can replace it with and recite over and over is “control” because now you hold the power and every move you make, you are the decision maker! You are the ruler of your new universe, especially when it comes to the green also known as your dollars and cents. Olivia Summerhill, is the founder of Summerhill Wealth Management and works exclusively with women by protecting their lifestyle during and post-divorce. Summerhill has extensive experience collaborating with divorce attorneys by giving them the ammunition they need to negotiate the most advantageous settlements for their clients.
Ilyssa Panitz: Can share a bit about your background?