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Getting a divorce? Here’s how to tackle those money issues

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When dealing with a divorce, it can be hard to focus on your future finances. However, it’s crucial to face up to them sooner rather than later.

“People often say ‘I just want out,’ but the reality is going to hit you later,” said certified financial planner Niv Persaud, managing director and certified divorce financial analyst with Transition Planning and Guidance in Atlanta.

Persaud finds that lower-earning spouses are frequently unaware of — and surprised by — the true costs of living. For example, if they want to keep the house, they often overlook expenses such as lawn care, roof replacement and property taxes.

Persaud developed a…



Source cnbc.com

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