How to Financially Prepare For Your Divorce With Shara Goldfarb

Divorce is a very complicated and emotional process on its own. It becomes even harder when we start separating the money.

Dividing marital funds during a divorce may seem daunting, but there are plenty of things you can learn to make the process as smooth as possible.

Shara Goldfarb is a family law attorney with the Miller Law Group and a certified divorce financial analyst.

On this episode of Divorce Dialogues, Shara joins Katherine to discuss financial considerations that are important to make before starting the divorce process. She explains marital property versus separate property and what funds can be subjected to equitable division.

Listen in as Shara advises on how to be reasonable with your financial expectations going into a divorce, how to gather the proper financial information needed for a divorce, and why you should try to conserve your financial resources during divorce proceedings.

TOPICS COVERED

Why it’s important to gather financial information prior to divorce proceedings and what documentation is the most helpful to have

Why it is easier and cheaper to get all financial information ready for your lawyer before divorce proceedings

How to obtain tax information and bank statements prior to your divorce

The differences between an adversarial process and a collaborative divorce and how it shapes financial discussions with your spouse and lawyers

Shara’s advice on how to be reasonable with your financial expectations if you’re thinking about getting a divorce

Why you should try to conserve your resources with the right professionals involved, rather than spend more money than necessary on a lawyer or other legal fees

Why marital property is subjected to equitable division, but separate property is not

How different kinds of debt, equity, and mortgages are divided during a divorce

Why it is important to work with a lawyer and a certified divorce financial analyst (CDFA) when getting a divorce