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Keeping emotions, finances in perspective during divorce

| Oct 8, 2020 | Divorce

It is almost impossible to know exactly when one is making the right decision in life, especially when it is hard to predict the consequences. This is why seeking help during times of uncertainty is generally well-advised. For example, speaking with a financial professional is often a good idea for someone in Kentucky who is going through a divorce.

Every financial decision made during divorce will have some type of effect on the future. Understanding that effect is not always easy, especially when one is also dealing with the emotional side of divorce. A financial advisor should be more familiar with the various possible outcomes, including potential tax implications. Protecting one’s future is not just about the time immediately following divorce, but also for years to follow.

Of course speaking with a financial advisor does not mean that it is a good idea to let emotions run free. It is helpful to do one’s best to put feelings such as frustration or anger aside when making high stakes decisions. Some find it helpful to liken divorce to a business transaction. Otherwise, decisions fueled by such — including revenge — emotions might have unintended consequences for everyone involved.

Navigating through Kentucky’s family law can be an emotional journey all its own, particularly for those who are unfamiliar with the system or divorce in general. Some people may be unsure what their rights really are or who to advocate on their own behalf. For these individuals, speaking with an experienced attorney might prove helpful.