Aside from being a huge life change personally and emotionally, being divorced or widowed can seem overwhelming from a planning and financial standpoint. The global pandemic has added an extra layer of stress and complexity in navigating a divorce or estate proceedings around court closings and delays, and against the backdrop of a volatile economy.
The only way to ensure the financial settlement request is truly successful is to have a holistic view of your client’s entire financial picture, not just the settlement amount.As a divorce attorney, you have a unique opportunity during the divorce process to set up your client for future financial independence and success.Having the right data and a holistic view of your divorcing client’s financial picture are crucial in achieving an advantageous settlement.
This blog was written exclusively for It’s Over Easy® and addresses the additional challenges of divorcing during the holidays and a pandemic. Although we may not have full data for some time on how COVID-19 has affected divorce rates, there is evidence to suggest the pandemic is indeed putting high strain on more marriages.