![]() So much of the struggle both parties face in a separation stems from fear of what lies ahead. The next step is to start re-assessing your future. Ensure utilities also reflect the person staying if one party is staying in the current residence.If renting, update lease agreements to reflect who remains and who is leaving.Most of the time, the decision to separate will mean one party needs to find new accommodation. ![]() Be willing to explore your options without preconceived ideas of what must happen.”ĪSIC’s MoneySmart site has a smart checklist of things to consider:Ī Financial Adviser can help you with many of these first steps. We recommend taking time to work through the financial aspects of separation, starting with your short term needs first. “When a person is faced with the reality of separation, they can be driven by a desire to get it all over with as quickly as possible. There are some immediate actions you will want to take.įinancial Adviser and Director of Invest Blue Steve Fort, recommends taking things one step at a time. In the early stages of separation, each person has to start down their own financial path. Where should you start? What decisions need to be made now, what can wait We can help you regain financial clarity and support your confidence in this area, whether you have been the one to manage the finances or not.Īt all times, our main objective when working with a client going through separation or divorce is to help that person understand exactly what their current situation is, what they have and what they owe what they truly want for their future and what is most important to them, and how to build the bridge to get there. That can leave the other in the dark when it comes to the joint financial commitments and behind on understanding how to manage their financial affairs. In many partnerships, one person tends to take the lead in managing financial affairs. At Invest Blue, we have worked with many people in this situation. No matter how a couple have arrived at the decision to separate, dividing up their financial lives can be a challenge. To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review the Bank of America Online Privacy Notice and our Online Privacy FAQs.What help is available after separation? How do you start to map your financial future when your relationship ends? What are the first steps you need to take? What should you be prepared for? These ads are based on your specific account relationships with us. In addition, financial advisors/Client Managers may continue to use information collected online to provide product and service information in accordance with account agreements.Īlso, if you opt out of online behavioral advertising, you may still see ads when you sign in to your account, for example through Online Banking or MyMerrill. If you opt out, though, you may still receive generic advertising. If you prefer that we do not use this information, you may opt out of online behavioral advertising. This information may be used to deliver advertising on our Sites and offline (for example, by phone, email and direct mail) that's customized to meet specific interests you may have. Here's how it works: We gather information about your online activities, such as the searches you conduct on our Sites and the pages you visit. Relationship-based ads and online behavioral advertising help us do that. We strive to provide you with information about products and services you might find interesting and useful. ![]()
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