The Financial Effects of Divorce

effects of divorce

Written By: Hollis Hardiman, CDFA™ People who are considering divorce usually think about the emotional toll the split will have on their family. Removing someone from your life who played such a close part in it can be very stressful, especially if there are children involved. But the financial consequences of divorce can’t be overlooked…

Read More

Three Ways Women Can Set Themselves Up For Financial Success

blank

Written By: Lori Price, CFP®, Wealth Manager & Partner Women are increasingly responsible for household finances representing a significant shift from previous generations. These changing trends shouldn’t come as a surprise given that women have a longer life expectancy than their male counterparts and the average age of widowhood is 58. In fact, an estimated…

Read More

Tips for Widows When Selecting a Financial Advisor

woman searching

Ask yourself, “Do I want someone to recommend and manage my investments or someone to sell me insurance to protect my family? –or– Do I want help with money management plus someone to give me advice on protecting me and my loved ones against death or disability, minimizing my taxes, help with my budgeting and…

Read More

Tips for Widows: How to Sort Through the Chaos After the Death of a Spouse

woman

Financial Advice for Widows: 6 Tips The loss of a spouse can be crippling—emotionally, physically, spiritually, socially, and equally important, financially. A recent survey found that 78% of widows said that losing their spouse was the single hardest thing that they have been through and the top financial challenges included adjusting to a loss in…

Read More

Why You Should Hire a Certified Divorce Financial Analyst®

Divorce, court, separation of households

According to Psychology Today, approximately half of marriages in the United States end in a permanent separation or divorce. Whether you’re considering separating from your partner or you’ve already initiated the process, the Certified Divorce Financial Analyst® practitioners at Merit Financial Advisors recommend finding a wealth management professional that specializes in divorce planning to ensure…

Read More

Love it Forward

Broken glass, rose petals

As a widow, there was always something about Valentine’s Day that made me feel unloved.  Of course, this is the complete opposite feeling that this holiday is meant to evoke, but this day can be exceptionally painful for the many women who are experiencing widowhood.  Fortunately, I have found over the years that I began…

Read More

A Financial Advice Checklist for Widows

woman and elderly woman holding hands

Losing a spouse is tough both emotionally, as well as financially. You might be wondering how to plan for your future without your partner, or what will happen to their assets and yours. Well, that’s why the team from Merit Financial Advisors is here to help ensure you’re financially prepared for the future. As our…

Read More

Tips for Managing Money Within a Marriage

blank

As one of the leading services offering financial advice for widows, the team from Merit Financial Advisors has seen firsthand how money can put a strain on a marriage. Although a stable financial footing can lead to a happy, successful marriage, we’ve all heard the saying that with more money comes more problems. Unfortunately, this…

Read More

Divorce After Age 50 and Financial Safeguards

divorce settlement

It’s a good idea to employ a divorce financial analyst prior to a divorce at any age, but it can be particularly vital if you are over 50.  A divorce late in life can have a significant impact on the financial stability of one or both parties. Once you’re past your prime working years, you can’t…

Read More

Thinking About A Divorce? There Are Ways to Help Make Separation Easier!

tearing rope

At Merit Financial Advisors, we have a focus on home finances and helping our clients create strategies to work towards financially stable during troubled times – such as divorce.  Our certified divorce financial analysts are always glad to help make a divorce go more smoothly and offer reassurance during an uncertain process, we also want…

Read More