Divorce After 50: How It Can Impact Your Financial Planning

Divorce After 50

Experiencing a divorce at any age can be stressful and complicated. In addition to the mental and emotional toll a newly divorced person must undergo, there are also various financial consequences to consider. This is especially true if you share financial accounts with your ex. For this reason, when someone experiences divorce after 50, the…

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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…

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Tips for Managing Money Within a Marriage

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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…

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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…

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Certified Divorce Financial Analysts Debunk 5 Common Divorce Myths

myths & facts

Seeing that divorce is not something you go through daily, many people hardly know what to expect. The lack of information is further fueled by rumors and common misconceptions. This may result in the divorcee succumbing to false, predetermined truths and getting less than they deserve in a divorce settlement. In this article, the team…

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Three Ways Women Can Set Themselves Up For Financial Success

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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…

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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…

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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…

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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…

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