Do New Jersey individuals in a divorce need a financial adviser? | Lane & Lane, LLC
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Do New Jersey individuals in a divorce need a financial adviser?

Those going through a divorce can often feel serious financial struggle during the process as they make the various changes that come with divorce. The sometimes drastic changes that are a result of suddenly living on one person's income instead of two can be difficult to cope with emotionally and financially; however, there are individuals who may be able to help. New Jersey individuals going through a divorce may want to consider a financial adviser for the time during and after their divorce.

Oftentimes, in a marriage, there is one spouse who always handles the finances for the couple. While this is fine while the individuals are married, it can leave the other person financially unprepared once the couple separates. For this reason, those individuals who were not in charge of their finances may want a financial adviser to help them get on their feet.

A financial adviser could be used in the divorce process as well as after the separation is finalized. Advisers are present during the meetings to help fairly divide the assets that the couple is in possession of at that time. Advisers can also give advice on certain aspects, such as whether or not the couple should keep their house among other items.

Divorce is not always easy for those involved, neither emotionally nor financially. However, if New Jersey residents decide to hire a financial adviser, it could make part of the divorce easier. If this occurred, it could speed up the process and allow the individuals involved to move on with ease.

Source: Investopedia, "What Type Of Person Needs A Financial Adviser?", Roger Wohlner, Sept. 25, 2014

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