How To Financially Prepare For A Divorce ~Next Step Divorce Solutions

How To Financially Prepare For A Divorce ~Next Step Divorce Solutions

Before you enter into a divorce it’s important to know how to financially prepare for a divorce to make the transition as simple as possible. Click here to learn more about our process-

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Gathering financial information for your divorce can be confusing if you aren’t quite sure what you have and what it all means. Once you know you’re moving down the path of divorce, you want to start collecting every piece of financial information you can get your hands on. There are several different types of investment accounts; you have Individual accounts, joint accounts, IRA’s, 401ks, pensions, annuities, and the list goes on and on. After tax accounts are normally the easiest to split and will often offer the easiest liquidity, or accessibility, with minimal tax repercussions. Retirement accounts can be a little trickier. Employer plans, like a 401k, will typically require a Qualified Domestic Relations Order, or QDRO, that must be filed with the plan administrator and courts before the account can be split.

Next Step Divorce Solutions is located in Houston Texas at 118 Vintage Park Blvd., #W712. Owner Tessa Elrod worked for over 10 years in the financial service industry and recognized the need to provide individuals and couples with a more informed and easier divorce process. Tessa has her Bachelor’s degree in Personal Financial Planning from Texas Tech University and is a Certified Divorce Financial Analyst (CDFA®).

With the CDFA® designation Tessa and her team at Next Step Divorce Solutions helps families and individuals have a respectful, streamlined, and cheaper divorce process. They have created a simple five-step approach in order to accomplish this and help people better manage the divorce process.

Are you seeking a cheaper divorce or general divorce guidance? Give Next Step Divorce Solutions in Houston Texas a call today- 832-856-2825

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