Divorce and Your Money - Knowledge is Power...What You Don't Know Can Hurt You Both in Lost Money and a Slower Start on Your New Life

    /24-7PressRelease/ - JOHNS CREEK, GA, July 21, 2008 - Families lose big when it comes to divorce, but your personal losses can be even greater if you don't mind your money during your divorce. Approximately 50% of all marriages end in divorce and statistics show that in most cases, the lifestyle of at least one spouse drops, and in some cases it drops dramatically even in long-term marriages.

Patricia Stallworth, CFP, the director of Minding Your Money (MYM) and a divorce consultant, says that in many cases, some of the drop in lifestyle could be lessened by understanding what you own, what its worth, and what you need to be okay in your new life. "Knowledge is power," she says, "and divorce is no different. Yet so many people approach divorce as a powerless participant." Part of the reason, she says, is because most don't understand the process or what they should focus on for the best outcome. So, she wrote Money and Divorce: The 7 Most Important Money Questions to Ask and Answer Before You Sign Your Final Papers (Money and Divorce) to help fill this information gap.

Money and Divorce focuses on the money or financial side of divorce. Stallworth says it's so easy to get caught up in the legal and emotional sides of divorce and forget about the money side until it's too late to do anything about it. Money and Divorce, on the other hand, brings it to the forefront and guides you through the steps to find the answers to vital questions along the way to protect your future financial security. Questions to ask and answer range from calculating the total cost of your divorce before you commit to anything to taking the time to list what you own and its true value which might not always be obvious because of taxes and other costs that need to be considered.

For those seeking a more hands on approach, MYM also offers Money and Divorce BootCamp teleseminars. The teleseminars piggyback on the information in the Money and Divorce ebook and offers participants the opportunity to get assistance with the money side of divorce in a group setting while maintaining their anonymity.

Stallworth says she wrote Money and Divorce to help keep people from making some of the common money mistakes she sees everyday. Several years ago she went through a divorce, but without the knowledge she has now. So she has an insider's view of how frustrating and scary the process can be when you don't know what to expect or the consequences related to the many decisions you must make during the process.

For more information about Money and Divorce: The 7 Most Important Questions to Ask and Answer Before You Sign the Final Papers, please call Patricia Stallworth at 770/495-0095 or email Patricia at [email protected]. Or, visit www.MoneyandDivorceSecrets.com or her blog at www.MoneyandDivorce.com.

About Minding Your Money

Minding Your Money, a division of PS Worth, LLC, is a financial education and planning company. Patricia Stallworth, CFP, the director, has over 14 years experience in the financial services industry. She is a certified financial planner, the host of the Minding Your Money Minutes radio program, and the author of Minding Your Money: Personal, Money Management and Investment Strategies. Email Patricia at [email protected] for a free 'Divorce Checklist'.

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