From the Archive: What You Need to Know About Your Money When You Start a Divorce from Hollis Hardiman, CDFA #421

One of the biggest fears people face when contemplating divorce is the financial unknown. If you are sitting out there right now feeling overwhelmed, unsure where to begin, or worried about money, this conversation was made for you.

This week Susan is bringing you one of the most listened to and most shared episodes from the Divorce and Beyond archive, a conversation with certified divorce financial analyst Hollis Hardiman, also a certified mediator and certified collaborative professional, walking through the foundational financial preparation that can make such a difference when first starting the divorce process.

Together, Susan and Hollis get into what it really takes to protect your finances as you enter the process, from building the right professional support team to understanding what your household actually costs to approaching the big decisions, like the house, with clarity and an open mind instead of fear.

Covered in this episode:

Why money is the number one fear people face when contemplating divorce and why the right professional support team changes everything

How to start building a picture of your finances from what you already have access to, even if your spouse handled the money

Why alimony and support are temporary and what it means to plan now for when they end

How a CDFA helps clients protect their finances not just during the divorce process but for their financial future as well

HOW TO HANDLE THE MOST COMMON QUESTION ASKED DURING DIVORCE, "CAN I KEEP THE HOUSE?"

Almost everyone walks into the divorce process asking the same thing: can I keep the house? It is an understandable instinct. But when keeping the house becomes a fixed position rather than one option among many, it can stall the process, drain resources, and leave you worse off financially in the long run. Some things to consider, as discussed in this episode include:

One household income divided into two households means the math will not work the same way

Understand what it would actually cost to keep the house: refinancing, mortgage qualification, maintenance, and carrying costs