Why a Depressed Market is not ALWAYS Bad in a Divorce

May 19, 2009

Why a Depressed Market is not ALWAYS Bad in a Divorce

Divorce provides an economic opportunity for some individuals to start fresh with a pile of cash.  Maybe the pile is not quite as high as it could have been, but your buying power might be greater, too.  For example, the foreclosure crisis has created an unprecendented opportunity to obtain value for investment.  Bargain hunting is also possible in the stock market.  It is entirely possible that you can buy more long term investment vehicles with a smaller divorce settlement than you could have in the inflated market two or three years ago. 

Your divorce attorney is almost certainly not a financial advisor.  When your divorce atterney begins to discuss posssible outcomes for your case, it is time to consult with your financial advisor.  You may want to ask your financial advisor to meet with you and your divorce attorney to help you develop a plan of action.

In the meantime, if you find yourself find yourself somewhat panicked by the recession, you might want to read the following piece from the Boston Globe from last year,  http://www.boston.com/bostonglobe/ideas/articles/2008/03/23/the_good_recession/.  I found it to be quite thought provoking!

Jennifer Moore
Moore Family Law, P.A.
Plymouth, Minnesota

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s