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15 Money Moves To Make While Negotiating Your Divorce
GOBankingRates
A divorce upends your entire life, changing your relationship status, living arrangement and financial standing in one fell swoop. Fortunately, with some education, planning, determination and perhaps assistance, you can take control of your finances.
Several experts offered their top money moves to make while negotiating a divorce. Following them could help you get through this challenging time with more money in your pocket, more peace in your heart and more optimism for your future.
The Importance of Reviewing and Updating Your Life Insurance Coverage as Your Family Grows
Investopedia
Buying a life insurance policy goes a long way toward protecting the people you care about. But the world doesn’t stand still. The amount that seemed sufficient five years ago may not be enough now, especially as your family grows and your situation changes. Reviewing and modifying your coverage regularly ensures your family’s financial safety net evolves alongside your life’s biggest changes.
5 Key Signs Your Social Security Strategy Needs an Urgent Update
GoBankRates
Marriage isn’t the only circumstance in which you can get funds based on a spouse’s Social Security benefits, according to Melissa Murphy Pavone, CFP and founder at Mindful Divorce Partners. Divorced people who were married for at least 10 years may be eligible for spousal benefits based on their ex-spouse’s work record — without affecting the ex-spouse’s benefits.
Is this marriage for love — or money? ‘I always recommend a prenup.’
MarketWatch
“A critical component of a healthy marriage is understanding each other’s financial situation,” said Melissa Murphy Pavone, a New York-based certified financial planner. “I encourage clients to have honest conversations with their partner about income, debts, spending habits and long-term financial goals.”
Splitting up? Protect your retirement funds
Salon
A QDRO can come in the form of a judgment, decree or order, according to the Internal Revenue Service. It’s “a legal instrument used in divorce proceedings to divide certain retirement plan assets between spouses,” said Melissa Murphy Pavone, certified financial planner, certified divorce financial analyst and founder at Mindful Financial Partners.
Don’t Get Cheated in Divorce! Financial Tips from Melissa Murphy Pavone
Tracy Malon Podcast
Are you worried about getting cheated in divorce? In this episode, I sit down with Melissa Murphy Pavone, a Certified Divorce Financial Analyst, to discuss how to protect your financial future during and after divorce. We cover common financial mistakes, strategies for securing your assets, and tips for navigating financial abuse. Whether you’re divorcing a narcissist or just want to ensure a fair settlement, this conversation is packed with valuable insights. Don’t miss these expert tips to help you reclaim your power!
HONEST FEES & PRICING
CLARITY IN EVERY STEP
Transparency is the foundation of any strong relationship, and trust is the true currency of success. As divorce consultants, we believe in open conversations about our fees and pricing, ensuring you always feel comfortable and informed. Our approach is simple and direct, fostering a practice where honesty and alignment with your financial goals are at the forefront of everything we do.
EXPERIENCE AND KNOWLEDGE
YOU CAN trust
CERTIFICATIONS
Through rigorous study and industry expertise, Melissa has earned certifications that enhance and support her knowledgeable advice and guidance.
Certified Divorce Financial Analyst®
Long Island Collaborative Divorce Professionals
NY State Council on Divorce Mediation
International Academy of Collaborative Professionals
Certified Financial Planner®
HONORABLE MENTIONS
In addition to providing insightful counsel directly to her clients, Melissa’s enlightening recommendations are often included in articles on prominent media outlets.
