2018 - Wellspring Divorce Advisors

The following blog was provided by Joyce Fine, PhD, Licensed Clinical Psychologist, Certified Divorce Coach, Collaborative Divorce Facilitator. Dr Fine specializes in psychotherapy with adults, couples, and families, provides psychological evaluations, and works as a coach with individuals and couples deciding whether or not to divorce or those going through divorce to help them make the best decisions possible for all family members.

A Changing Family

I recently met with a couple who wanted recommendations for how to talk with their two young children about their upcoming separation, ideas about setting up their parenting schedule once they separated, and support in moving forward with their separation.

During our third meeting, the wife, whom I will call Katy (no real names are used herein) was very frustrated. She was ready to separate. Her husband, whom I will call Alex, was not. He had hoped they would be able to work out their marital differences. Alex needed more time to digest the reality that Katy had made up her mind and her decision was set.

Ultimately, they were both attached to their home. It represented the foundation of their family and the emotional stability it had offered them. Neither wanted to let it go in the face of the instability and colossal transition they were about to step into, or to be the one to set up a new place with their children, since they both thought that the children would like a new place less, that the children would be less comfortable in a new place, etc.

Many divorcing moms feel that it is their right as the mother of their children to stay in the marital home and a lot of divorcing dads agree to that precedent. In Alex and Katy’s case, Katy was set on leaving the marriage and Alex did not want her to go. In asking him to leave their home, she was asking him to do something that he felt was completely against his own self-interest while their crumbling marriage was already shattering his identity, his hopes for their family’s future, and taking him in a direction that he deeply did not want to go.

Their options

We processed why Katy felt that Alex ought to be the one to move out. The more we talked about it, and came up with “atypical” options, she was able to understand the benefits of her moving from the home:

She could set up a place free of their marital disappointments.
She would be leaving Alex’s imprint behind.
Moving out might enable her to start a new life more freely and fully.

Alex and Katy came in for their next appointment two weeks later. By then, she had signed a lease for an apartment and was set to move in a few days. While Alex was still heartbroken and angry, he was relieved that the discussion of him moving out was over and that he would be able to stay in their home. Her moving out also appeared to enable him to negotiate future decisions with less agitation and sense of powerlessness.

Often, divorcing parties are driven by fear and anger in ways that obscure their ability to think openly, clearly, and flexibly, and they reach toward “common” ways that they have heard divorces are facilitated. This can keep them entrenched in defensive thinking that interferes with decision-making that is best for them and their family. Working with couples to come to the other side of defensive or frightened thinking is critical to their families’ well-being and opens pathways to collaborative movement forward.

Wellspring Divorce Advisors helps individuals and couples address the financial aspects of divorce in a civilized, equitable, and efficient manner by providing expert divorce financial planning and advice.

Contact us to find out how we can help you through this process.

A Change in Lifestyle

It does not matter if you’re male or female, working or not working, have lots of assets or very little…divorce often leads to a change in lifestyle. You will have two households as well as the upfront expense of setting up those homes with furniture and household necessities. Childcare expenses could change if the stay-at-home parent suddenly has to go back to work. Your retirement accounts will be affected which means that you might need to change how you save.

But before you panic, let’s take a look at the things you can take control of NOW in order to ensure better success down the road.

Understanding your Finances

One of the most important aspects of the divorce process is developing an accurate budget and understanding your finances. Here’s what you can do:

If you don’t have a budget, begin by looking at the bank and credit card statements for the last 6 months.

Get a feel for the recurring expenses like car, mortgage and utility payments. Then make estimates of discretionary expenses like dining out and entertainment by averaging your spending over the past several months.

Account for annual expenses such as car registration, life insurance payments, etc.

Once the budget is determined and you understand your expenses, look at earned income, alimony and any other income to see if there is enough to cover your expenses. If not, then the budget will likely have to be adjusted.

After your divorce is final, it will be important to review your budget periodically and make sure you are living within your means.

And remember that you’re not alone in the process; Wellspring Divorce Advisors is experienced in creating budgets and available to assist clients in developing a budget for their Divorce and post-divorce life.

Divorce is a stepping stone into a new life. It is important for people to have a game plan so that they can transition into their new independent financial life with success. Let’s make sure you get started on the right foot.

Contact us to find out how we can help you through this process.