Navigating Stressful Times in an ADHD Divorce
If you have ADHD, divorce can be extra messy and emotional.
You owe it to yourself, and you deserve the clarity, knowledge, and support needed to be your number one advocate and come out of your divorce knowing you got what you deserve.
The ADHD Divorce Struggle is Real
ADHD is a struggle in many ways. One of those struggles is managing anxiety in relationships.
Research has shown people with ADHD are twice as likely to be divorced or have more than one marriage than those without ADHD.
Learn about "My Divorce Solution"
In this episode, I speak with Karen Chellew and Catherine Shanahan - who founded My Divorce Solution after their own experiences with divorce to provide better information, better resources, and a better process for the financial separation that comes with divorce.
Karen is a mother of three children and has worked for over 30 years in the legal field as a paralegal and business manager.
Catherine is a mother of five children, a Certified Divorce Financial Analyst (CDFA), a trained mediator, and has worked in the financial industry for 25 years.
Know the Components of Your Marital Estate
A marital estate includes assets, debts, income, and expenses.
Debt and expenses are two different things, so it's essential to focus on your budget and clearly understand your expenses.
Be aware of marital and non-marital components - and have them documented!
Developing a Divorce Financial Portrait
A divorce financial portrait is a very structured, step-by-step approach, educating a client through a 'launch meeting’, which covers:
•What is essential in their marital/non-marital estate
•Developing and reviewing their budget
•Using an online portal to organize a timeline and track the overall process
•Access to a journal where you can message your advisor and where you can make notes to yourself
The Benefits of Having a Financial Specialist
The divorce financial portrait includes a net worth statement, the person's budget, the financial disclosure, the marital and non-marital demonstration of property, and a table of considerations, which takes every asset and debt and even some income and expenses.
For example: When negotiating the division of the marital home...
•Are you going to sell it or refinance it?
•Which party is going to stay?
•Who will be paying the expenses in the meantime?
When you have the answers to these questions upfront, your attorney can advocate for you because anyone who goes to an attorney or a mediator to discuss divorce, the first question they ask is, "What do you want?"
People tend to talk about what they want from a very emotional perspective, so the divorce financial portrait helps them discuss what they want very specific to their cash flow needs, the tax impact, and other financial considerations.
Another benefit to having a financial specialist is not needing two attorneys to gather the same information, which streamlines the process and provides symmetry among the documentation.
Asking Questions is Not Being Questioned
You have a right to ask questions during your divorce. You deserve to have financial awareness because financial awareness will set you up for having freedom, moving on, and healthier relationships.
If you're interested in more information about the divorce solution, visit https://mydivorcesolution.com
Want to work with me?
Check out my ADHD Planning & Coaching service.
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Helping ADHD'ers unleash their financial potential through planning and coaching.
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