In the process of dividing assets during a divorce, many decisions have to be made. Should a distribution from a pension plan be rolled over to an IRA, or taken at this time? Should I try to keep the family residence or let it be sold and invest the funds in a smaller residence? Unless you are the party who handled all of the financial decisions during the marriage, it makes absolute sense to retain a financial advisor to review the assets you will be receiving in your divorce and determine the best way to invest them for the future.
Robert C. Howard, partner of Jekel, Howard & Thomson, LLP, has practiced family law in Arizona for more than 35 years, with concentration on prenuptual agreements, divorce, paternity, and post-decree modification matters.
I would also consider consulting with a divorce lawyer – they will also be well versed in the division of assets.