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The Financial Impacts of Divorce that You Need to Think About NOW

Posted by Elise Buie | Mar 26, 2016 | 0 Comments

If divorce is looming, now is the time to start thinking about money. Divorce can impact your finances for many years to come so get a game plan and follow that plan.

Immediate Costs/Considerations

Each person's facts are different but here is a list of some immediate financial considerations:

  • Housing costs
  • Bills
  • Childcare
  • Professionals; parenting professionals, tax accountants, forensic accountants; counselors
  • Attorney fees
  • Additional living expenses for maintaining two homes
Long term considerations

As important as thinking about the here and now, you must consider the future too.  Factors like debt, retirement savings, child support, taxes, etc. can have a significant influence on your financial security in the years to come.

Important factors and questions to consider:

  • Are you saving for retirement in your own name?
  • Do you need a car?
  • Should you keep the home or is it unwise to do so?
  • This is the time to live frugally - understand your new financial norm before incurring debt
  • How is your tax liability changed by the divorce?

About the Author

Elise Buie

Passionate, creative, problem-solving attorney who crafts solutions rather than obstacles. Elise spends significant time educating her clients on healthy communication skills. Elise also ensures that her clients make informed decisions by understanding the future emotional and financial implications of their decisions. Your family's future is our first priority. Elise teaches her clients new skills to empower them in the future as they adjust to the new family structure. While divorce ends a marriage, it is the beginning of your new, often times, more authentic life. Elise will help you begin that new life with new skills to handle any future challenges.

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Areas We Serve

At Elise Buie Family Law Group, PLLC, we represent clients from Seattle and Bellevue, Washington, and the surrounding region, including all of King County and the cities of Redmond, Kirkland, Bellevue, Edmonds, Issaquah, Kenmore, Kent, Federal Way, Shoreline, Des Moines, Bainbridge Island, Vashon, Auburn, Renton and Puyallup. We love working with clients from Seattle's unique, eclectic neighborhoods: West Seattle, Fremont, Ballard, Madrona, Queen Anne, Greenwood, Ravenna, Maple Leaf, Wedgewood, View Ridge, Laurelhurst, Windermere, Madison Park, Magnolia, South Lake Union, Capitol Hill, Broadmoor, Phinney Ridge, Crown Hill, Yarrow Point and Mercer Island.

Contact Us

Call us at (206) 926-9848
Email: info@elisebuiefamilylaw.com

We'll be happy to set up an initial consult. Thank you for looking around our site. We look forward to serving you.

We welcome your email, but please understand that if you are not already a client of Elise Buie Family Law Group, PLLC, we cannot represent you until we confirm that representing you would not create a conflict of interest. Please do not include any confidential information until we verify that our office is in a position to represent you and our engagement is confirmed in writing. Prior to that time, there is no legal representation and thus no attorney-client confidentiality.

Thank you.

Elise Buie Family Law Group

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Elise Buie Family Law Group PLLC
1001 Fourth Avenue, 44th Floor   Seattle, WA 98154

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