There are over 10 million female-owned businesses in America. These companies are generating more than $2.5 trillion. Now more than ever, women need to take control of their finances. With the pandemic these female-owned businesses are struggling and women in bad marriages are suffering.
But even with all this success, and especially now as they face financial obstacles, women are still leaving their financial futures in the hands of their husbands or ignoring it altogether. This needs to stop.
Women’s financial needs are actually different from that of men. Women face unique challenges that men don’t. For example:
- Women live longer than men. On average, 7 years longer, so they need 20% more retirement income.
- Women earn about 25% less than men.
- Women are still the primary caretakers for children, taking more time off than men to raise kids as well as care for aging parents, which results in lower total earnings, reduced Social Security benefits, and less savings.
- Because of motherhood, women save less money than men.
- Women are more conservative in their investments.
For women considering divorce, you need access to money. You will need to pay a retainer to hire an attorney or mediator to start your divorce process.
I tell my clients it’s never too late or too soon to start financial planning if you are thinking of divorce.
It’s time to start educating yourself. You need to take stock of your household expenses, income, finances, investments, and debts. If you don’t know about the family finances, whether your husband has a pension, where the assets are, or if your name is on the title of the house, etc., it’s time to get informed. You can no longer live in the dark.
Anna, a mom of two and a physical therapist, called me because she wanted a divorce. She explained she was embarrassed to admit she had allowed her husband, an IT expert, to handle all the finances.
She further explained she had no clue about their investments. I told her not to be embarrassed, and that this was not uncommon. I assured her there were ways to figure this out, and that’s what we did!
Anna and her husband, Sam, worked everything out using my successful mediation process. Their divorce papers were just filed. Anna was pleasantly surprised by the outcome. She and Sam were able to civilly discuss and agree upon a fair financial settlement with my guidance using my comprehensive mediation methods.
It takes a divorce attorney/mediator with sophisticated knowledge to do the strategic planning necessary to get you the best possible financial deal.
With over 35 years of experience as a divorce attorney and mediator, I have the expertise to skillfully create a financially viable plan for you and your family.
Don’t stay in an unhappy, unhealthy marriage that’s just dragging on because you are afraid you won’t be able to provide financially for yourself or your family. We can discuss the costs of mediation vs. litigation and how you can financially prepare to take the first step.
During the ongoing COVID-19 pandemic, all our FREE 1 HOUR CONSULTATIONS areconveniently conducted virtually to reduce risk.
I look forward to showing you that providing for your financial future is possible.
Stay healthy and safe!
Warm regards,
Lois
Call New York Divorce Lawyer and Mediator Lois Brenner now to book your free consultation.
We still have appointments available this week.
Call 212.734.1551