While your main focus during a divorce should be your well-being and the well-being of your family, it is also important to consider the future of your assets.
Your investment portfolio, in particular, is a complex asset that might add layers of complexity to your divorce. You can keep your investment portfolio intact when going through a divorce by exploring a few tried-and-true strategies.
Seek professional advice
Consulting with a financial advisor can provide you with valuable insights and guidance. A financial advisor can help you understand the tax implications of dividing assets, assess the value of your investments and create a plan for the equitable distribution of your portfolio
Mediation is a collaborative approach to divorce that can save you time and money. A neutral mediator can help you and your spouse negotiate the division of your investment portfolio. This method can be less adversarial and more focused on finding mutually beneficial solutions.
Diversify your portfolio
During a divorce, it may be wise to revisit your investment strategy. Diversifying your portfolio can help spread risk and ensure the long-term stability of your investments. Consider reallocating your assets to achieve a well-balanced and risk-appropriate investment mix. This can provide a layer of security even if you must split investment accounts with your soon-to-be ex-spouse.
Statistics show that as many as 61% of U.S. adults own stock. While relatively few of those investors have particularly complex portfolios, the fact remains that the topic of investments is likely to arise in a very large number of divorces.