Getting Divorced

Dive into a topic to get reliable insights and successful next steps. Also, look ahead to learn what to expect.

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Getting divorced isn’t something most of us know how to do until we have to. The process can be frustratingly tedious. We are here to help you remain focused on the end goal.

Preparing

Expert Advice

When going through a divorce, patience, understanding and, ultimately, good guidance can go a long way.

Where to Start

Where to Start

These guidelines can help you stay grounded from the beginning.

Take Care of You

Self-care is not self-centered.

Call in the Troops

Call in the Troops

Team up with family, friends, and dependable legal and financial professionals.

Get Your Act Together

Get Your Act Together

Collect documents and get things in order now to set yourself up for future success.

Things to Consider

Legal

Legal

Get your ducks in a row when it comes to paperwork and important documents. This will be a huge help when you get to the point of actually filing for divorce.

Assets

Assets

In order to keep your money secure, you'll need to make an itemized list or record of what you have.

Home

Home

Figure out all expenses that go along with home ownership.

Family and kids

Family and kids

Arrangements regarding custody should remain focused on what is in the best interest of the child.

Insurance

Insurance

Be sure to confirm that you have the right amount of coverage for yourself.

Rebuilding

Life Goes On

Life Goes On

The divorce may be over, but your new life is just beginning.

Top tips

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Concentrate on the end goal

Neglecting your well-being or keeping your investments from being thoroughly evaluated can harm your overall perspective.

Stay grounded

It is important to stay mentally clear during a tough transition. If you are in a negative emotional state, avoid making important decisions.

Be prepared to spend more $

Living on your own can be pricey— After a divorce, most people’s expenses go up 30%, so be aware of this and budget accordingly.

Divorce rates

The Numbers

There were almost 800 thousand divorces in the US in 2019

2x

The divorce rate doubles after age 53

40–50%

40–50% of married couples in the US divorce

60% of second marriages and 73% of third marriages result in divorce

 

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Focus on the long term

Ignoring your own well-being or avoiding a full valuation of your finances could be detrimental for you in the long run.

Prepare to Spend More

Living on a single income will  likely cost more—most people’s expenses go up 30% after a divorce, so be sure to allocate for that in your budget.

Clarity begins with a conversation

Contact Fidelity today for 1-on-1 guidance during life’s big decisions. We believe in making the complex simpler, because we want you to be confident about the decisions you make—next week, next year, and beyond.