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RISING WOMEN EXPERT ADVICE...

What do you think you will “gain” in your separation or divorce?

That will really depend on where you are at in your relationship. In general, society promotes the “take the high road” or “Win/Win” approach, but in reality, life will be different. It may be good, bad or ugly, and this depends on what side of the fence you are on.

Your expectations will be both realistic and unrealistic. Beware of unrealistic expectations that prove both frustrating and detrimental. On the other hand, don’t be naive and be pushed into making premature decisions when you may indeed deserve a LOT more! Remember too that you now have two households relying on two separate set of expenses from the same amount money, so gaining financially is often a misconception. You do need to know what you own and what you owe.

Most importantly, you need to gain control of your EMOTIONS. You need to make sure you are WELL. It’s a fact that when emotions are high, intelligence is low! So needless to say, you will gain nothing if you cannot control your emotions. I don’t mean suppress them and pretend they do not exist because they do, and you will need to deal with them sooner than later. And you may need professional help for this. Please do not be afraid to reach out for such support.

What you will gain, however, is respect from your friends, family and especially your children if you leave them out of the details, gossip and slander. Your children deserve both a mother and a father, unless there are abuse issues. Once again, put your emotions aside. Cry behind closed doors if you have to, and understand that just because you may feel devastated, regardless of a child’s age, they still need both parents.

Be smart about what you fight for! You may think you are gaining the china or the house, but what do you need to give up? A pension, for example, is not the same as an RRSP. 50 percent today does not always mean 50 percent tomorrow! The process of divorce takes a lot of time, stress and money. We too often see that one party does not have the wherewithal to negotiate, especially if you were the one in the relationship who did not control the finances. What you will gain if you have the courage and knowledge is the power to negotiate. You need to know the rules and “how the game is played” or you may end up feeling that you have LOST. Get educated! Get help!

For more expert financial divorce advice, contact Wendy Olson-Brodeur at The Financial Divorce Specialist at 403.398.2466. Visit www.tfds.ca  for upcoming seminars.

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