Families Change Guide to Separation & Divorce

1.5 - Course Overview

1.5 - Course Overview

OK. Before we get started, let’s take a quick look at the Finances After Separation course.

After this introduction, the second section is called: Your Financial Picture.

Separating the finances is a complicated, but necessary aspect of separation. Most of the time, one person is not as knowledgeable about finances as the other. But both need to understand their financial picture.

In  this course, you will assess your assets and debts to determine your net worth, examine how to resolve debt issues, create an income statement and get tips on following a monthly budget.

The third section is called: Dealing with Financial Separation.

Separation has an emotional impact on every member of the family. It also  affects the standard of living of each partner, as well as any children they have.  The financial impact of separation for each person is different.  After separation, each person’s path to economic stability is also likely to be different.

In this section you will learn about separation as a process, the emotions of separation, financial abuse, the financial stages of separation, communication strategies and where to get help.

The fourth section is called: How to Separate Your Finances.

Upon separation, it is important for former partners to work together to make decisions that involve finances and their children. These decisions will impact the earnings and standard of living in each household.

In this section, you will learn about legal rights regarding child support and spousal support, the fiduciary duties of spouses and domestic partners, and property division.

The fifth section of the course is called: Formalizing Agreements. This section helps people develop agreements for short-term and long-term financial decisions after their separation.    

The final topic of the course will help you to formalize agreements and turn them into court orders.

Alright. It’s time to start the course!

Use the menu to select Your Financial Picture.