5 Things You Need to Know to Survive and Thrive During and After a Divorce

Karen Chellew and Catherine Shanahan of My Divorce Solution interview with Ilyssa Panitz of Authority Magazine

  February 12, 2021
grey divorce phenomenon

This interview was originally posted on February 4, 2021 by Authority Magazine.

Ilyssa Panitz:
Is doing something like this expensive?

Ilyssa Panitz:
What if a client does not have copies of their household records and bills because their spouse oversaw the money and monthly invoices. Do you help the client track these down?

Ilyssa Panitz:
When you are going through a divorce, you must fill out a statement of net worth, which paints a picture of your assets, debts, spending habits and your annual income. Do you assist clients in preparing this document?

Ilyssa Panitz:
Do you find women are not as savvy when it comes to the money and financials?

Ilyssa Panitz:
How do you ease them into this part of the divorce and encourage them to learn everything they can?

Ilyssa Panitz:
Why is your approach to divorce different and why does it work to a client’s advantage?

Ilyssa Panitz:
How do you put a client’s mind at ease, especially when they might have unrealistic expectations of what their financial outcome may look like?

Ilyssa Panitz:
Do you work with the client’s lawyer during this procedure?

Ilyssa Panitz:
Is it more cost effective for you to speak with the lawyers since you understand the process and language of divorce, which tends to be foreign to people?

Ilyssa Panitz:
Divorces can be costly and drain your savings. Do you help clients structure a “divorce” budget as well as a “post-divorce” budget?

Ilyssa Panitz:
One of the biggest fears people have, I am going to be left penniless. Why is this statement not true?

Ilyssa Panitz:
Can you layout a blueprint of what their new life might look like?

Ilyssa Panitz:
Where can clients cut corners and by doing so, how much can they save?

Ilyssa Panitz:
What are 5 things you would advise someone to survive and thrive during and after a divorce?

Karen Chellew:
One: Access: Make sure you are able to access all the financial data that comprises your marital estate.

Catherine Shanahan is Co–Founder of My Divorce Solution. With over 30 years of experience in the financial industry, Catherine serves My Divorce Solution Clients as a Certified Divorce Financial Analyst (CFDA) and trained mediator. A Professional Daily Money Manager, Catherine is also a former VP of the Bucks County Collaborative Law Group, American Association of Daily Money Managers, Institute for Divorce Financial Analysts (IDFA), National Association of Women Business Owners, advisory council of Support Pay,and the Association of Divorce Financial Planners.

As a mom of five and financial expert, Catherine’s experience with divorce left her wishing for better information, better resources, and a better process for the financial separation that comes with divorce. As a result, Catherine co–founded My Divorce Solution –the company she had needed in her divorce.

My Divorce Solution helps clients secure their worth and protect their wealth with the Divorce Financial Portrait. Our Divorce Preparation Platform is a data driven solution that connects your financial assets to the divorce legal system.

See what you can expect from your divorce with our Free Divorce Assessment.

www.mydivorcesolution.com
215-486-8347 | 843-929-0399