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One of the biggest life transitions that could happen to someone is getting divorced, not only your finances are affected significantly, but the emotional loss makes everything else so much more difficult especially if you have children. You may need to make significant changes on the home front like moving to a smaller house or apartment and share any joint debt as well as savings. You may also have to adapt to a lower income. If you are the one that managed the finances you are one step ahead, but if you weren’t the one in charge, now you have extra responsibilities to pay bills and stay on top of investments and other financial decisions that your spouse took care of while you were married.
I found that in most cases women are left at a disadvantage especially when they were not the one that managed and made financial decisions in the marriage. This creates a tremendous amount of stress as now you not only have to adapt to a new way of life but also the additional stress to manage your finances.
At transition wealth advisors, we specialize in dealing with this kind of situations and create a completely safe and supportive environment to help you recreate a financial life that will ensure you and your loved ones are protected and have a plan to remove obstacles like debt or planning for retirement.
For more information about how to enter the next phase of your life and the financial steps you need to follow book a complimentary Financial Health Assessment.
"I always wanted to talk to someone who could help me get my financial goals in order. I know I needed to get to this part but had no clue how to or who to get? When I spoke to friends they were in the same position. Araceli was amazing no question was dumb or any thing I had did in the past could not be fixed.
I feel/know Araceli got my life in order and regained happiness to my out look on my future. Does that sound dramatic...YES... but it is true!
I now have correct insurance coverage, my budget is fair I am not in the poor house every pay week and I have a feeling of safety and freedom. I love seeing her and she keeps me in check. I will always have this lady in my back pocket she has become a friend."
Christine Macvicar (Single professional)Mississauga
I met Araceli Hernandez about 9 years ago. One of the best decisions I ever made was to meet with her about financial planning. She wasn't pushy and listened to my concerns. I appreciated her vast knowledge and expertise. Fast forward 9 years later and I'm in a very good financial situation because of Aracelli's advice. My son is also well on his way to saving for his future. I strongly believe that everyone should have a financial advisor but working with someone like Aracelli is key to making well-informed decisions.
Patrice Palmer (Single Professional) Burlington
“I’ve worked with Araceli and feel she is the best. She works hard, knows her stuff and has integrity. She works with your budget and presents you with options that work for your situation and lifestyle. ”
Dana Castro (owner of three crowns studio) Mississauga
