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Prepare Yourself

Prepare Yourself for Divorce by Knowing Your Budget and Your Home’s Equity
By Randy Morrow, Certified Real Estate Divorce Specialist

You have filed for divorce and told your attorney “I want everything I can get from her/him.” Really? Do you think it is that easy?

What happens to you if ‘everything’ isn’t enough? How are you going to live? Do you have a job that pays enough to support you and/or the kids? Do you even have a job? Have you given any of this the least bit of thought? Tough questions, but questions you must answer.

My suggestion:  Sit down and start making a list of absolutes. Absolutes are monthly expenses absolutely necessary to survive, with no frills. I suggest having a trusted friend or professional help you make this list. (Remember, you probably aren’t thinking as clearly as you would like to right now.)

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Randy Morrow, Certified Real Estate Divorce Specialist, P. 3

When Randy Morrow, Certified Real Estate Divorce Specialist, takes on new clients who are parents going through divorce, he has them sign an agreement stating that they will not argue in front of their children. If they refuse to sign, he will not work with them. This is just one of the reasons why Randy is a gem in the divorce and real estate community.

Randy understands the pain and difficulty of divorce better than most real estate agents because he’s been through three divorces himself. His first was at the age of nine, when his parents divorced. His second and third were as an adult going through his own divorce. From his website:

Randy is trained in the legal and tax aspects of the divorce process as it relates to real estate. His specialty is learning about obscure divorce-related legal rulings, regulations, and tax implications. This enables him to help his divorcing clients take advantage of tax laws that are specific to selling a house during a divorce.

“Divorcing couples are going through one of the most stressful times of their lives and they need all the help they can get. I know,” says Randy “I have been through these times myself. I know from firsthand experience what my clients are feeling and why.”

Listen to the third part in this six-part series and discover the most important factors to consider when making the decision to sell or keep the family residence.

Missed the first two parts of this series? Find them here and here.

Don’t miss another one! Subscribe to Ron and Robert on Divorce on iTunes and get free podcasts every week.