Divorce Finance Books: 7 Recommendations

Although there is no substitute for having a team of top-notch professionals to help you navigate the gauntlet of divorce, not every woman can afford to hire one. And even if you can, you should still arm yourself with as much knowledge and information as possible.

The books below focus primarily on the financial aspects of divorce and should help give you a fairly good overview. Since my firm, Bedrock Divorce Advisors, exclusively works with women who are going through a financially complicated divorce, I chose to review those books that were more women-focused. Please note that these books have been written for a national audience. Since divorce laws differ significantly from state to state, I highly recommend that you get competent advice on the laws that apply specifically to your state and your individual situation.

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Divorce & Money: How to Make the Best Financial Decisions During Divorce - 9th Edition

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This book offers plenty of financial information --in fact, it may offer too much information! There are 20 chapters covering all sorts of important topics, ranging from how to compute your net worth to whether you should keep or sell the house. Some chapters even delve into more complicated financial areas, such as retirement plans, stock options and deferred compensation plans. My concern is that most people will find all this information too confusing and overwhelming, especially if they are entrenched in the emotional trauma of divorce. Nevertheless, I really like Woodhouse's first two chapters, in which she masterfully explains the real-life differences between the legal and financial aspects of divorce. These two chapters alone are worth the price of this book. Click here to purchase.

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This book offers plenty of financial information --in fact, it may offer too much information! There are 20 chapters covering all sorts of important topics, ranging from how to compute your net worth to whether you should keep or sell the house. Some chapters even delve into more complicated financial areas, such as retirement plans, stock options and deferred compensation plans. My concern is that most people will find all this information too confusing and overwhelming, especially if they are entrenched in the emotional trauma of divorce. Nevertheless, I really like Woodhouse's first two chapters, in which she masterfully explains the real-life differences between the legal and financial aspects of divorce. These two chapters alone are worth the price of this book.

Click here to purchase.

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Comments

[Deborah Moskovitch]

04:10 PM on 05/06/2011

Great book recommendations. If you would like an overview of the divorce process - from understanding the emotional divorce to the many aspects of the legal divorce, the parenting plan and so much more, you might want to read: The Smart Divorce: Proven Strategies and Valuable Advice from 100 Top Divorce Lawyers, Financial Advisers, Counselors, and Other Experts.

[Morrisfactor]

12:39 PM on 05/05/2011

I find it tremendously sad that so many people will "study" how to end their marriages (and rip off their ex-spouses) while so few will work to maintain their marriages, (especially when children are involved....)

[Jeffrey A. Landers]

01:17 PM on 05/05/2011

Your assessment is not only incorrect but extremely unfair. Before contemplating divorce, most people will try everything that they can to save their marriage, especially if there are children involved. It is usually after trying for many years to make things work that people end up going through the divorce process. No one should condone one spouse "ripping-off" the other (as you suggest is being done), but both parties should be able to walk away with their "fair-share" and that includes both the monetary and non-monetary contributions that they have made.

[Deborah Moskovitch]

12:36 PM on 05/05/2011

Great book recommendations. If you would like an overview of the divorce process - from understanding the emotional divorce to the many aspects of the legal divorce, the parenting plan and so much more, you will want to read The Smart Divorce: Proven Strategies and Valuable Advice from 100 Top Divorce Lawyers, Financial Advisers, Counselors, and Other Experts (Chicago Review Press, 2007), by Deborah Moskovitch

[Box500]

12:03 PM on 05/05/2011

He had it coming, ladies! Go get em! Marriage rocks, but divorce is more lucrative!