Introducing Robin Young, COO:
As COO at X2X, my primary role besides logistics is problem solving. That includes making sure the people who visit our web sites and use our products and tools have an excellent experience. So if you have an idea that would be helpful or find things that don’t work well for you, I’d like to hear about it. We are committed to providing you with information, tools and resources that make a difference. I find talking about myself pretty boring so if you need to know more here’s the link to my LinkedIn page: here.
When I decided to leave my marriage I had given it a lot of thought. There were difficulties but basically I felt we were just not going in the same direction. We definitely had different views on money management. I was more conservative and he was more of a fly by the seat of your pants kind of guy. That all changed when I decided to leave. At that point he became very interested in our finances and surprised me with how careless he could actually be.
When you get to the point in your relationship where you are ready to separate, or as my dad called it “separate the sheets”, you will need to put on your business cap. This is probably the last thing you want to do. You’re upset. Your partner is upset. But this is exactly the time you need to spend a little time to get your finances in order.
Initially, depending on how much of a surprise the separation was to your partner, there will be a period of goodwill. You may feel guilty and not want to hurt your partner. You’re trying to ease out and your partner is either in shock or wanting to talk about the break up. Eventually this goodwill will end and it could end very abruptly. When it does, your partner will probably be angry and that’s when things can go south, financially speaking, very fast. Your partner may put fairness last on their list.
So here are some items I want you to think about before you find out that your bank accounts have been emptied and your credit is next to zero.
What I haven’t included in this post is consideration of children. If you have children you will need to make sure that any financial items concerning those children are also secured.
All this may sound over reactive to you. I thought so too until my savings were gone and my car was sold out from under me. Did I mention that you should make sure that the title for your car is in your name? When the emotional turmoil is behind you and everyone has settled down, you will be glad you took a few minutes to manage these items.