Contemplating Divorce? 7 Important Questions To Consider

Contemplating Divorce? 7 Important Questions To Consider

As you contemplate divorce, there are 7 important questions you should consider. Why?


The financial decisions you make as you contemplate or undergo divorce have an impact on the rest of your life.


These decisions can mean the difference between merely surviving a divorce, to truly enjoying your future!

Important Financial Questions to Ask

Here are some important questions to ask yourself and find answers to when contemplating divorce:

1.   How is my cash flow? 

What are your monthly expenses now? What will they be after you are separated? Creating a budget so you know how much income you will need to support yourself is critical.


Spousal support is partially contingent on what your expenses are and what income you have already (if any), so create that working budget.

2.   What assets are owned?

Making an inventory of all the marital assets is an important step to help you make sound financial decisions. And it doesn’t matter whose name is on the account! Make a complete list of all assets for both husband and wife.

Assets can include bank accounts, stocks, bonds, money market funds, mutual funds, cars, antiques, and real estate.

The divorce process is about dividing the marital property between each of you 50/50 so it’s very important to know what those assets are.

3.   Is my spouse hiding assets?

In connection with the above question, it is also important to assess if your spouse may be hiding assets. This is to ensure that marital assets are divided fairly. To help you with information on how to assess whether you have full knowledge of all marital assets, read here about hidden assets.

4.   How much do we owe? 

Not only will you divide assets through the divorce process, you will also divide the debt accrued during marriage. This can include credit card debt, mortgage debt, car loans, and any personal loans. Therefore, making a list of all debt, and deciding who will be responsible for paying each debt is an important step in the negotiations. For more detailed information, read here about property and debt division.

5.   What are your priorities?

Do you want to retain the family home or are you willing to sell it to move into a more affordable house? Is the antique armoire worth the trouble of fighting your ex over it? Settlements are always about compromises and knowing your priorities will help you and your CDFAⓇ plot out different settlement options.

6.   Am I entitled to alimony?

These days, alimony (also known as spousal support) payments are an important part of the divorce settlement. Alimony is based on the length of the marriage and the income and expenses of both parties.


Having this information available will help your CDFA to provide possible estimates for spousal support, but ultimately this is something that is negotiated during the divorce process. Read here for more information on alimony.

7.   How much child support am I entitled to?

If you have children and are the primary caretaker for those children (you have them more than 50% of the time, you can probably expect to get Child Support. There is a specific calculation in the state of California for guideline support.


The amount will generally be based on the amount of time each parent spends with the child and the separate incomes of each of the parents. Knowing how much child support you can potentially get and for how long will help you make a more realistic financial plan.

Now is the best time to take control, plan for both the immediate and long-term future, and partner with a Certified Divorce Financial Analyst Ⓡ to help in complicated money matters.  

Kimberly Surber and Divorce Planning makes the divorce process easier by helping both you and your attorney review your options and understand the impact of your financial decisions on your future. 

Let Kimberly Surber Divorce Planning Help You  

When considering divorce, it is important to understand your finances so you are able to make intelligent decisions. 

Here is how we assist you during your divorce:

  • Help in completing your financial statements – listing income, expenses and all assets/property, which are required by the courts.

  • Guidance in preparation of a realistic budget

  • Help in understanding important matters such as child support and alimony.

  • Help in understanding retirement accounts and how to divide them

  • Presentation of alternative settlement options and help in understanding the financial ramifications of each of these options

Call us today for a free consult: 907-347-3860

Tags: divorce help, divorce financial help, divorce planning, alimony, spousal support, child support, divorce financial tips, CDFA, divorce assets, divorce debt, marital assets, marital debt, hidden assets

This information is not intended to be a substitute for seeking legal advice from an attorney. For legal or tax advice please seek the services of a qualified attorney and/or qualified tax professional.

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Kimberly Surber

Certified Divorce Financial Analyst®

Serving Riverside County, San Diego County


Kimberly Surber is a Certified Financial Planner®  and a Certified Divorce Financial Analyst®; however such registration does not imply a certain level of skill or training and no inference to the contrary should be made. Information presented is for informational purposes only, does not intend to make an offer or solicitation for the sale or purchase of any securities, and should not be considered investment advice.  Kimberly Surber has not taken into account the investment objectives, financial situation or particular needs of any individual investor. There is a risk of loss from an investment in securities, including the risk of loss of principal. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will be profitable or suitable for a particular investor's financial situation or risk tolerance. Asset allocation and portfolio diversification cannot assure or guarantee better performance and cannot eliminate the risk of investment losses. Be sure to first consult with a qualified financial advisor and/or tax professional before implementing any strategy discussed here. Past performance is not indicative of future results. Investments involve risk, including loss of principal and unless otherwise stated, are not guaranteed. Information provided reflects Kimberly Surber's views as of certain time periods, such views are subject to change at any point without notice. For a copy of our Privacy Policy, see below.

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