I'm getting divorced... and now? What happens to my finances?

I have recently received news of the recent divorce decision of two great friends. Both built a successful business in 14 years, have a beautiful home and multiple assets, thanks to wise decisions in financial opportunities. Now, their lawyers agree that the best option is to sell absolutely everything... now, my question is: will it be the best option, how much profit can they make, will it be profitable in a Venezuela with hyperinflation?

At this moment, it is unlikely that they will recover the investment and with the profit obtained it is impossible to buy a new asset in the country where the ex-husband is planning to migrate to.

When feelings get involved in our finances, it is very possible to make good or chaotic decisions, that is why it is necessary that both parties can sit down and together, establish strategies that benefit the parties involved for the sake of the children (if any) and their own.

Without wanting to get involved in the life processes of my friends, I have considered several points that should be taken into account in cases like this.

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Retracing our steps

For the divorce to exist, there was previously a courtship and a marriage, consequently, indistinctly the reasons for the separation, the agreements in these 14 years, the distribution of roles and tasks in the home and the administration of the money that each of the parties invested, must be classified:

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The Children

The children are the most fragile part, so it is necessary that both parents establish strategies for their care and protection. The fact that the parents have decided to separate, the bond with the children is forever. Education, health insurance, alimony, parental rights, covering their basic needs, among others, must be a point of common agreement, in favor of their emotional growth. for their emotional growth.

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Common Business

If there is a business in common, a Brand or an active enterprise, there are several options that will be oriented in the relationship and the personal attitude that at that moment they have. The dissolution of the partnership or the sale of shares in order to keep the brand active in the market or another viable solution, should be the one that best favors both parties. If the business was obtained before the marriage, with previous capitulations, it should still be subjected to what is implied by the improvements that both made during the union and of course, evaluate the profits and/or losses in the time of the marriage based on what was invested during that time (not before); the majority share will always be of the spouse who already had the business, Brand or Entrepreneurship.

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Patrimonial Assets

My friends, have decided to rent their home to a company that hosts businessmen and flight crew personnel who need to reside for short periods of time. Selling for them is not an option option, due to the economic conditions in Venezuela, they have agreed that they need a fixed asset, which can guarantee in one way or another the that can guarantee in one way or another the economic stability of their youngest child.

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The debts

Also included in the agreements: mortgages and accounts payable, taxes, etc., must be presented on the table, as well as the ways to honor these obligations. The ideal is to present a general balance of the family economic situation, in order to act in an accurate way.

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Peace of Mind

Regardless of the reasons for the separation, the ideal is that both parties take the situation seriously and calmly. Always there is always a mourning to live, that is another matter; the more serenity they have, the better agreements and less traumatic will be the exit.

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Some divorces can be obsessive, unexpected and even unhealthy, with undesired results. The ideal is to to talk to and seek help from professionals (psychological, medical, legal and financial), who can help build each party and their lives. each of the parties and their lives.

Friends, I know how difficult this issue can be, at the beginning it is a very intense decision, but once accepted, even for the good of the
the good of the parties, it can be a liberating effect. I trust in God that all will work out well for everyone and that you will be able to find a
middle ground that strengthens the bond between parent and child.

I hope to see you in a new publication, but not before wishing you a great week, please take care of yourselves. I send you a BIG HUG

@leticiapereira
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