Written by: Soren T. Christensen, CFP®, CIMA®, ChFC®, MBA, Founder & Chief Planning Officer, Advanced Wealth Advisors

For anyone considering divorce, my first piece of advice is this: Batten down the hatches. Divorce is challenging not just emotionally, but also financially. I recently guided my mother through a very tough divorce, so this topic hits close to home. Although the American Psychological Association predicts 40-50 percent of current marriages will end in divorce, many fail to prepare for this potential outcome. In this article, I’ll focus on financial planning and wealth management considerations women should make prior to filing for divorce.