Five Tips if You’re Getting Divorced in 2024

Understanding the process and getting solid advice can help you achieve a better outcome.

Divorce papers, wedding rings and a pen sit on a desk between the folded hands of two spouses.
(Image credit: Getty Images)

When people are getting ready to walk down the aisle to say “I do” to the person they want to spend the rest of their lives with, divorce is often a passing thought, an experience reserved for others. Many of us have heard the statistic that roughly half of all marriages in the U.S. end in divorce. That statistic still holds true for first marriages. But if you’re going through a divorce, statistics are irrelevant: It’s your life that’s being impacted.

If you find yourself in a position where your marriage is coming to an end, having a good understanding of the divorce process and key professionals to involve can help alleviate some feelings of anxiety. It is essential to carefully think about financial matters when going through a divorce. This decision is a huge one — and has consequences that will impact the trajectory of one’s financial future, family and retirement.

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This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Julia Pham, CFP®, AIF®, CDFA®
Wealth Adviser, Halbert Hargrove

Julia Pham joined Halbert Hargrove as a Wealth Adviser in 2015. Her role includes encouraging HH clients to explore and fine-tune their aspirations — and working with them to create a road map to attain the goals that matter to them. Julia has worked in financial services since 2007. Julia earned a Bachelor of Arts degree cum laude in Economics and Sociology, and an MBA, both from the University of California at Irvine.