7 Financial Steps To Take When Getting A Divorce

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The financial effects of divorce could be worse than any downturn in the economy. An average bear market lasts 15 months and results in a 32 percent loss in investments, according to investment firm Edward Jones. Meanwhile, a divorce can wipe out 50 percent of a person’s assets and never ends, says Ken Moraif, founder and senior advisor of Dallas-based financial firm Money Matters.

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Faith Nouri is licensed to practice law in both the U.S. and Canadian Federal Courts. Ms. Nouri is an attorney at law in California, and a Barrister & Solicitor in British Columbia, Canada.