Stay organized with these first steps
- Gather your support team of trusted friends and family, in addition to legal and financial experts, to help you manage your divorce
- Get copies of important documents such as tax returns, car registrations, and insurance policies
- Read up on your state's divorce laws so you know what you can expect when you work with a mediator or lawyer
Get 1:1 planning and guidance
We understand that divorce can be an overwhelming and emotionally difficult transition. Fidelity's financial professionals can help ensure you maintain a sound financial footing. We'll work with you to create an investment strategy that can help meet your new goals.
Important financial considerations during a divorce
Webcast: Making confident decisions during divorce
How are assets split?
One of the most important factors in your quality of life after divorce is how your shared assets are divided. That's why it's critical to work with a financial professional that can help you understand how these assets fit into the greater picture.
Most states follow the "common law" system. That means you retain sole ownership of any property you acquire during a marriage. But in community property states, any income or assets that can't be identified as separate property are likely to be considered equally owned. Hidden debt is a common surprise among divorcing couples: Even in non-community property states, divorcing spouses are often held jointly responsible for debt incurred through jointly issued credit cards or loans.
Read more about splitting assets
Rebuilding your financial life
Fidelity does not provide legal or tax advice. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Fidelity cannot guarantee that the information herein is accurate, complete, or timely. Fidelity makes no warranties with regard to such information or results obtained by its use, and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation.
Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917