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What the Financial Fallout of Divorce Means for Women: Reflections on My Recent Contribution to an Essence Article















I recently had the opportunity to contribute to an article in Essence titled “What Love Leaves Behind: The Financial Fallout of Divorce for Black Women” by journalist and author Kara Stevens. The piece pulls together insights from multiple divorce professionals — attorneys, financial specialists, therapists, and mediators — to shed light on the financial realities many women face during and after divorce.



As a Certified Divorce Financial Analyst® (CDFA®) and founder of The Next Chapter Divorce, I work with individuals and couples who are navigating the complex financial side of divorce. Many of the themes highlighted in the article mirror what I see regularly in my practice, whether someone is working with a family law attorney, a mediator, or using an alternative dispute resolution (ADR) process.



Why the Financial Side of Divorce Deserves More Attention


Divorce is often framed as a legal event, but in reality, it is also one of the most significant financial transitions a person may face. The decisions made during this time can influence long-term stability, cash flow, retirement, credit, and homeownership.


In the Essence article, we discussed several overlapping issues that commonly affect women:

  • Credit impacts from separation or unequal access to financial accounts

  • Childcare and caregiving costs that shift dramatically post-divorce

  • Retirement implications, including the need for QDROs and proper account division

  • Home equity questions, refinancing challenges, and affordability considerations

  • Tax consequences, sometimes overlooked in negotiations

  • Financial abuse or imbalance, which can intensify vulnerability during separation


These issues can be especially pronounced for Black women, who often face broader systemic financial disparities. The article centers these experiences while also illuminating patterns that show up across diverse communities.


Why Financial Planners and Attorneys Often Collaborate With CDFAs


The Essence article also reflects a growing recognition in the financial community: divorce requires specialized financial analysis, which is why many planners follow the CFP® Board’s guidance — recommending that CFP® professionals collaborate with CDFAs for divorce cases.


CDFAs often serve alongside:

  • Family law attorneys

  • Mediators and ADR professionals

  • Mental health professionals

  • Divorce mortgage specialists


Working together, these practitioners help individuals and families make informed, sustainable decisions during an emotionally charged time.


The Role of ADR and Out-of-Court Divorce Processes


Many of the themes in the article are also highly relevant for people choosing out-of-court approaches — including mediation, negotiated settlements, and other ADR methods. These processes often create space for clearer conversations about financial trade-offs, long-term goals, and equitable planning.


In my work with clients and with organizations such as Purse Strings https://pursestrings.co and the Amicable Divorce Network https://www.amicabledivorcenetwork.com, I see how multidisciplinary support can reduce conflict and bring more clarity to an already challenging transition.


Supporting Women Across Backgrounds


While the article centers on the financial realities disproportionately affecting Black women, many of the insights apply broadly. Women from all backgrounds face similar questions about affordability, childcare, retirement, homeownership, and rebuilding after divorce. Understanding the financial impacts — and having the right team in place — can make this transition more navigable.


Read the Full Essence Article


If you’d like to read the full piece, you can find it here:


About The Next Chapter Divorce


At The Next Chapter Divorce, my focus is on helping individuals and amicable spouses understand the financial side of divorce so they can make informed decisions about their next chapter. Whether someone is working with an attorney, mediator, or another ADR professional, I serve as the financial translator — clarifying options, modeling outcomes, and helping clients prepare for the transition ahead.


If you’d like support navigating the financial aspects of divorce or learning more about the resources available, feel free to explore the services offered on this site or reach out directly.


Schedule a Divorce Financial Clarity Session

If you’re navigating divorce and want a clearer understanding of your financial picture, you can book a consultation using the link below.→ https://thenextchapterdivorce.cliogrow.com/book


Connect About Case Support or Collaboration

For attorneys, mediators, therapists, and other divorce professionals interested in incorporating CDFA support into their work, connect here:→ https://www.thenextchapterdivorce.com/contact


Let’s Talk About Your Next Chapter


Every divorce is different, and the right strategy depends on your specific goals and timeline. I can help you understand the financial side of things and collaborate with your legal and tax professionals to get it right.












Disclaimer

I provide financial guidance as a Certified Divorce Financial Analyst (CDFA®), specializing in divorce planning. However, this article is for informational purposes only and does not constitute tax or legal advice. Please consult a qualified tax professional to ensure you meet IRS requirements, and an experienced family law attorney to properly draft your divorce documents.



🔗 Sources

1. IRS Topic No. 701 – Sale of Your Home

2. Morrison Mediation – Minimizing Home Sale Capital Gains Tax in a Divorce

3. IRS Publication 523 – Selling Your Home

 
 
 

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