Divorce Hits Women Harder

Bad decisions can bring financial disaster post-divorce
MIAMI, July 28 /PRNewswire/ --

Post-Divorce...

-- The average woman sees a 45% drop in her standard of living; the
average man improves his standard of living by 15%.
-- Women usually get the biggest financial drain -- the home and children;
men get the biggest booster -- the ability to earn a higher income.
What can women do to protect their assets?

RENOWNED EXPERT IN WOMEN'S FINANCIAL ISSUES IS AVAILABLE TO DISCUSS TIPS FOR
AVOIDING A POST-DIVORCE FINANCIAL CRISIS
"Even the most professionally savvy women often make disastrous,
irreversible mistakes in a divorce," explains Certified Financial Planner
Faith Xenos, co-founder and partner of Singer Xenos, one of South Florida's
largest independent wealth management firms. "When it comes to divorce, women
need to get their heads out of the clouds and take the steps to protect
themselves from falling into financial crises."
Faith Xenos can offer simple steps any woman can take to protect her
financial interests, whether she's in the planning, execution or recovery
stage of divorce, such as:
1. Don't litigate. "A court battle will never yield any better than
50/50, which is where a long-term marriage will ultimately end up with a
division of assets," explains Xenos.
2. Recognize asset inequality. "All assets are not created equal,"
advises Xenos. "Two bonds may have the same value on paper, but if you proceed
at face value you could get stuck with illiquid or highly taxable assets. Have
a CFP or CPA review everything before you sign on the dotted line."
3. Be a detective. "There's no such thing as forensic accounting -- know
where your assets are today," suggests Xenos. "Start with tax returns, but
recognize that your husband could have other assets, like stock options with
his firm that could be very valuable later on. Items like these don't show up
on a tax return."
FAITH XENOS, CFP
Faith Xenos is a respected and experienced financial expert with extensive
knowledge of women's financial services. In addition to her roles as a
founding partner, Certified Financial Planner, chief investment officer, chief
operating officer, and advisor of Singer Xenos, Faith also leads the company's
Women's Financial Services division. Faith Xenos has been featured in
numerous publications, including Working Woman, Florida Trend, Miami Today,
Daily Business Review and Miami Business. Visit http://www.SingerXenos.com
for more information.
FOR MORE INFORMATION AND TO ARRANGE AN INTERVIEW, PLEASE CONTACT:
Jeri Yoshida at 310.396.8813 or JeriYoshida@StrategicVantage.com
SOURCE Singer Xenos

Jeri Yoshida, +1-310-396-8813, JeriYoshida@StrategicVantage.com