Mediate Michigan

In most marriages, there’s one partner who pays the bills and invests and another who doesn’t. So, what do you do when our money becomes your money and you have never even looked at a brokerage statement?

In the event that your divorce leaves you flush with funds, you will find all kinds of new “friends” crawling out from the woodwork to help you out. Whether your new money comes from a divorce or a lottery ticket, this is a very, very vulnerable time because scam artists prey on the financially illiterate nouveau riche. Salesmen use everything from friendship and authority, to fear and intimidation, to limited availability to win your confidence and take your dough, which means that your first job is to learn how to grade your guru before you commit to any financial partner.

via Natalie Pace: What to Do When Our Money Becomes Your Money.