Patrick Breen Blog

Divorce Finances Welcome to the Patrick Breen blog. Your finances post-divorce can significantly set you back. Emotionally, it can devastate your self-esteem and your belief of what your life can be like in the future. Regardless of the reasons for the split, the repercussions may linger for a long time after. If your divorce was particularly contentious, you might have a long road ahead for recovery. One thing you can take control of relatively quickly is your financial situation. After the property, debt, and assets get divided, you will have to begin getting yourself on a good financial path. Take a closer look at these five things you can do to improve your finances post-divorce and set yourself up for financial success in the future. During your marriage, perhaps your combined income did not require you to create a budget. Now that you are a one-income household, you should start getting into the habit. A budget is not meant to intimidate or shame, but rather help. It allows you t

 Divorce House Sale Welcome to the Patrick Breen blog. Divorce impacts several areas of a couple’s lives. The family residence tends to be the most complex. Whether a couple decides to keep or sell the home, it is inevitable that living circumstances will change. The decision to sell the marital home leads to other challenges. For example, if both names are on the deed, it is jointly owned. This is why it is important to understand your buying and selling options during divorce. In many cases, only one spouse can list the property, but both parties will need to sign off on the listing agreement, contract of sale, and various closing documents. One spouse cannot sell the house without the other’s consent.  Some questions need to be asked and answered about the buying and selling options a couple has when they divorce: How will the real estate professional be selected to sell the home? Will it be a joint decision? Will they both be available for showings, or will one allow the other to m