Want Financial Security After Divorce? Here’s Your Checklist

financial security

By Jackie Pilossoph, Creator and Editor-in-chief, Divorced Girl Smiling site, podcast and app, Love Essentially columnist and author

The first time I ever met Elaine Moss, I felt like we were instant friends. Elaine is just that kind of person: warm, kind and caring. Elaine and I have a mutual friend who told us we should know each other because both of us have a niche in our careers: women thinking about divorce, going through a divorce, or already divorced. I give emotional support, Elaine offers guidance for those worried about financial security after divorce.

With clients throughout the U.S., Elaine is a Vice-president and Wealth Management Advisor for Vestor Capital,  a Chicago and Lake Forest based firm that specializes in holistic  wealth management and planning for women facing life transitions, including those who wish to maintain financial security after divorce.

I would like to mention that I have been a client of Vestor for almost 4 years, and could not be more pleased with both the performance and the service of the company. Everyone I have met and done business with at Vestor (including Elaine, of course) is professional, trustworthy and passionate about helping clients maintain financial security and grow their investments.


Here is an article written by Elaine. 


A Checklist for Protecting your Finances And Lifestyle During Divorce and After

by Elaine Koby Moss


Anyone who has ever gone through a divorce will tell you what a stressful time it is. Dealing with emotional pain, the affect it is having on your children, the legal process, and the fear of your new life is overwhelming to say the least.

Then there are the financial issues that come with a divorce; an aspect that perhaps can end up being the most stressful part of the process. Do I have to go back to work? Am I going to have to move out of our house? What happens to our joint savings? These are just a few of hundreds of questions that need to be addressed when figuring out a fair and equitable settlement, and ensuring financial security.

Here are 4 important steps you can take to make the process easier and to improve your chances of walking away with the feeling of financial security  in your divorce:

1. If you are a stay-at-home mom, and wish to remain as such, understand that you have the right to do so.

Illinois law views marriage as a partnership, and recognizes that “homemaker services” are as significant as “financial contributions”. Value what you do as a stay-at-home mom, especially if you have young kids who are dealing with extensive changes as is (i.e. the divorce). Their mom going back to work right away might not be the best thing for them. That said, should you choose to go back to work, that’s OK, too. Just know that the decision should be yours and no one else’s.

2. Understand what your assets are and where they are.

In other words, this is the time to educate yourself on every asset you have and where the assets are. Make a list of the investments that includes the institution where it is held and a contact name and phone number. Also, no need to “hide” anything, because during the discovery period of your divorce, it will all be uncovered.

3. Figure out what your expenses are and the amount of money you need every month to maintain your current lifestyle.

This takes a lot of time and thought, and might take a couple weeks to figure out. In other words, don’t rush it. Make a detailed list of all of your expenses. Really think about what you spend. You deserve to continue living in the manner of which you’ve grown accustomed, and you need to make sure your monthly income needs are accurate and fair.

4. Contact a financial advisor and interview him or her.

Make sure you like and trust the person. Also, get references if you can. An advisor will help you develop a financial plan, which is crucial. It is very important to understand what your situation will look like in the years to come. A professional advisor can allocate your funds in the right combination of short-term, medium-term and long-term investments, as well as protection/insurance. It is also important that the advisor educate you on where your money is being invested. Don’t accept, “Don’t worry about it. I’ll handle it.” A good financial advisor will make sure you understand all of your options, and educate you so that you have the confidence to make the ultimate decisions.

What I think is really unique about Vestor Capital is that the entire firm’s team invests their money in the same products as their clients. So, in essence, they are standing by their investment choices with immense conviction. 

Another wonderful component to working with Vestor is that they will do a complete financial plan for you. They did it for me, and it opened my eyes immensely. The information they uncovered helped me make the best choices for my future, for my kids, and for maintaining financial security, and growing my investments.

If you would like a complimentary consultation with Elaine, feel free to call: (312) 641-2400 or email: emoss@vestorcapital.com



financial security

Elaine Koby Moss is a Vice President and Senior Advisor at Vestor Capital. She has extensive experience in advising high-net-worth clients and providing holistic wealth management and planning to clients. She has a particular focus on working with women, especially those facing life transitions such as divorce. Elaine has been in the financial services industry since 1986. Prior to joining Vestor Capital, she worked for Bear Stearns, and Tucker Anthony. She holds a Bachelor’s degree with a concentration in Political Science from Tulane University. To contact Elaine, visit Vestor’s website, or email: emoss@vestorcapital.com.

Like this article? Check out, “20 Things I Wish I Could Have Told My Newly Separated Self.”




Divorce Real Estate is a Real Thing - Free Book

Sign up for the Divorced Girl Smiling newsletter to get weekly articles on divorce and dating.

Sign up
Listen to the Divorced Girl Smiling podcast! a weekly show about divorce and dating


Divorced Girl Smiling welcome video
Jackie Pilossoph

Editor-in-chief: Jackie Pilossoph

Divorced Girl Smiling is here to empower, connect and inspire you. Jackie Pilossoph is the creator and Editor-In-Chief of Divorced Girl Smiling, the site, the podcast and the app. A former television journalist and newspaper features reporter, Pilossoph is also the author of four novels and the writer of her weekly relationship column, Love Essentially. Pilossoph holds a Masters degree in journalism and lives in Chicago with her two teenagers. The author of the novels, Divorced Girl Smiling and Free Gift With Purchase, Pilossoph also writes the weekly dating and relationships advice column, “Love Essentially”, published in the Chicago Tribune Pioneer Press and the Chicago Tribune online. Additionally, she is a Huffington Post contributor. Pilossoph holds a Masters degree in journalism from Boston University.

4 Responses to “Want Financial Security After Divorce? Here’s Your Checklist”

  1. Ed Jeremy

    This is a great article with wonderful tips. I will definitely keep this on file for our clients.

    • Jackie Pilossoph

      Thank you. Elaine Moss is a wonderful financial advisor for high-end portfolios of women in transition.


Leave a Reply

Your email address will not be published. Required fields are marked *