THE SITUATION

Sheryl has four school-aged kids and was married to a successful CEO of a Texas-based company. After evidence of her husband’s infidelity was uncovered, Sheryl began divorce proceedings. What followed was a very nasty, protracted, and painful divorce. Immediately after the divorce was finalized, Sheryl’s ex-husband lost his job, making alimony and child support payments uncertain. Broken and anxious about her financial situation, a friend recommended she talk to the team at CD Wealth Management. 

THE SOLUTION

Immediately, Ilona Friedman and the CD Wealth Management team met with Sheryl to listen to her story and provide moral support. Sheryl was able to discuss her fears and concerns about providing for her children and her immediate and short-term needs. Ilona and the CD Wealth Management team put together a plan that focused on helping Sheryl meet her immediate financial obligations including paying attorneys fees, ongoing bills, and now taking care of the children as a single mom. Meeting regularly, Ilona worked with Sheryl to help her structure a livable budget with income from Sheryl’s new job and spousal support, child support, and investments.

Today, Sheryl has a strong financial strategy that includes a plan for her retirement when she is in her 60s. As a single mother, she is successfully providing for her family and even putting her oldest child through college. As she looks back now Sheryl describes that time as when the light broke through the darkness of the most difficult time of her life. She credits Ilona and the CD Wealth Management team as being a “lifesaver” to her and her children at a time when she was desperate for financial clarity, support, and counsel.

Sheryl is a real client and her story is true. We have changed her name to protect her privacy.