Divorce Planning

All too often divorce statistics can become personal realities for many individuals, since on average one out of two marriages ends in divorce. Divorce can bring financial burden upon both parties and, when there are children involved, may strain family relationships.

Many people in a divorce situation make important decisions in a rash manner, with emotions impairing good judgment. This type of hurried decision making represents a short-term view that may serve the parties well in the near future but result in hardship that last for decades and sometimes their entire life.

One way individuals might lessen the financial burdens of breaking up is through the use of a Financial Professional with special training in the divorce situations, such as those with a CDFA™. These financial professionals help clients maximize the value of the monetary settlements they ultimately accept and show them different ways to address long-term needs during the negotiation process.

A specially trained Financial Professional can work with divorce Attorney’s, Mediator’s and Collaborative Practices helping you to create and reach a durable and long lasting agreement.

You, as a client, select a Financial Specialist to help you:

• Identify financial hopes, concerns, goals and objectives
• Gather and organize your financial data
• Understand the financial implications of your settlement options; including effects of taxes and inflation
• Provide the financial reality check you need to move forward
• Increase your knowledge so that you are confident in making your own financial decisions

A Financial Specialist assists you by;

• Facilitating safe, honest and informed financial conversations
• Providing and un-biased assessment of your finances
• Utilizing charts and graphs to help you understand the estimated financial results of settlement ideas
• Presenting financial reports and cash flow charts to you and your attorney to ensure complete understanding
• Helping you to utilize the financial data to promote conversation and settlement

Engaging a Financial Specialist early on in the process has helped divorcing couples take a more proactive role in their own finances. Please keep in mind that these financial specialists do not offer specific tax or legal advice.