Divorce Financial Planning & Analysis
Financial planning is a service that is very helpful in divorce if you and your spouse have any assets or debts at all. A Certified Divorce Financial Analyst will assist you in identifying and valuing assets, finding “hidden assets” or “off the books” income, accounting for all debts, helps you develop a “post divorce” budget, and evaluating any proposed settlement agreements. This type of analysis can help ease the stress of making tough decisions like whether to keep or sell the marital home. Should your case need to go to go to trial, your financial planner will provide expert testimony on asset valuation, pension valuation, “reasonable needs” of spousal maintenance, income tax effects of the proposed settlement, and income received by you and your spouse. Once the final divorce decree is reached, your financial planner will be able to review the decree before it is signed to assure that everything is accounted for, the language is clear and indisputable later, and that all items are resolved.
Once your divorce is final however, you may still require financial planning services. All the tasks on the decree must be implemented. Accounts need to be divided or transferred, Qualified Domestic Relations Orders need to be completed, the budget must be re-evaluated, and any other assets and debts need to be handled accordingly. With a good, experienced financial planner at your side, divorce does not need to be a crushing financial experience, instead your financial life can move on
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