Financial analysis conducted early in the divorce process can save time…
In the beginning stages of the process, both parties spend a great deal of time trying to get a clear understanding of the financial aspects and terminology of the separation. A Certified Divorce Financial Analyst® professional can explain all financial aspects of the pending decisions and help to empower clients to make educated decisions throughout the proceedings.
…And save money.
By helping you a clear view of your financial future. Only then can you approach a legal settlement that fully addresses your financial needs and capabilities. A legal settlement that floats back and forth between attorneys, without you having a clear understanding of all financial ramifications, can be detrimental, time consuming and expensive.
Help you avoid long-term financial pitfalls related to divorce agreements.
We will forecast the short and long-term effects of any divorce settlement. This includes details of all tax liabilities and benefits. Developing a long-term forecast for your financial situation is far better than a short-term snapshot. Financial decisions must be made that not only take care of immediate family needs, but longer-term needs as well.
Assist you with financial decision making during the process.
Life goes on during a divorce or legal separation. Making sure you’re adjusting to that new financial lifestyle is paramount.
Reduce the amount of apprehension and misunderstanding about the divorce process.
Misinformation and misconceptions about the divorce process can be detrimental. Many have false expectations that they will be able to secure a divorce settlement allowing them to continue with their accustomed style of living. Financial divorce analysis helps to ensure a good, stable economic future and prevent long-term regret with financial decisions made during the divorce process.
Although some financial planners have the relevant tax and financial knowledge to act as traditional “outside experts,” a Certified Divorce Financial Analyst® is best suited for a more intimate involvement in the divorce process.
Other benefits of using a Certified Divorce Financial Analyst®:
- Thorough treatment of all financial issues
- Complete understanding of post-divorce financial situations
- Reduction in emotional distractions and fears around the financials
- Empowerment through knowledge
- Can appear as an expert witness in litigated cases
- Assist in mediation sessions
- Knowledgeable about the legal issues of divorce, as well as specific tax laws that apply to divorcing couples.