A Certified Divorce Financial Analyst Can Assist You:  Before Divorce 

This phase begins with the feeling that your relationship may not remain intact or with you or your spouse announcing that a divorce is imminent. Contemplating divorce, you may want to know the financial impact of such a decision before you actually announce and go ahead with it. For some, understanding the long-term financial impact may result in deciding that divorce is not beneficial for the individual or family. We can provide you with this understanding through our analysis.
If you unexpectedly get notified by your spouse that the relationship is over, it’s time to assess your resources and seek professional guidance so you can start evaluating solutions to this problem.

Services

Ø Explore, clarify, and prioritize your goals (short- and long-term)

Ø Document your marital standard of living by reviewing spending patterns

Ø Compile, organize, value, and examine financial assets and liabilities

Ø Value real estate, businesses, and professional practices (normally outsourced)

Ø Value pension plans

Ø Compile an inventory of personal property

Ø Review tax returns and financial statements

Ø Track money flows through brokerage statements

Ø Evaluate employee benefit packages (including employee stock options)

Ø Prepare statements of net worth

Ø Generate estimates of annual income (very important for self-employed spouses)

Ø Evaluate short-term cash needs for living expenses

Ø Develop realistic spending plans for before and after the divorce

Ø Estimate your career training costs and the timing of those costs

Ø Estimate your future earning potential

Ø Estimate your children’s college and education costs

Ø Determine your financial needs during retirement (independence)

Ø Determine your insurance needs review your current policies in the areas of life, health, disability, long-term care, auto, home, and excess liability
Benefits

Ø You take control of the divorce process

Ø You gain a clear understanding of your current financial picture

Ø You gain a clear understanding of your future financial picture

Ø You have better information from which to make decisions

Ø You are able to negotiate more effectively

Ø Often, there can be a faster and more equitable resolution of all financial matters

Ø Our process can help you minimize legal fees by understanding the finances involved and avoiding going to trial (having an alternate settlement prepared by a financial expert can add clout to the settlement process. The other spouse’s attorney may be more encouraged to settle out of court)

Ø Our expertise can help you minimize taxes

Ø We will help you maximize the marital assets to your benefit

Ø Your stress level is reduced because you understand the short and long term implications of the settlement.