Divorce Financial Planning
Divorce financial planning is about the future. Divorce law talks about “equitable distribution.” At Families in Transition, we’re interested in equitable solutions. And not just for property division. We help you consider what happens after the divorce. Remember: two households must survive on the same dollars that used to support just one.
What Are The Benefits ?
As stated by the Association of Divorce Financial Planners, there are several benefits to divorce planning:
- Helps you take control of the divorce process by alleviating fear, anger or ignorance
- Gives a clear understanding of your current financial picture
- Gives a clear understanding of your future financial picture
- Keeps the focus on reaching a fair and workable settlement
- Promotes a faster resolution of all financial matters, equitably, for both spouses
- Minimize legal fees
- Minimize taxes
- Maximize the use of marital assets
Setting Goals
As part of your mediation, we take a hard look at the numbers . We start by helping you to:
- Compile, Organize, and Value Assets
- Analyze Liabilities
- Estimate Immediate Needs
- Prepare Statements of Net Worth
- Develop Realistic Budgets
Then, as your financial picture clears, you can:
- Discuss and Prioritize Goals
- Compare After-Tax Asset Sales
- Project Retirement Needs
- Analyze Insurance Needs
What If Analysis
Finally, using our training and advanced software tools, we can run through the “what-ifs” :
- Look at After-Tax Proposed Settlements
- Estimate Maintenance Needs
- Analyze Long Term Cash Flow and Net Worth
- Compare and Contrast Settlement Proposals
- Develop Alternate Settlement Proposals
We think this is a deeper level of commitment to helping you and your spouse understand the key financial decisions you will make than you will find with other divorce professionals.
Our divorce financial planning services are available as a stand-alone service. We will be happy to meet with your attorney, mediator or tax professional to help you better prepare for divorce.