Managing Wealth and Well-Being Through, and Beyond, Divorce
By your side. To help you create a new normal.
Going through a divorce is life-changing, as spouses will have to make some of the most important financial decisions of their life during the process. It’s important for you to know that everything will be okay. This is not the last chapter of your life, only the next.
With so many other issues to address, decisions around money and finances can get overwhelming and even overlooked. It’s normal to feel a wide range of emotions during divorce – anger, sadness, fear and resentment. It’s important to factor feelings into decision making and not let emotions drive the process. Emotional decisions made during an unsettling time can lead to outcomes that don’t always align with your long-term financial health and well-being.
Planning your finances for the next chapter
Our team helps families navigate through the financial complexities of a divorce. We act as your advocate and collaborate with your attorney to help you make smarter financial decisions and plan for the next chapter of your life with confidence and peace of mind.
There are several divorce paths couples can take – traditional divorce, collaborative or mediation. The process and professionals you select will have a significant influence in the cost and conflict of your divorce. We lay out the pros and cons of each to help you determine which option is right for your family’s unique needs.
We also assist you in hiring your professional team including a divorce attorney, if not already selected, along with additional professionals such as a mediator, divorce coach, child specialist, forensic accountant, banker, insurance broker or anyone else you may need. We’re more than Certified Divorce Financial Analysts (CDFA®) professionals, Certified Financial Planners (CFP®) professionals and Certified Public Accountants (CPA). We walk the divorce path with you to ensure you have the professional, financial and emotional support you need.
A level playing field is important. We provide education and insights so you are better informed, avoid common mistakes and are empowered to make better decisions when splitting assets, doing what’s best for your children and evaluating the tax implications of your Marital Separation Agreement (MSA). Focus is always on your goals and the reasonable and practical strategies that will result in a successful outcome. We’ll always be your advocate.
Am I going to be okay? The two major components to figure out include allocation of parental responsibilities and divorce finances. Dividing assets during divorce and making major decisions like whether or not you should keep the house can be difficult. Add to that child support, who pays what for the children and the division of parenting time, and you have a lot to consider. We provide a detailed financial plan and analysis of various settlement options. A settlement assessment includes:
- Crunching the numbers you and your attorney want
- Modeling various settlement options
- Long-term projections that help you evaluate settling compared to the cost, complexity and potential upside of continuing negotiations and/or going to trial
This enables you to plan for the future and move on with your life with confidence. You can avoid financial mistakes, and we can help.
Focusing on the right issues while juggling everything else can be a challenge. We have the technical expertise and experience to uncover financial issues you can’t always see, asking the right questions now to help you avoid surprises later.
Once the divorce process is behind you, there’s still a lot of work to do. We help you transition into life after your divorce by helping implement your MSA including:
- Division of assets
- Helping manage cash flow, taxes and investments
- Auditing your MSA annually to ensure you get what was agreed upon
- Advising you when you need your attorney to help with post-decree work
By relieving you of the day-to-day management, you can enjoy a full life and embrace what’s next.
Divorce leads to the unknown, and we can help you face the divorce process with understanding and clarity.