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ADFP

Association of Divorce Financial Planners

For Professionals | Members Log-inMembers Area

  • Home
  • What is Divorce Financial Planning?
    • About DFPs
    • Benefits
    • About ADFP
  • FAQs
  • Resources
  • Find a Planner
  • Affiliates & Sponsors
  • Events

Divorce Financial Planning

The Financial Key To Your Divorce

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Find a Divorce Financial Planner

The Association of Divorce Financial Planners (ADFP) is the membership organization for expert financial professionals committed to helping clients and attorneys navigate the financial and tax consequences of divorce.

If you are contemplating divorce and looking for more information, we encourage you to explore our public resources and Find a Planner search to locate a qualified divorce financial planner near you.

If you are a financial professional interested in using your expertise to help clients and attorneys navigate the financial and tax decisions of divorce, we hope you will take a few moments to learn more about ADFP and the resources and programming we offer our members.

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How Can We Help?

Dividing The House - The marital home is perhaps the most emotionally laden asset in divorce. More than just an investment with financial value, the house is a repository of memories, hopes and dreams, items purchased together as a couple, as well as a safe haven for the children. …read more

Dividing The House

The marital home is perhaps the most emotionally laden asset in divorce. More than just an investment with financial value, the house is a repository of memories, hopes and dreams, items purchased together as a couple, as well as a safe haven for the children.

What is the best way to value the house? To “divide” it? Should it be sold? Refinanced? Who should remain in the house? If the value of the house is to be divided, where will the money for an “offset” come from? You may want to keep the house at all costs, so that the children are not uprooted. But will you have the cash flow necessary to cover the costs of upkeep if, for example, your roof needs replacing? Can you afford the ongoing expenses associated with owning the home? Even if you can, is it in your best interest to keep part of your money tied up in an asset that you can’t easily liquidate to meet your needs should an unexpected situation arise. A divorce financial planner will work with you to answer all of these questions, to help you understand the financial implications of selling, refinancing, and/or remaining in the house.

401K - A 401(k) is often the most valuable asset being divided in a divorce. Many people don’t realize the implications of dividing a 401(k). …read more

401K

A 401(k) is often the most valuable asset being divided in a divorce. Many people don’t realize the implications of dividing a 401(k). First, Uncle Sam is closely watching to ensure the account is properly divided with a qualified domestic relations order (QDRO). If the funds are transferred without a valid QDRO in place, the original account owner will have to pay taxes and possibly penalties. Second, there may be a loan that has been taken out on the 401(k). How will you account for that? Other important questions to consider before reaching a divorce agreement are whether the entire amount of the 401(k) be divided, or just a portion. And, if you will be the recipient of the transfer, where should the money be directed? Divorce financial planners have specialized education, training and skills in helping you to think through these questions and come to a clear decision.

Child Support - The money the non-custodial parent pays to the custodial parent to help pay for the needs of the child based on a series of mathematical formulas that help derive the proper amount of child support that should be awarded, frequently through automatic wage deduction.

Spousal Support - Also referred to as alimony or maintenance, spousal support is financial support paid to one spouse from the other paid in one lump sum, installments, or by a schedule which can be temporary or permanent.

Retirement Savings - When you are dividing one house into two (metaphorically and realistically), you will likely need to reassess your previous retirement dreams and plans. …read more

Retirement Savings

When you are dividing one house into two (metaphorically and realistically), you will likely need to reassess your previous retirement dreams and plans. Given the fact that your income, expenses and assets will be different once you are divorced, your will want to assess what your “new normal” will be and begin to set new retirement goals and make a plan for how best to work toward your goals. Your divorce financial planner can help you to assess different settlement proposals and their impact on your future, help you set new retirement goals and give you strategies to help you best achieve your goals.

Taxes - Decisions made during the divorce process can have long-term effects on federal and state income tax.

Find a Divorce Financial Planner

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Presenter: Mark DiMichael Program Description: Every day, Bitcoin and digital assets seem to become more and more mainstream for both businesses … Sign Up Today

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Financial Literacy Essential In Divorce


Have You Read?

Couple In Thought

10 Steps to an Effective Divorce

Once you, your partner or the two of you together have decided it’s time to divorce, there are steps you can take to make the process as effective and least stressful as possible. Below are some … [Read More...]

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Association of Divorce Financial Planners

2 Greenwich Office Park
Building 2 West
Suite 300
Greenwich, CT 06831
(508) 499 3701

Our Mission

As your ally, a Divorce Financial Planner listens to your needs, helps set priorities, performs expert financial analysis, improves the negotiation process, and empowers you to reach a settlement with confidence.

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