BENEFITS OF DIVORCE FINANCIAL PLANNERS
How Clients Benefit
Enlisting the help of a Divorce Financial Planner helps the client understand the financial situation during and after divorce. Here are some of the other benefits of including a divorce financial planner in the planning process:
- more control of the divorce process
- clear understanding of the current financial picture
- clear understanding of the future financial picture
- greater focus on reaching a fair and workable settlement
- negotiate more effectively
- ensure a faster resolution of all financial matters, equitably, for both spouses
- minimize legal fees
- minimize taxes
- maximize marital assets
How a Divorce Financial Planner Helps Clients
Divorce is a multi-step process. A Divorce Financial Planner is the best resource for informed guidance at each step in the process.
PRE-DIVORCE FINANCIAL REVIEW
- compile, organize, and value assets
- analyze liabilities
- estimate immediate needs
- prepare statements of net worth
- develop realistic budgets
LONG-TERM PLANNING
- Discuss and prioritize goals
- estimate career training cost and timeline
- estimate future earnings potentials
- estimate college and educational costs
- compare after-tax asset sales
- project retirement needs
- analyze insurance needs
DIVORCE SETTLEMENT ANALYSIS
- review after-tax proposed settlements
- estimate maintenance needs
- analyze long-term cash flow and net worth
- compare and contrast settlement proposals
- develop alternate settlement proposals
POST-DIVORCE FINANCIAL MANAGEMENT
- oversee asset transfers
- set up budgeting and money management systems
- manage investments
- monitor results
- update plans