Divorce Financial Analysis
I Combine CDFA® Expertise in Equitable Distribution or Community Property States with an Extensive Mortgage Lending Background to Provide Comprehensive Support Through Every Stage of the Divorce Process and Help Navigate a Mutually Acceptable Divorce Settlement.
When couples are going through the divorce process they are making one of the biggest financial decisions they may ever make. A key component to attaining an equitable divorce settlement is an in-depth review of a couple’s assets & property to determine what portions are marital and separate. There are existing tax laws pertaining to divorce that carry financial implications and potential tax consequences of asset, debt and property division, because not all marital assets are equal.
A family law attorney will help guide you through the steps of divorce and the legal questions while a divorce financial analyst will help you understand your post divorce budget and the short and long term financial impacts. Lessen the worry about accepting a settlement that is not equitable.
A Divorce Financial Planner can take the settlement being offered and project out 5, 10, or even 20 years to show what funds you’ll have to live on if an agreement is signed.
If the projections show that funds will run out after 20 months, a new settlement will need to be negotiated. Working with a CDFA professional is critical before agreeing to any settlement. If an agreement has already been signed and cannot be renegotiated, a CDFA can review the financial situation and suggest ways to improve it by making suggestions on spending and/or savings changes.
*Projections are based on the assumption that tax structures, rates of return, and inflation remain constant over time.