HOW CAN COLLABORATIVE DIVORCE STRATEGIES HELP ME?
The first question we get asked when meeting with a new client is, “Am I going to be okay financially?” We are experienced, personally and professionally, in the intricacies of financial issues in divorce. Our role is to assist you and your attorney to understand how the financial decisions you make today will impact your financial future so that you’re not just surviving, you’re thriving. Here is how we help you do that:
We will help guide you in compiling all of the financial documents you will need to start the financial discovery process
We will take a deep dive into your current household income and expenses; and seek to estimate what your post-divorce budget will be
You will understand how child support and spousal support are calculated, the differences between them, and how to avoid IRS re-capture rules
We will determine the Income Available for Support, especially if you or your spouse’s income varies year over year
We will provide an objective viewpoint during an emotional time to help you:
Determine whether you can afford to keep the house and how the decision should be carried out if you should decide to do so
Determine if it’s better for you to negotiate keeping liquid vs. illiquid assets
Understand what are your options are when your spouse owns a business
You will learn about complex divorce financial issues such as identifying separate property; valuing and dividing marital property, how to divide retirement accounts vs. pensions; and current and future personal income tax ramifications
You will understand the importance of protecting your settlement with life or disability insurance
You will understand the short- and long-term impact of every financial decision you face and we will offer insight into the pros and cons of different settlement proposals so that you may choose the option most consistent with your goals.
We can provide forensic asset tracing to illustrate where marital assets have been spent or dissipated
You will receive personalized reports to illustrate your financial status, cash flow, and net worth pre- and post-divorce as necessary. Reports are updated throughout the process to ensure you are always prepared.
We will produce powerful case exhibits for you and your attorney in the form of spreadsheets, graphs and tables that simply and completely convey results of our analysis and help find hidden and obscure assets and avoid missing something in the settlement
We will offer you planning strategies and help brainstorm solutions for each and every question or concern.
You will avoid the common financial mistakes made in divorce and choose the best settlement options.
We will provide reliable expert witness testimony if your case goes to court.
Most importantly; you will transition successfully into your new financial reality with a game plan for financial independence with confidence and clarity
At Collaborative Divorce Strategies (a network member of Wellspring Divorce Advisors), we are a team of Certified Divorce Financial Analysts® (CDFA®), Certified Financial Planner® Practitioners (CFP®) and Certified Public Accountants (CPA). A Certified Divorce Financial Analyst® has earned the credential from the Institute for Divorce Financial Analysts by completing course work and examinations to test competence in the subject matter specific to Financial Planning, Analysis, Accounting and Financial Advisory in Divorce Proceedings. We are trained in divorce-specific Mediation and Collaborative Divorce and regularly participate in Family Law-specific training along-side attorneys.
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As your partner, we will help you understand and prepare financially for what the future holds. Get in touch with Collaborative Divorce Strategies today to begin planning.