Tailored to meet your needs
Divorce Financial Planning
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When it comes time to divide marital assets, and other financial decisions to be made, it is important to be well-informed and rely on someone with a financial background. We will explore the best scenarios to consider in your negotiations and work through the relevant issues with you.
Divorce Coaching
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Sometimes you have a good handle on the finances, but overwhelm seems to be the mode of each day, you need an objective thinking partner with a fresh perspective. We will focus on what is important to you to bring about new ideas, renewed clarity of thought, and walk you through the divorce process.
For Couples
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For couples who want to work through the financial issues together, we can help. The husband and wife will each have a CDFA partnering with them as we work through the scenarios. You and your spouse will determine the options to consider, with our guidance, so you can take these to your respective attorneys for drafting of the documents.
Women And Divorce
Finances Matter
Generally speaking, the dependent spouse suffers more financially during divorce. Sometimes, that is a woman, and it becomes even more important to understand your finances and what they may look like in the future. You want to minimize financial vulnerability in the long run. Even if you are the primary wage earner, having someone that is on your side of the table is important during this process.
According to yourdivorcequestions.org the financial burden is greatest during the first year after divorce and varies depending on: (1) how much money the woman contributed to the family income before divorce, and (2) the ability and willingness of her former husband to make child support payments.
- About one in five women fall into poverty as a result of divorce. (The 2014 poverty line for a family of three is less than $20,000 a year.)
- About one in four women lose their health insurance for a period of time after divorce.
- About one in three women who own a home and have children at home when they divorce lose their homes.
- Three out of four divorced mothers with child-support orders don’t receive their full payment
When you’re dealing with the complexities of a divorce, you need financial expertise that’s both trustworthy and customized to your individual situation. We know it is an especially challenging time, even when you are comfortable with your personal finances.
