Divorce Planning

It is probably the number one reason people fail. The emotional and mental wellbeing of you and your family during this time is extremely important since the toll a divorce can have on the family can be hard to cope with. Doesn’t matter what side of the coin you are on…divorcer or divorcee. The financial ramifications can be devastating. But with proper planning and help in financially equitable divorce settlements, you can increase your chances of arriving at a settlement that fully addresses your long-term financial needs -- and your spouse's too.

What's missing in most divorce processes is financial expertise. It’s important that both partners have a clearer view of their financial futures. Only then can they approach a settlement that fully addresses the financial needs and capabilities of each. Planning for the future is an essential part of every divorce settlement. Separating or divorcing couples often face a major transformation in each of their financial circumstances. The bottom line is that two households must survive on the same dollars formerly supporting one. Since settlements are in large part financial, knowing your options, help you set priorities, and lead you through the hard choices ahead.

Often, the financial data on which settlements are based is unreliable. This leads to future problems for one or both parties. Accurate financial information helps the parties achieve workable settlements quicker and accept realistic lifestyle changes when necessary.

Planning for your future as well as your children’s is an essential part of every divorce settlement. Establishing a team to help you through this difficult period is paramount to your well-being.

  • Take control of the divorce process
  • Gain a clear understanding of your current financial picture
  • Gain a clear understanding of your future financial picture
  • Be more focused 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

Review Current Situation

  • 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 Time Horizon
  • Estimate Future Earning Potentials
  • Estimate College and Educational Costs
  • Compare After-Tax Asset Sales
  • Project Retirement Needs
  • Analyze Insurance Needs

Divorce Settlement Analysis

  • Look at 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

  • Oversee Asset Transfers
  • Set Up Budgeting and Money Management Systems
  • Manage Investments
  • Monitor Results
  • Update Plans