Frequently Asked Questions
I HAVE AN ATTORNEY, WHY DO I NEED DIVORCE FINANCIAL PROFESSIONALS?
If you are considering or currently navigating a divorce you probably have a lot of questions, most of which boil down to, "Am I going to be OKAY?”. Reality is that everyone’s definition of okay is different and everyone’s idea of fair is different. Building a competent and trustworthy team of advisers that can help you determine what OKAY and FAIR really mean to your family is crucial in this emotional time of your life. There are really three parts to every divorce: the Legal, the Emotional and the Financial. You need an attorney to provide legal advice. You need a Mental Health Professional to help you navigate your emotions. You need Divorce Financial Professionals to provide financial advice and post-divorce financial planning. We become part of your divorce team working alongside your attorney to provide guidance, education, support and analysis of financial issues to help you make rational and informed decisions.
WHO SHOULD UTILIZE COLLABORATIVE DIVORCE STRATEGIES?
All individuals going through the divorce process will benefit from financial counseling and advice. We work with clients from a variety of backgrounds, including but not limited to: Women individually, Men individually, Families with one primary wage earner, dual-income Families, retired individuals and couples, first or second marriages, Families with and without children, Individuals and Families with significant assets and income, Individuals and Families with moderate assets and income and Families or Individuals with significant inheritance or potential inheritance. We encourage you to talk to us and discuss your personal situation.
HOW DOES COLLABORATIVE DIVORCE STRATEGIES DIFFER FROM OTHER FINANCIAL PROFESSIONALS?
Most financial planners and accountants excel in their chosen field, but few have training specifically related to the financial issues of divorce. When a client asks them for assistance, they are unaware that they do not have the required knowledge and end up finding out what they wish they had known only after the divorce has been finalized.
We are specialists in the financial matters related to divorce and work with your CPA and/or Financial Advisor. Working with us also provides the benefit of having a liaison with those professionals if they have worked with both you and your spouse up to this point helping to reduce a conflict of interest.