How Divorce Financial Planning Helps In a Divorce Matter

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How Divorce Financial Planning Helps In a Divorce Matter

Information Provided by: DivorceandFinance.com

How Divorce Financial Planning Helps

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

Information Provided by: DivorceandFinance.com

Suggested Reading

Divorce & Money: How to Make the Best Financial Decisions
This book is a practical guide to evaluating assets during divorce. It explains how to determine the real value of marital property including houses, businesses, retirement plans and investments and how to negotiate a settlement that is fair to both sides.

Authors: Violet Woodhouse & Dale Fetherling

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Resources & Tools

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