You must thoroughly understand where you stand financially before you can know whether or not an offer is going to be workable for the long term. As a Certified Divorce Financial Analyst™I will make sure your settlement is fair and equitable before you sign on the dotted line.
If you accept that the legal process will protect your financial assets, think again! The financial aspects of ending a marriage can be among the most important decisions you will make in your lifetime. You should protect yourself by making financial plans early in the divorce process. You must be proactive rather than reactive in order to protect your financial future. The earlier you start this process, the less likely you are to make ill-informed decisions that will last a lifetime.
If you haven’t analyzed your assets and debts, understand child support and alimony, and the tax implications of a settlement—you may accept an offer that is potentially devastating for you, regardless of how “equal” the dollar amounts on the bottom line appear to be. An “equitable” divorce settlement may not be a 50/50 split; it takes into account the financial situation of each spouse. My job is to analyze the financial implications of a settlement offer to secure the best possible outcome.
Statistics have shown a woman’s standard of living declines an average of 36% after divorce, while men experience an increase of 28%. When comparing married women to divorced women who never remarry, these women experience a 66% decline in personal wealth. Many women don’t consider social security, pensions, and retirement accounts when thinking about post-divorce life. Neglecting retirement issues during the divorce settlement can have devastating results during your retirement.
A CDFA is a licensed professional, trained to provide support to clients, attorneys, and mediators. We can help you focus on the difficult financial issues at hand, making the process more efficient and cost-effective. Our knowledge of tax law, asset distribution and short and long-term financial projections will help achieve an equitable settlement. At Equitable Divorce Solutions, we will help you:
No matter where you are in the divorce process, it’s never too late to take charge. You can help yourself by learning as much as possible about the divorce process and surrounding yourself with experts such as an attorney, a therapist, a career advisor, and a certified divorce financial analyst to assist you with the legal, emotional and financial aspects of divorce. Read our financial divorce guide.
Your attorney is responsible for the legal aspects of your final decree. The therapist is in charge of emotional support during this trying time. Equitable Divorce Solutions will be there to advocate for you from the beginning stages of the divorce, through settlement negations and beyond. Don’t wait until the divorce is final to discover you’ve gotten an unfair settlement. Please call my office today, at 480-607-1131, to schedule a no-obligation consultation.