Important Reasons That You Should Consider Divorce Financial Solutions
Important Reasons That You Should Consider Divorce Financial Solutions
Copyright (c) 2011 Jerry CohenIf you are contemplating or starting a divorce, you may be in the midst of an emotionally-charged situation where it is difficult to know what your tomorrow will look like - much less the rest of your financial future. Getting through the financial issues is often the toughest part of a divorce. Meeting with a divorce financial analyst before you meet with your attorney may save you legal costs and make the divorce process go smoother. This is done by putting together the financial and tax information needed to come to a settlement faster and without the incessant arguing that is typical in divorce.Even if you have an attorney, you should consider the services of a divorce financial analyst to ensure your financial protection now and to fully understand the consequences of your proposed divorce settlement. Here are some of the ways a divorce financial analyst can help you:Planning - This can include things like identifying funds to pay for professional fees to educating you about financial issues to develop a plan for your future. Facilitating - By functioning as a financial mediator, a divorce financial analyst integrates financial data, appraisals, valuations, etc. from varied sources into comprehensive reports and schedules.Researching - A divorce financial analyst traces and characterizes assets, debts, income and expenses as well as assesses tax consequences and prepares reports showing alternative settlement options.Strategizing - From income reconstruction to developing and analyzing multiple scenarios, a divorce financial analyst can help you understand the immediate and long-term implications of each proposal.Reviewing - A certified divorce analyst can review settlement proposals, prepare schedules to compare alternative outcomes, and provide an objective second opinion to help you make more informed decision.Supporting - From preparing documents that help prove the case to serving as an expert witness to reporting on qualified Domestic Relations Order requirements and assisting with account transfer paperwork, a divorce financial analyst provides the essential services needed to reach a fair settlement.Divorce financial planners may be engaged for many tasks in the divorce process, such as helping you understand, evaluate and negotiate settlement proposals. Without the guidance of a divorce financial planner, you may make decisions based on your current financial situation and fail to consider short and long term consequences that may impact negatively your financial future. Consult with a divorce financial planner as early in the process as possible so can start the next phase of your life with the kind of confidence that financial security brings.
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