Business Planning

Navigating the Conflicted and Emotional Stages of Divorce through Thoughtful Planning – The Street

Ask anyone who has been through the painful and emotional trauma of a divorce, and they will tell you that it was one of the more agonizing, disjointed, and conflicted experiences of their lifetime. While there is no silver bullet to make these challenges disappear, retaining a financial advisor who has experience working closely with the client’s key advisors will help alleviate many of the difficult issues and should result in a reasonable outcome.

Wherever you are in the divorce process, it is important to have someone with financial expertise to guide you. A financial planning expert can reduce the time, anxiety, and expense of a divorce by helping explore complex planning issues commonly faced by many high-net-worth couples. There are various types of financial advisors, but a certified divorce financial analyst (CDFA) is particularly familiar with issues such as tax and retirement planning, financial modeling, and budgeting. The goal of a divorce financial planner is to find common ground, minimize conflict, and eliminate unnecessary expenses while collaborating with all parties involved. Here are some of the key issues addressed during the process.

You may also like