Divorce is an extremely difficult process for all parties involved. During a time of crisis like divorce, the mind thinks and makes decisions with 80% emotion and 20% logic. This is why it is so critical to be surrounded by a strong team of professionals.
The financial professional is a critical aspect of this process. Finances are an emotional component of a marriage, this is especially heightened during a divorce. It is imperative to know how the assets and liabilities are positioned, analyze all options and be aware of the financial impact in the short term and long term for your client.
More and more attorneys find having a financial expert on their team is integral in reaching a more timely settlement.
about settlement consultation
The aspect of financial planning and advisement during the divorce process can be very complex. As a divorce attorney, your job is to know all facets of the law relative to divorce resolution. The financial components can get very intricate and elaborate to dissect.
Many attorneys are choosing to outsource this piece of the settlement. Contracting a financial professional who is properly certified to provide assistance during discovery to you and your client can save time. In addition to saving you time, outsourcing this piece can also decrease the liability on your end from an aggrieved client due to potential misunderstanding of the implications of certain financial solutions.
When considering hiring a financial professional to assist in divorce, it is imperative that person is properly certified. Consultants working with Simplified Divorce Solutions are all equipped with the tools, knowledge and resources to effectively advise on the complexities and best solutions facing divorcees.
Attorneys hire us to assist from start to finish of the divorce, take the lead with discovery or to simply complete a small piece of the settlement such as a pension evaluation or alimony buyout calculation. We are contracted directly by you, the attorney, to fill the role as a financial expert for your clients.
our areas of expertise:
Cash Flow and Budget Analysis: What can your client afford?
Spousal and Child Support: Understanding the difference and financial impact.
Alimony (Spousal Support) Buyout Calculations
Life Insurance: Why it is important and how to use it to assist in the settlement.
Health Insurance: Understanding the options.
Clear Analysis and Projections of short, intermediate and long-term impact of settlement.
Separate vs. Marital Property: Supporting your clients understanding of the difference.
Pension Valuation and the pros and cons to consider with a Pension Buyout.
Social Security: Planning and understanding the options.
Employee Benefits Review
Executive Compensation and Contract Review
Stock Options Analysis
Providing your client awareness of the cash flow and long-term impact to taking or waiting for social security or pension income.
Home Equity, Cash and Taxable vs. Nontaxable Assets: What is the difference and why all parties need to be aware of this.
Business & Personal Tax Return Analysis