Attorneys
Divorce happens to 2.2 million people each year. Sadly, even the best efforts of legal consultants and other professionals often leave one partner with a bleak financial future while the other continues to prosper. This inequity can greatly affect the children of divorce as well, and keeps the couple tied up in acrimony and legal disputes for years to come.
As a Certified Divorce Financial Analyst, I am a financial professional skilled in divorce planning who can help prevent this from becoming the outcome for your client. CDFA’s understand that what appears to be an equal settlement on paper, may be anything but, when the long-term view is taken.
As a member of the divorce team, a CDFA™ works with you and your clients to be on alert for any potential financial problems and provides alternative solutions for the long term. We can also help provide a reality check for clients when needed. We assist by freeing you from the tedious and time-consuming financial data gathering and giving you support so all the financial bases are covered and you can focus on what you do best – the practice of law!
Here are some recent examples on which I have consulted:
• Clients did not want to sell their primary home during depressed housing market. Is it possible for them to sell it later and preserve their $500,000 capital gains exclusion?
• Originally, the clients had agreed to terminate spousal support when the youngest child turned 18. What would be the tax consequences of that decision?
• A retired husband wanted to provide lifetime income for his wife. He had a life insurance policy that expired in 6 years. How could they create a financial settlement now in case he lived after the policy ended?
• Clients had marital estate valued at over $3 million much of which was in taxable accounts in the husband’s name. What’s the fairest way to transfer over $1 million to the wife while minimizing taxes?
• A couple with two young children, an inheritance, a business and an empty residential lot want to know how to deal with child care expenses, college tuition, wife going back to school while still creating an equitable division of assets.
Feel free to contact me at 866-722-7226 to discuss any questions or concerns you may have. Please be rest assured that your clients will be treated with professionalism and the utmost respect.
