Divorcing Couples Should Consider Planning for Their Financial Future
DIVORCE FINANCIAL PLANNERS: WHAT DO THEY DO?
Planning for the future is an essential part of every divorce settlement. Separating or divorcing couples often face a major transformation in each of their financial circumstances. The bottom line is that two households must survive on the same dollars formerly supporting one.
A Divorce Financial Planner can be a resource for divorcing couples. Financial Planners have traditionally worked with individuals after divorce, helping them build new lives and plan for their future. Being qualified to make long-term financial projections, Divorce Financial Planners integrate the methodology of financial planning directly into the divorce process.
Since settlements are in large part financial, Divorce Financial Planners can explain your options, help you set priorities and lead you through the choices ahead. Often, the financial data on which settlements are based is unreliable. This leads to future problems for one or both parties.
Accurate financial information helps the parties achieve workable settlements quicker and accept realistic lifestyle changes when necessary.
Source: Association of Divorce Financial Planners
