levitra"> levitra"> Role of the Financial Planner in the Divorce Process

Click to go home.



Survival Tools
& Resources
Divorce & Finance Blog
Divorce Discussion
Divorce Help Desk
Divorce Resource Library
Professional & 
Resource Directory
State Divorce Information
New Trends in Divorce
Divorced or Separated Individuals (IRS Pub 504)
Divorce News
Subscribe to Divorce Interactive News
Ask the Expert
     Financial Planner
     Parental Guidance
     Child-Centered Solutions
Divorce Interactive Newsletter
Divorce Books

Role of the Financial Planner in the Divorce Process
By Carl Palatnik, CFP®, CDFA

The use of financial planners in the divorce process is relatively new, but is a rapidly growing trend. The reasons for this are simple. The divorce process involves to a large extent the untangling and subsequent division of assets and income. Despite a lack of formal training in personal finance, attorneys and mediators have historically been thrust into the roles of financial analyst and adviser. This has been an area fraught with danger, both from the divorce professional’s and the client’s point of view. While accountants and actuaries have participated in the process, their services have usually focused on the valuation or investigation of assets, not on personal finance.

Are You Going Through or Contemplating Divorce?
Are You Concerned You Might Make Bad Financial Decisions or End Up with an Outcome that is Unworkable?
Are You Concerned Your Outcome Might Not Be Fair?

Click Here to arrange a confidential free financial divorce consultation.

Carl M. Palatnik, Ph.D., CFP®, CDFA™, AAMS, CERTIFIED FINANCIAL PLANNER™ practitioner and Certified Divorce Financial Analyst™.
Click Here to arrange a confidential free financial divorce consultation.

Financial planners are recognized experts in personal finance. Because they have traditionally helped individuals achieve long-term financial goals, such as saving for college or retirement, they have specialized training and skills that enable them to analyze financial issues in their long-term context. They are thus able to peak into the future and provide insight into how a particular allocation of assets and income might play out over time.

A divorce financial planner can help individuals going through divorce focus on the difficult financial issues at hand, which sets a more positive and productive tone for discussion and makes the process more efficient and cost-effective. It empowers individuals to make wise and workable decisions regarding the hard, but often necessary lifestyle adjustments. People frequently feel more secure about the choices they make, are able to reach workable settlements more quickly and are less likely to be forced to revisit support issues in the future. Here are some of the things you can expect a divorce financial planner to do for you:

  • Help stabilize your financial situation.

  • Prepare accurate and realistic post-divorce budgets.

  • Calculate your respective needs and paying abilities.

  • Legally minimize taxes.

  • Analyze alternative settlement scenarios and determine their workability.

DivorceInteractive.com tries to provide quality information, but cannot guarantee the accuracy, completeness or adequacy of the information, opinions or other content posted on the site. It is not intended as a substitute for and should not be relied upon as legal, financial, accounting, tax, medical or other professional advice. It should not be construed as establishing a professional-client or professional-patient relationship. The applicability of legal principles is subject to amendment by the legislature, interpretation by the courts and different application by different judges and may differ substantially in individual situations or different states. Before acting on what you have read, it is important to obtain appropriate professional advice about your particular situation and facts. Access to and use of DivorceInteractive.com is subject to additional Terms and Conditions. DivorceInteractive.com is a secure site and respects your Privacy.

Home  |  Advertise With Us  |  Professional & Resource Directory
Divorce News  | Glossary  | Divorce Discussion Forums
Change Area Code  | Terms & Conditions/Legal Disclaimer  |  Privacy Policy  |  About Us   |  Contact Us

2001-2010 DivorceInteractive.com  All Rights Reserved.