How It Works
Financial planning always involves collecting and analyzing as much financial information as possible and that’s especially true of divorce financial planning. At Envision, the first thing we do when helping our clients going through divorce is determine the financial status of each spouse so we can figure out what would be the best outcome for everyone involved and what can be done to get them to that point.
Divorce financial planning also works to make sure the information getting analyzed is as accurate as possible, which minimizes the risks of one or both spouses encountering financial problems later on down the road.
Part of the Team
While no one works in a vacuum, divorce financial planners in particular need to be incorporated as part of a team. We need to be talking and sharing information with both spouses, as well as the attorneys representing both parties. If you choose to mediate the divorce, we should also be in contact with the mediator to make sure everyone involved has access to all the relevant financial information, and that the information is as accurate as possible.
Start as Early as Possible
Your finances are too important to leave to chance or even to a divorce attorney who doesn’t fully understand all the financial ramifications of any particular settlement. That’s why it’s important to hire a certified divorce financial analyst as soon as possible. When we’re involved in every step of the process, we can access more financial information and ensure the accuracy of that information to make sure you get the best possible outcome. We can also make predictions about the potential outcomes of each proposed settlement as the negotiations proceed.
But getting ahead of the game is not a reality for everyone. Divorce is a time where emotions run high and people don’t always think of things like financial planning until later on down the road. If you’re already in the middle of the divorce process, it’s never too late to contact a certified divorce financial analyst. We’ll work with everyone involved to help reach an agreement that is satisfactory to both parties.