Our Process
A Straightforward Approach to Understanding the Financial Impact of Divorce
Knowing where you will stand financially post-divorce is more important than after the fact. I believe in being straightforward with you. I use a transparent, retainer fee for my divorce financial projection services.
The typical financial review takes eight hours of review:
Gather Data
The foundation of our process begins with a thorough collection of your personal and financial information. We dive deep to understand your current financial standing and future goals by collecting:
- Personal information profiles to understand your unique situation.
- Detailed financial data including assets, debts, income, and expenses.
- A proposed post-divorce budget to envision your future financial landscape.
- Any existing settlement offers from your spouse for a comprehensive overview.
All this information is securely uploaded to a cloud for easy access and confidentiality. We then hold a comprehensive meeting to discuss your financial goals, evaluate any offers made by your spouse, and gather all necessary information to start building a clear path forward.
Develop post-Divorce Projections
Our projections are not just numbers; they are a reflection of your future possibilities. We take into account:
- The nature of your assets (qualified or non-qualified accounts) and potential tax consequences.
- Salary considerations and the need for income supplementation.
- Housing affordability, including whether you can keep your current home or purchase a new one.
- Mortgage qualifications on your own financial standing.
These individualized projections serve as a powerful tool for mediation, offering various settlement scenarios and post-divorce budgets to explore different outcomes. Whether for mediation or court proceedings, these projections provide a clear picture of your financial future, aiding in settlement discussions and even in court, where I can testify to support your case.
Review & Refine
Your financial empowerment is our goal. In this final step, we:
- Review the projections together, offering you the chance to ask questions, provide feedback, and explore different scenarios.
- Refine the projections based on our discussions to ensure they align with your evolving needs and goals.
- Provide soft copies of the refined projections to your attorneys, fostering a collaborative approach to secure your financial well-being.
This iterative process ensures that you are not just prepared for what comes next but are also equipped with the knowledge and confidence to make informed decisions about your financial future.
Additional work may be warranted based on the complexity of your financial situation.
Pre-Divorce Checklist
Going through a divorce can be an incredibly challenging and emotionally taxing period.
It’s a phase where life may seem quite turbulent. If you’re contemplating a divorce or if your partner has initiated the discussion, we’ve developed a list of items you should address before you proceed.
