The math of Marital or Divorce planning is critical to a positive outcome.
Marital Financial Planning:
Moving from the wedding to the marriage, how do you build a solid financial foundation that serves both parties?
- What is your money history?
- What three things do you care most about funding as an individual/family?
- Does that match where you’re spending?
- Are you willing to grow in maturity when it comes to money? (i.e., you take responsibility for knowing about family finances, you contribute work or time to help the family meet their goals)
- Are you willing to learn the basics so that you can communicate with your partner and your planner when it comes to family finances?
- We find that when two participants engage fully in the process of planning, they generally reach their goals faster and more comfortably than those who try to do it on their own
- Would you consider a pre-nup or post-nup? Let us discuss the advantages and limitations of either.
Divorce Financial Planning:
We have two primary issues to consider: Your assets and income, and children in the family
- It is tedious and time consuming to gather the documents necessary to make a financial analysis and it is absolutely mandatory to the process – slowing this down costs real money
- It’s necessary and important to forecast past the date of settlement. In order to understand if we have a fair and equitable settlement, we need to look many years out to see how each party does financially
- Children and pets are considered in the preparation of a property settlement agreement and if we are thoughtful in our discussions, we can avoid unnecessary clauses that make co-parenting difficult or impossible
- It is truly important to have assets post divorce to re-build your financial life. The key to having those assets post divorce is to use a real process applying negotiation science so two conflicted parties can work toward a fair and equitable solution that saves you fees and trauma. We offer that process.
- Nearly everyone takes a financial hit during a divorce – we believe you can mute that hardship significantly by using our process so that you end up with a financial foundation after your divorce. We do not encourage running back out (for either party) and buying the previous lifestyle. In order to build up financial freedom after divorce, we encourage realistic expectations for the first few years after settlement
- Divorce is disruptive but it does not have to financially decimate a family who has built up assets together – we can help you save money
- Divorce is tough on everyone, including children so we work very hard to avoid nuisance clauses that are another “cost” of divorce