The Value of a Divorce Financial Planner
by Nancy Kaye, CFP, MBA
A Divorce Financial Planner is a valuable resource when contemplating a divorce, while the divorce is in progress, and after a divorce.
Prior to Divorce Proceedings
Before the spouse is served the request for divorce, the initiator of the action should follow specific steps in order to gather asset documentation and expense figures. Once the action has commenced, the opposing party generally changes the mailing addresses of statements, and makes provisions so that fewer assets will be known by the non-financial oriented/non owner spouse or withholds any/all information.
When preparing an Affidavit of Net Worth, the parties rely on information available or known. To later search for those assets, using a forensic accountant, or not knowing they exist can be costly.
