Chances are, if you’re going through a divorce, or thinking about getting one, you’re dealing with enough emotional stress, so it’s important to acquire the services of a divorce financial planner to take as much of the hassle out of the divorce process as possible. Not convinced? Here are five reasons to consider a divorce financial planner:
A divorce financial planner helps you save and get your fair share
Save on Court Costs
If you and your soon to be ex-spouse managed to settle things without getting the courts involved, that’s a plus. In addition to avoiding the cost of legal fees, you also save yourself time and headache in an already stressful situation. Divorce is the kind of thing where you’ll need all the strength you can get, and dodging some of the hassle will preserve some of that. And help you get through it all that much easier.
Finalize Division of Assets
The point of going to court, of course, is to decide how things will be divided, and oftentimes, fight over that division. While this refers primarily to financial assets and property, custody battles are also a part of it if there are children involved. It would be much easier and smoother to not have these battles, for you, your former spouse, and any children in the picture. Instead, your divorce financial planner can know what resources you will have access to ahead of time.
With that in mind, a divorce financial analyst will help you plan for the after-divorce. Dividing assets is not necessarily a half-half situation. It is all tied with who has custody of the children, what income will be available, what expenses are involved etc.
Save the Cordiality Between You and Your Ex-spouse
If you can manage to come to agreements ahead of time, then likely you will be able to keep some level of courtesy for your spouse, instead of being (further)embittered against one another by the legal process. While you may shrug this one off, think of the children- divorce is even more trying for them, and two parents at each other’s throats does not make for a happy childhood.
Your future starts today
Divorce divides resources originally destined for one household into two. Two separate incomes, a 401k or retirement fund divided, etc. This may create legal issues that should likely be addressed come tax time, and having an expert handy then is nothing to sneeze at. And frankly, on that note,
Sniffing Out Things You Missed
At the end of the day, as with any lengthy or complicated process, there’s a lot that goes into and comes out of divorce, a lot of factors and variables that affect the outcomes. As mentioned earlier, it’s also a stressful time, so it’s easy to miss certain details, which, you guessed it, will then have to be hashed out in court. It’s better to have someone removed from the situation in order to make sure all bases are covered.
Though often overlooked, a divorce financial planner can save you a lot of time and headache in a variety of ways. If you find yourself in position for a divorce, make the best of a bad situation, and get help from professionals.
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