If you are considering divorce or are being forced to think about divorce at the request of your spouse, you may need help navigating this difficult process. Most people think first of calling an attorney. Legal advice is important, but trusted financial advice is equally so. When a marriage fails, money often dominates the divorce proceedings and you must protect yourself. Financial plans should be made to preserve what you have contributed to the marriage early in the divorce negotiating process – even while the shock is still sinking in.
Divorce is one of the most stressful life changes with many moving parts to the process. When in the throes of ending a relationship, the first concern of the couple is usually getting out of the situation as quickly as possible. The second concern is custody if children are involved. The third issue involves splitting assets and debts. What happens to taxes and income after the divorce is finalized unfortunately seems to be an after thought for many. Ignoring the longer term issues during the divorce process can make surviving financially down the road very difficult.
Women who took a back seat to men during the marriage with regards to money management are particularly at financial risk after a divorce. At Silverman LeGate Advisory Group, we pride ourselves on helping women through this very difficult time with compassion and expertise. We are trained to provide financial support services to clients and attorneys, and facilitate equitable agreements between the two parties .
We will help you:
-Determine who should file and when
-Identify, collect, and organize the financial information you and your attorney will need
-Create pre and post-divorce budgets
-Determine the amount of maintenance and child support you realistically need
-Create a plan to obtain assets you are rightfully owed
-Analyze various settlement options
-Establish a post-divorce financial plan
Money issues are critical when you go through the divorce process. Ignoring these issues instead of preparing for the future can make your life much more difficult than it needs to be.
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