1. Non-judgmental,confidential,and honest conversation.
2. Organization on what needs to be done and organization of important financial documents.
3. Important and immediate actions you can take.
4. Education to build your confidence to make better choices.
5. Collaboration in evaluating choices.
6. 60-90 day plan to start you in the right direction.
A review of all assets, liabilities, income, and expenses to provide a comprehensive picture of their financial standing. This includes analyzing bank statements, tax returns, investment portfolios, retirement accounts, and any other relevant financial documents. By having a clear understanding of their financial situation, individuals can make informed decisions about property division, spousal support, and child support. Assistance in developing a post-divorce budget. Help individuals understand their cash flow requirements, prioritize expenses, and create a realistic budget that aligns with their financial goals and new circumstances. This budget will consider factors such as housing, education, healthcare, and any additional financial obligations. They can help individuals set goals for the future, such as saving for retirement, children's education, or purchasing a new home. By considering factors such as risk tolerance, time horizon, and investment options, a CFP can develop a personalized investment strategy that maximizes the potential for growth while minimizing risk.
They can help evaluate the financial implications of different settlement options and provide advice on how to minimize tax consequences. For example, they can advise on the potential impact of keeping or selling the family home, dividing retirement assets, or valuing business interests. Their expertise ensures that individuals make informed decisions that align with their financial goals and protect their long-term financial well-being. They can work alongside divorce attorneys, mediators, or accountants to ensure that the financial aspects of the divorce are properly addressed. Divorce can be emotionally draining, and individuals may feel overwhelmed by the financial aspects of the process. I can provide a supportive environment, offering guidance, empathy, and reassurance. They can help individuals focus on their financial goals and make rational decisions rather than being driven by emotions.