We all agree that divorce can be a crushing process. There are many To-Do items, emotional triggers, and financial decisions to consider. It can be overwhelming at times.
But did you know that when you use the collaborative divorce process, you will have a team of experts at your disposal who can help you navigate through the proceedings and come out on the side with your family, emotions, and finances intact?
Working with the financial neutral is one of the best decisions for you and your spouse. The neutral will review your financial landscape, crunch the numbers, and help you decide how best to divide the assets in a way that will benefit both of you and your children.
Here are a few things a financial neutral can help you with during the collaborative divorce process:
- Review the couple’s financial landscape in an unbiased manner
- Determine what tax consequences will occur as a result of the divorce
- Create a detailed report of the couple’s entire financial landscape to present to them
- Ensure both spouses receive and understand a plan for asset division
- Work with each lawyer and couple to draft a fair and amicable settlement for the finances
Bringing a neutral financial professional into your divorce process is an excellent way to not only ensure transparency but to know that your financial assets have been appropriately reviewed and divided.
Our team of experts can help you make the right decisions regarding your finances.
Collaborative Practice San Diego is a nonprofit, multi-disciplinary referral network of independent professionals — attorneys, mental health professionals, and financial professionals — working together to learn, practice, and promote Collaborative processes for problem-solving and the peaceful resolution of family law issues, with an eye toward preserving the emotional, as well as the financial assets of the family.
Contact us today to see how we can help you and your spouse work towards a peaceful resolution for your marriage.
Note: This information is general in nature and should not be construed as legal/financial/tax/or mental health advice. You should work with your attorney, financial, mental health, or tax professional to determine what will work best for your situation.