Understanding the impact of your financial decisions during separation and divorce and how it will affect your future cash flow is an important part of the process. What you think is fair and amicable may not necessarily be smart. Mediation is a cost effective process to dividing up your family property and coming to an agreement on what to do with your family assets during separation. Using a Certified Financial Divorce Specialist to assist you with understanding financial issues during the mediation is a win/win for you and smart.
We encourage you to consider the assistance of our Certified Financial Divorce Specialist to help with the following:
Understanding the changes:
If you’ve never been the financially savvy spouse, making financial decisions on your own at this very critical time may not be a wise move, especially when your future depends on it. A divorce financial professional can help you assess your budgetary needs as you move forward. Further, we can help you make sense of which assets might be more advantageous to you in your particular circumstance. We can help you with understanding overwhelming financial disclosure documents and assist you in determining the impact of outstanding liabilities.
Do I stay or Do I Go? (Home)
The decision over the matrimonial home is a stressful one. Questions like “Can I afford to keep it, refinance it, or buy out my partner?” can be answered with the help of a financial divorce professional. We help you identify issues with cash flow as well as help you to recognize when problems with your decision may start to occur so you can plan better and smarter. Further, we can be extremely effective in helping you analyze the impact of a separation and divorce offer that may have been made by the other partner in order to come to a quicker resolution.
The Lifestyle Projection, a great financial tool, helps clients going through mediation settle a financial impasse over assets or support obligations. For example, maybe you want to negotiate 10 years of spousal support and your partner only offers 5, maybe you want to keep your pension and the other partner insists on sharing. Can you offer up one asset over another to get what you want? What does this look like for both of you? Lifestyle projections give you the visual numbers you need to see how it will directly impact your future and this can help both of you reach a quicker resolution.
No matter where in the process of separation you are a financial divorce professional could be the difference between that fair decision and a smart decision. Financial Divorce Professional services are offered through PCCS Mediators. Contact us to unlock your smart future. By Jo-Anne Fiore and Debra Rodrigues
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