Divorce is never fun, and financial disagreements may be abundant. Residents of Knoxville and other parts of Tennessee might want to learn about how a financial planner could be an important ally during divorce proceedings. Usually, the first person you might turn to is a caring lawyer, but a financial analyst can help make the entire process smoother.
Money issues cited in 22% of divorces
Is there an emotional connection with money? Arguments over money are connected with safety as well as security. A certified divorce financial analyst (CDFA) may be the answer for those types of disagreements. This type of financial planner can assist you with making the best financial decisions during the divorce and help alleviate fears of “starting all over.”
Most women do not know about this type of professional
Women are often not in contact with the family accountant or wealth manager while in a marriage. Women often leave the task of dealing with the finances to their spouses. With financial help, there is more of a chance of an amicable divorce. A CDFA can work with one or both spouses to make sure that assets are divided fairly.
What will the CDFA do for your divorce?
This professional can help you achieve various financial objectives, such as:
• Identifying financial goals
• Creating a plan for retirement
• Developing a budget
• Collecting financial data
A planner can also help assess the cost of your children’s education as well as discuss your goals and future lifestyle hopes.
If you are going through a divorce, whether you decide to work with a CDFA, you will want an experienced and caring law firm on your side asking the right questions and offering emotional support. An attorney who handles all aspects of divorce may be helpful during this stressful time of ending your marriage and moving on with your life.