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Divorce Financial
Analysis
What is divorce financial analysis?
Divorce financial analysis is the process of assessing and understanding the financial impact of a divorce. At Money Illustrated, we help individuals navigate the complex financial aspects of divorce, from dividing assets and liabilities to understanding the long-term effects of different settlement options.
Our goal is to provide clarity and confidence during an emotionally challenging time, ensuring you make informed decisions about your financial future. Whether you're concerned about property division, alimony, retirement accounts, or tax implications, we offer personalized, non-judgmental guidance to help you protect your financial well-being as you transition into your next chapter.
The Process: Divorce Financial Analysis
1. Initial Consultation
We start with a confidential consultation to understand your unique situation. Whether you're just beginning the divorce process or already in the midst of negotiations, we'll discuss your financial concerns and goals for the future.
2. Financial Data Gathering
We help you compile and organize all necessary financial documents, including income statements, assets, debts, tax returns, retirement accounts, and business interests if applicable. This thorough data collection ensures we have a complete view of your financial landscape.
3. Detailed Financial Analysis
Using the information gathered, we conduct a detailed analysis of your financial situation. This includes evaluating assets and liabilities, projecting the long-term effects of proposed settlements, and analyzing the tax implications of different options.
4. Scenario Development
We create multiple settlement scenarios, showing the financial outcomes of various decisions. This may include the division of property, alimony/spousal support, child support, retirement assets, and how each option impacts your financial future.
Along the way, work with your attorney, mediator, and other professionals involved in your divorce to ensure that your financial analysis is integrated with your overall legal strategy.
5. Review & Recommendations
Once we have developed settlement scenarios, we review them with you, explaining the pros and cons of each option. We provide clear, non-judgmental guidance to help you understand how each decision affects your long-term financial security.
6. Post-Divorce Financial Planning
After the divorce is finalized, we offer continued support with comprehensive financial planning. We help you adjust to your new financial reality, and to make the most of your financial situation now and going forward. Financial healing & freedom are possible post-divorce, and we're here to provide education, support, and professional guidance so you can confidently move forward.
