Navigating the complex waters of divorce can be challenging, but with the right guidance, it can be a transformative journey towards a brighter financial future. At My Divorce Solution (MDS), we’re proud to introduce the role of a Divorce Financial Specialist, who takes the expertise of a Certified Divorce Financial Analyst (CDFA) to the next level.
What Is a Divorce Financial Specialist?
A Divorce Financial Specialist is your financial compass during a divorce. Here’s how they make a difference:
Financial Discovery: They identify the essential financial documents required to establish the marital or community estate. No stone is left unturned when it comes to gathering crucial information.
Asset Valuation: They determine which assets require formal appraisals and collect the necessary documents to effectuate these appraisals or valuations.
Valuation Assessment: They set the date for assessing the value of the marital estate, ensuring a fair and equitable division of assets.
Debt Evaluation: They conduct a comprehensive evaluation of debts, providing you with a clear picture of your financial obligations.
Lifestyle Analysis: They perform a lifestyle analysis, helping you identify the lifestyle during the marriage and post-divorce, enabling you to plan your financial future with confidence.
Separate Property: They identify any property claimed as separate by either spouse and advise on the supporting documents needed.
Support Calculations: They propose financial support calculations as needed, ensuring that your financial needs are accounted for.
Pension Valuations: If necessary, they perform pension valuations, simplifying this often complex aspect of divorce finances.
Division Scenarios: They develop various asset and debt allocation scenarios, considering equitable distribution, state requirements, and your family’s goals, so you’re well-prepared for negotiations.
Financial Considerations: They highlight financial considerations pertinent to the marital estate, ensuring that all crucial points are addressed during financial settlement agreement negotiations.
Coordination: They coordinate their findings with your divorce professionals, ensuring a symmetrical flow of information and data throughout the process.
Certified Expertise: As a CDFA certified by the IDFA, they bring an exceptional level of expertise to your divorce proceedings.
Neutrality: They remain neutral and don’t provide investment or investment management services during or after the divorce. Their focus is solely on your financial well-being.
The My Divorce Solution Difference
At My Divorce Solution, we take the services of a Divorce Financial Specialist to the next level. We offer the MDS Financial Portrait™, which is a personalized financial divorce plan, complete with key and supporting documents. It serves as your pathway to clarity and empowers you to optimize your financial decisions during divorce.
Our goal is to demystify the complexities of divorce finances, ensuring that you have a crystal-clear understanding of your financial situation. We empower individuals and families to make well-informed decisions that will shape their future and that of their family.
Choosing a Divorce Financial Specialist and My Divorce Solution is an investment in your financial future during a challenging time. It’s about taking control and planning wisely. With the expertise of a Divorce Financial Specialist and the MDS Financial Portrait™, you’ll have the support you need to navigate divorce with confidence.
Invest in yourself. Choose My Divorce Solution. www.mydivorcesolution.com