FAQs
What is the Divorce Financial Portrait™?
The Divorce Financial Portrait™ includes:
- CDFA Financial Analysis – Expert financial analysis, based on your income, assets, expenses, and liabilities, with property division scenario based on client(s)’ request
- Financial Disclosures – State specific financial disclosures and family budgets
- Settlement Negotiation Tool – A comprehensive report identifying property settlement considerations and implications
- Divorce Preparation Platform – Secure, mobile access to us and your catalogue of documents anytime, anywhere
- Support Calculations – Financial calculations for support (if applicable)
The Divorce Financial Portrait™ puts you in control of your divorce – giving you the financial insights required to make informed, confident decisions throughout divorce.
Does The Divorce Financial Portrait™ Work in My State?
Can I Work with My Divorce Solution If I Already Have a Lawyer or Mediator?
The Divorce Financial Portrait™ streamlines the expensive Discovery and Settlement phases, but it doesn’t replace the work divorce professionals do to represent your interests and negotiate on your behalf.
The Divorce Financial Portrait™ puts you in control in your divorce and gives your attorney / mediator a clear financial plan to securing your financial future.
Do I Need a Divorce Financial Portrait™ if I’m doing a DIY Divorce?
Do I Need an Attorney or Mediator if I get a Divorce Financial Portrait™?
We recommend everyone develop a professional divorce team specific to the complexity of their divorce.
Who is the Divorce Financial Portrait™ For?
We’d love to support you if you’re at any of the following stages:
- Considering divorce and looking for information on its impact on your financial future
- Separated and ready to move forward with the division of assets and property
- Entrenched in a contentious legal battle that seems to be going nowhere and in need of expert, third party financial analysis
Who Is My Divorce Solution?
What is a Divorce Financial Specialist?
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 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.
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 a minimum of 5 years working as a CDFA and 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.