Guidance from someone who has been there.
I’ve been there and I know how hard it is. I can help you get organized and navigate the difficult and emotional process of splitting assets, so when the divorce is over you can have the confidence that you will be financially ok.
Pre-Divorce
Many divorcing couples have questions such as:
- Where will the children live?
- Who will pay for their education and medical treatment?
- How do we value our property?
- Who gets what property?
- What tax issues must we be concerned with?
- How do we divide retirement funds and pensions?
- How will the lower-earning spouse survive financially?
- What additional financial support does that person need?
- Who gets the house?
- What happens if a paying ex-spouse dies?
Let’s schedule a consultation to start the discussion of the divorce process and things you need to be
doing now.
During Divorce
Financial Impacts of divorce you need to know:
- Understand the tax impact of spousal support
- Evaluate higher spousal support payments over a shorter time period versus lower payments over a longer time period
- Consider a lump sum buyout of spousal support
- Change ownership of real estate and mortgages
- Transfer retirement accounts without triggering a taxable event
- Avoid the 10% penalty when distributing retirement dollars pursuant to the divorce
- Understand the present value of a pension plan
- Transfer investment (non-retirement) accounts without triggering a taxable
event - Evaluate reduced standards of living after the divorce
- Calculate the basis of investments
- Review tax implications on the sale of investments
- Consider the long-term effect of inflation and how it may affect retirement needs
- Evaluate risk
- Evaluate different settlement options