We help clients understand how divorce affects cash flow, budgeting, assets, retirement accounts, taxes, and long-term financial security so you can make confident decisions.
Our Services During Separation and Divorce
- Help identify which settlement option to choose.
- Review the short-term and long-term effects of dividing property.
- Analyze pension and retirement plan issues.
- Determine if you can afford the matrimonial home - and if not, what might be an affordable alternative.
- Evaluate your insurance needs.
- Establish assumptions for projecting inflation and rates of return.
- Tax issues and planning.
- Help you identify your future financial goals.
- Set retirement objectives.
- Discuss what kind of lifestyle you want.
- Determine the costs of your children’s education.
- Implement the future investment strategy.
After the divorce is finalized, we continue working with you on post-divorce financial planning to complete the five key pillars of financial planning. These include: retirement planning, investment management, estate planning, tax strategy, and insurance analysis. Our goal is to help you become more secure in your financial decisions while being supported by a team with your best interests at heart.
FAQ for Divorce Financial Planning based in Greenville, SC:
Q: What does a Certified Divorce Financial Analyst (CDFA®) do?
A: A CDFA® has done extra study and training to help provide specialized financial guidance to individuals and their attorneys throughout the separation and divorce process. We work to help you understand the financial impact of divorce by helping you understand settlement option and how to plan for short-term and long-term needs and goals for your future. They also help you become more financially knowledgeable by guiding you through budgeting, providing basic and detailed information on investments and how to manage your assets.
Q: When should I hire a financial advisor during divorce?
A: Engaging a financial advisor at the start of divorce or even before may allow you to understand your current financial situation and what to plan for - like asset division and making informed decisions during negotiations. Early engagement can also help you prepare for life and finances after divorce.
Q: How will a divorce affect retirement accounts and taxes?
A: Depending on your situation, divorce usually can significantly impact retirement savings, tax obligations, and long-term financial goals. A CDFA®, along with an attorney, can help you evaluate retirement account division, understand tax implications (especially if you are under 59 1/2), and project long-term cash flow needs to help with future financial decisions. All of this can help you make choices that protect your financial future.
Q: Can the CDFA® work with my attorney?
A: Yes, absolutely. We collaborate closely with attorneys to provide financial analysis and guidance with your assets. Our role during this phase is to help clarify any financial questions they may have, support fair settlements so that your financial interests are projected throughout the process.
