What You Need To Know
Below are key factors to consider before, during, and after you navigate through the divorce process. Each of these areas can significantly impact your financial future, and understanding them will help you make informed decisions as you move forward and build a new foundation.
1) Take it slow
Separating with a loved one is often overwhelming and emotional. It is important to take your time in agreeing or finalizing any major decisions, especially those that have to do with financial assets, such as bank accounts, retirement accounts, and your home, as well as other legal and tax issues like child custody and filing dependents.
2) Seek professional assistance
Even if both partners seem cordial and understanding, it is still important to not take matters into your own hands and consult a team of professional advisors, including an attorney, financial, and/or tax advisors to ensure that the dissolution or divorce decree is fair and in both parties best interest.
3) Create a plan for your future
Creating a plan for your personal future after divorce is essential to ensure financial stability and set clear goals as you navigate this new chapter. A well-thought-out plan helps you regain control, prioritize your needs, and protect your financial security in the years ahead.
Common Mistakes
NOT SEEKING ADVICE
Professional advisors can help you avoid common and costly mistakes
SIGNING PAPERS TOO SOON
Ensure all decisions are fair to both parties before anythign is finalized
NOT UNDERSTANDING TAXES
Avoid costly tax mistakes and claim all applicable deductions/credits
Services You Should Consider
Divorce brings significant changes to your financial landscape, making it essential to work with a professional to navigate the complexities of investment, tax, insurance, and legal needs. An expert can help ensure that your financial decisions are sound, protecting your interests and setting you up for a secure future. Let us guide you through this process with confidence and clarity.
Investment Management
NEAR AND LONG-TERM STRATEGY
Working with a fiduciary advisor can help you avoid mistakes and create the most efficient financial plan that is the most efficient for your needs.
Tax Planning, Prep, & Filing
Insurance Solutions
Estate Planning
EFFICIENT TAX STRATEGY
Ensure you are aware of any tax implications when transferring assets and minimizing any potential current or future tax liabilities.
PROTECTION FOR THE FUTURE
As your household size changes, so may your insurance needs. It's important to review your needs and ensure your current plan suffices.
AVOID CONFLICT & PROBATE
Access our network of trusted attorneys that can help evaluate your estate planning needs and help you avoid conflict and probate.
Have Questions or Need Advice?
By offering most tax, investment, planning, and insurance services in-house, we are dedicated to helping you reduce fees and save time when it comes to helping you achieve your financial goals and needs. You will gain peace of mind knowing all of your affairs will be coordinated, aligned, and managed with one simple phone call.