Divorcees
Empowering you to move forward with confidence.
What is Divorce Financial Planning?
Divorce financial planning is a specialized area of financial planning that helps individuals navigate the complex financial issues that arise before, during, and after a divorce.
At Prosperity Planning we support our clients by going beyond simply assisting in the division of assets. We develop a plan to empower you to understand the long-term financial impact of the divorce so you can feel secure and confident about your future.
Divorce can bring a range of difficult emotions, which may leave you feeling alone and overwhelmed with financial uncertainty.
You may be asking where to start.
What professionals should I have on my team?
Can I afford to keep my home?
Am I paying too much in legal fees?
How will my lifestyle need to change?
Will my taxes go up?
Prosperity Planning will help work through all those questions and more,
no matter where you are in the process.
Our Three-Step Process
1. Get Organized (3 Meetings)
- Help you get started and ensure you have the right team of professionals
- Provide hands-on assistance in gathering necessary financial information.
- Create a detailed budget.
- Identify all marital and non-marital assets and debts.
- Partner with your attorney in preparing your financial affidavit.
2. Scenario Planning (2 Meetings)
- Answer your most important questions about your financial outlook.
- Review the long-term impact of various settlement options.
- Help identify which options most align with your goals.
- Partner with your attorney in preparing an equitable division of assets.
3. Post Divorce Planning (1 Meeting)
- Create a detailed checklist to implement the divorce agreement and property settlement.
- Provide opportunity to engage Prosperity Planning for assistance in implementing the agreement, along with ongoing financial planning, tax planning, and investment advice post-divorce. ($500,000 minimum investable assets required.)
Schedule a call today
Schedule your free 30 minute discovery call with one of our Certified Divorce Financial Analyst™ (CDFA®) today. Let us see how we can help!
Are we a good fit?
Our services are ideal for high net worth or complex divorce situations. You are a good fit if any of the following apply to you:
- $2 million marital net worth*
- Household income greater than $300,000
- Complex assets such as a private business or investment real estate
*Excluding the equity value of your home.
What it Costs:
We charge a base fee of $6,000 for divorce financial planning.
Additional fees may apply if you have business ownership, private investment vehicles, or detailed cash flow planning required.
FAQ's
How are fees paid?
Half of the fee is due to get started. The balance is due when “Getting Organized” step is completed. Details about our services and fees can be found in Form ADV 2A.
Can you help me find an attorney?
If you already have an attorney, we will partner with them to support you through the divorce process. If you’ve not yet hired an attorney, we can help you find one.
What is the best time to start Divorce Financial Planning?
It is important to start as early as possible. Even if you are not 100% sure you are getting divorced, our team will help you understand your current financial situation and possible scenarios for the future.
What do you mean by complexity of my finances?
Examples of complex finances include multiple investment properties, business interests, and other illiquid assets. In addition, divorcing couples may need research to value separate property held prior to the marriage.
RESOURCES
Divorce Budgeting Worksheet
Click here to Download
Starting your next step?
Schedule a complimentary 30 minute discovery phone call with one of our Certified Divorce Financial Analysts™ today. Let us help you figure out your next step to a brighter tomorrow.
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