How to secure your financial future after divorce!
By Anthony C. Adamopoulos, Divorce Mediator, Collaborative Divorce Practioner and Divorce Arbitrator.
All too often people facing divorce worry about relatively inconsequential issues. Inconsequential in the long run. What is truly important, in the long run, is your financial security.
(This article assumes that there are no important issues involving the wellbeing of any children. A subject for another piece.)
To the Point. How do you do all that you can to secure your post-divorce financial security?Choose the right divorce approach.
- There are very few legitimate reasons for participating in divorce litigation. So don’t pay for a litigation attorney. Most couples can do themselves, and their futures, a valuable benefit by using Divorce Mediation or Collaborative Divorce.
a. How to choose the best divorce mediator or Collaborative Divorce attorney.
b. Ask for recommendations from trusted people.
c. Read their Reviews.
d. Interview them.
e. Will their goal be to get a resolution ensuring your financial security as quickly and as cost wise as
possible?
f. Will they use an experienced team?
2. Your mediator or Collaborative Divorce attorney may work with a team of divorce professionals. It all depends on the incomes and the size of the marital property, including real estate, retirement benefits and investments. Depending on the issues, using a neutral professional will save time and money. They include, but may not be limited, to:
a. A Financial neutral who is a Certified Divorce Financial Analyst to assist in identifying all material assets, drafting the court’s Financial Statement and help each of you prepare a sustainable financial plan;
b. A Neutral Facilitator to assist each of you from not being held back by any emotional issue;
c. A Mortgage Specialist who is a Certified Divorce Lending Professional;
d. A tax professional;
e. An estate planner.
It may appear that neutrals will add cost; false! neutrals will save money and time.
3. Dedicate yourself and be sure your spouse is also dedicated to working with the whole team to get a good resolution for a sustainable secure financial future.
Please call with any questions.
