COLLABORATIVE DIVORCE: HOW A NEUTRAL FINANCIAL PROFESSIONAL
CAN HELP YOU
Going through a divorce is certainly hard enough – if you have children you have to develop a parenting plan, you may be on an emotional roller coaster, and now you need to figure out how to “divide” your finances. These and other concerns all add to your stress levels. A process to help divorcing couples succeed in resolving these issues is available to you.
The model of Collaborative Divorce offers a team of professionals who can help you create a successful path. One of the team members, a neutral financial professional, can help both of you achieve a fair and equitable financial settlement. We are trained in the fundamentals of divorce and finance and have well-rounded knowledge in financial planning concepts and mediation training, all of which enable us to provide you with a structure and a process to facilitate resolving you financial settlement.
Washington is a community property state and there are many options to consider when trying to determine how you can fairly and equitably apportion your assets and debts, find ways to live within your means, and develop your financial future. Through the Collaborative Divorce process, we work simultaneously with both of you. We assist you in collecting appropriate and necessary financial information, help you understand your economic situation, and provide a structure and process for you both to discuss your concerns, allowing opportunity for questions and discussions. We are both a fact-finder and a facilitator, providing you with a “reality check” regarding possible settlement scenarios. We help create a safe space so both of your interests and concerns can be heard. We bring a calm, impartial and knowledgeable perspective to what can be an emotionally laden situation.
It is common in most relationships for one of you to be more financially savvy than the other. That person usually handled the financial matters for both of you. Often couples request that the less financially savvy spouse receive additional assistance to help bring them “up-to-speed.” Financial literacy is not taught in schools, nor did many of us learn it from our parents. By bringing that spouse up-to-speed on financial issues, your increased understanding of your finances allows educated decisions to be made. As a result, the process moves forward more easily. We work together to identify appropriate options, discuss and analyze the consequences, and together negotiate a win-win resolution that best fits your needs and goals.
A neutral financial specialist is cost-effective for you on several fronts. First, only one professional is needed – not one for each of you. Second, the initial process often takes place without attorneys present, saving their hourly costs. Most importantly, we provide focused financial expertise that often results in effective financial solutions. We are trained and experienced in researching and analyzing personal, business and tax issues in divorce.
Value is provided to you in areas such as, but not limited to:
Working collaboratively is effective. It is crucial to obtain appropriate expertise to help make your process more manageable.