Financial Planning in Divorce

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Financial Planning in Divorce

Financial Planning and Divorce

 
“With each ending comes a new beginning. You just need to be brave enough to keep stepping forward.”

 

Divorce can negatively impact our emotions and is often the source of tremendous stress. It can also wreak havoc on our personal finances. Proper guidance and planning are crucial during the divorce process in order to help protect your financial well-being.

Summit Financial Group can assist with financial planning issues related to a divorce, which is a specialized service under our financial planning model.  Jeneen Slack and Laura Steinbeck guide our clients through the complex financial issues faced during the divorce process and help them create goals and a plan for their future.  

Both Jeneen and Laura hold the CERTIFIED FINANCIAL PLANNER™ certification and Certified Divorce Financial Analyst® designations. During the divorce settlement process, they work with clients and family law attorneys to address specific financial matters.  Analysis of client financial data can provide invaluable information to help the client and their attorney achieve a fair, equitable, and just resolution.

How We Can Help

 

We are trained to:

  • Collaborate with family law attorneys to ensure all financial issues have been addressed
  • Analyze and educate on the short- and long-term financial implications of divorce settlement proposals
  • Create a thorough personal financial analysis and plan before, during, and after the divorce

We work with  family law attorneys to help clients understand:

  • Separate vs. marital property
  • Valuing and dividing property
  • Debt, credit, and investment accounts
  • Retirement accounts and pensions
  • Spousal and child support
  • Options for the community property home
  • Divorce tax problems and solutions

Creating Your Financial Roadmap

Once the divorce has been finalized, we work with clients to create a new financial plan. Our team of CERTIFIED FINANCIAL PLANNER™ professionals specializes in areas of personal finance, including retirement strategies, investments, tax strategies, insurance, and estate matters. We help our clients define a new future by mapping out their goals and objectives through a comprehensive financial planning process.

Getting Started

Considering your next steps? Learn more at our monthly SECOND SATURDAY Divorce Workshop

Each workshop is hosted by an attorney, a licensed therapist, and a CERTIFIED FINANCIAL PLANNER™ professional who will touch on the legal, financial, family, and personal issues of divorce in a safe, confidential, and relaxed environment. 

To schedule a complimentary, no-obligation consultation or for more information, contact our Divorce Planning Team at Summit Financial Group.

 

*Separate from the financial plan and our role as financial planner, we may recommend the purchase of specific investment or insurance products or accounts.  These product recommendations are not part of the financial plan and you are under no obligation to follow them.
Financial Advisors do not provide specific tax/legal advice and this information should not be considered as such.  You should always consult your tax/legal advisor regarding your own specific tax/legal situation. TR#1885251 DOFU 0917