BALANCED DIVORCE SOLUTIONS, LLC
Do Not Gamble With Your Financial Future!
The Financial Ramifications Of Divorce Can Be Devastating!
When it comes to divorce, two old adages are worth remembering:
Knowledge is Power, but, Ignorance is not Bliss
When contemplating or in the process of a divorce, your financial well-being and uncertainty about the future often causes tremendous stress. It is important to completely understand your financial situation before, during, and after divorce. Understanding the full reality of your situation can give you a sense of control over your life. With accurate information you will be able to make informed decisions.
Knowing what they are, although they may change, is extremely important.
Your financial picture can be divided into 4 categories
Divorce is very personal and emotions often run high. If you are not prepared you will be more likely to make decisions based on emotion, decisions that will significantly affect your life for many years to come.
Once you sign a settlement agreement, you must live with the outcome.
How to be informed;
In order to negotiate a divorce agreement successfully, it is frequently necessary to hire a team of professionals to guide you. In addition to an attorney and perhaps a mental health professional, you may wish to hire a Certified Divorce Financial Analyst (CDFA™).
As a CDFA™, we can take the offer that is on the table and project out up to 20 years so that you will know what you'll have to live on if you sign the proposed agreement. If the projections reflect that you're going to run out of money after only a few years, you will need to renegotiate your agreement. That is why it is so important to meet with a Certified Divorce Financial Analyst before you sign your agreement. If this advice comes too late for you, a meeting is still worthwhile; We can help with short and long-term financial planning.
Call Harry D. Toro, CMFC, CDFA™
At (727) 642-8589
For a complementary consultation