SPECIAL NEEDS OF THE DIVORCED

SPECIAL NEEDS OF THE DIVORCED

The recently divorced (or the soon-to-be divorced) have very special financial needs. Major financial decisions must be made at an emotionally difficult time. Typically, one spouse is facing selling a home, buying a home or refinancing a mortgage. One spouse may have a pension rollover. How should it be invested? These, and countless other decisions, changes and options arise when the divorce is final.

We have developed a special advisory service to help make the financial transition through the final stages of the divorce less confusing. This service will guide you through a potential mine field of financial hazards, by helping you:

Organize a record keeping system for documents.

Construct a new budget - if necessary.

Evaluate homeowner, auto and health insurance coverage.

Assist your attorney in revising wills and trusts.

Set up funding for future college obligations.

Determine if life insurance coverage is adequate.

Analyze investments for appropriateness and return.

Verify that titles are transferred correctly.

Solve bill payment, debt and housing problems.

Minimize personal income taxes.

A divorce planning client is already half through the financial decision making process. For those clients, the first year fee for financial planning is reduced because we have already gathered most of the financial and personal data needed.

The type of engagement entered into is more expensive than the divorce planning service and therefore, it is necessary to execute a new letter of agreement that describes the terms of our working together.

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