Divorce can be tough to navigate on your own, especially when it comes to finances. Women who are divorcing may have many financial concerns– especially stay-at-home moms who may have been out of the workforce for a while and are not sure how to get back in. To help you through this difficult time, there are professionals who can assist with your financial planning in divorce and guide you through the process. In this blog post, we’ll be discussing what a financial neutral/collaborative divorce is and how it can benefit you.
What’s a financial neutral?
A neutral financial professional has no biased interest in the outcome of a divorce, as they work for both parties. They are often called financial neutrals in cases of collaborative divorce. Financial neutrals can help you create a budget, evaluate assets and liabilities, and provide you with an overall financial view of your life post-divorce.
What’s a collaborative divorce?
Collaborative divorce is a process that helps couples to smoothly transition into their new lives post-divorce. This process focuses on resolving issues outside of court, such as child custody, alimony, and property division, which is negotiated between both parties.
How does working with a financial neutral help in a collaborative divorce?
Working with a financial neutral when going through a collaborative divorce helps you make informed decisions about which assets to divide, how debts should be allocated and how to protect your financial future. A financial neutral can help you create a comprehensive financial plan that takes into account all of your future expenses, including retirement.
What are the benefits of a collaborative divorce with a financial neutral?
Collaborative divorce with a financial neutral can offer many benefits, including:
Confidentiality: The process is conducted in private settings.
Control: Couples make decisions about their future rather than relying on a judge who doesn’t know them personally.
Cooperation: Both parties work together to develop a plan that ensures everyone’s best interests are taken into account.
Flexibility: You can set the pace of the process and work together to find solutions that work for both parties.
Divorce is a complex and emotional process, but there is help out there for those needing financial guidance. With a financial neutral and collaborative divorce approach, you can work together to create a plan that will benefit both parties in the long term. By agreeing to stay out of court, you can maintain privacy, and retain control over your financial future. If you’re considering a divorce, don’t hesitate to contact a financial professional to guide you through the process and help you feel more confident about your financial future. Stay strong, and know that you can get through this with the right support!
If you need help figuring out your divorce possible outcomes and working on how it can be a good thing for you to contact us
Are you getting closer to your settlement or having post divorce questions? Contact us at and check out www.financial-sherpa.com
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