Going through a divorce is not something that anyone plans to experience. However, according to FinancesOnline, up to 41% of first marriages end in divorce. This is followed by 60% of second marriages and 73% of third marriages. Needless to say, the topic of divorce is not as taboo as it once was.
Speaking with an experienced divorce mediator can open the door to all possible options available to you. They understand that going through a divorce is a major life event with many emotional and financial challenges that can be difficult to balance and confusing to sort out.
It’s not a surprise or a secret that going through a divorce takes more than just an emotional toll. Even the most amicable divorce causes both parties to make changes to their lifestyle and day-to-day routines.
One important issue, usually at the top of the list of what needs attention during a divorce, is financial matters. While every couple is different, both individuals must decide how to manage their financial responsibilities. These decisions include, but are not limited to:
Throughout a couple’s relationship, they may decide to share one or more bank accounts and financial agreements. This can pose complications during the separation and divorce period and give rise to a number of questions.
It might seem like suddenly there is a never-ending list of financial questions to weigh on your mind. For example: How does the divorce affect joint savings, retirement accounts, and investments? How will accumulated debt be handled? Acquiring the help of a certified divorce financial analyst is a wise decision to provide guidance through this challenging situation.
The main objective of a Certified Divorce Financial Analyst (CDFA) is to help people going through this process to receive a fair divorce settlement. A CDFA uses their knowledge of asset distribution, financial planning, and applicable tax laws to provide an in-depth financial analysis of both parties. Then, they give the parties and their attorneys advice on their short- and long-term financial goals.
Although financial analysts can’t provide legal advice, they are in your corner and will always work in your best interests. At Blue Skies Mediation in Atlanta, our skilled financial analyst offers financial solutions tailored to your unique situation and circumstances.
Get started today by calling Blue Skies Mediation – Divorce Mediation & Financial Analysis at 904.710.9245 or filling out our online contact form to schedule a free consultation with our financial analyst. Our experienced team will make sure you understand the process in full and give you priceless peace of mind. We will provide the very best guidance for as long as you need our services and support.