Divorce Advice You Can Use You need divorce advice and I am going to defer to the experts on this one. Please understand that each province or state will have its own guidelines that you must follow. You most certainly need expert divorce advice to help you through the legalities of the divorce procedure. This will usually mean that you should obtain the services of a lawyer. Yes it will cost you some money. But it is money well spent, as it can save you thousands of dollars in the long run. Please read the following article for some tips on how to deal with the financial aspects of your divorce. Reprint from Article City Financial Planning for Successful Divorce by: James Walsh Divorce financial planning is all about suitably matching a person’s current financial needs (justified, of course) with the future financial requirements, in order to obtain a fair financial settlement, for a specified period of time, at the time of finalizing the divorce. Divorce financial planning takes into account the personal lifestyle, assets and liabilities, taxes, income and expense levels of either partner at the time of divorce and for a reasonable period into the future. Its professed aim is to fairly allocate the financial resources between the couple to avoid further estrangement. It can be done by the concerned individuals themselves, by mutual consent. The inability to see eye to eye on the financial arrangements can necessitate the presence of a Certified Divorce Financial Planner for proper financial divorce advice. Since a financial settlement usually means a monetary outgo for one (because he or she may have to pay for the maintenance of the other person), a detailed and thorough picture of the situation is sought. Hence there is a clear understanding of the present financial scenario and of the future one too (So thorough that, sometimes, the thoroughness of the tax returns pales in comparison!). At times, withheld income sources (for example: salary increments) and unexplained expenses can also surface during the process of obtaining a complete financial map. In a world that increasingly appears to have lost its ability to be fair, the judicial activism of the courts is becoming a common occurrence. One spouse tries to deprive a dependent spouse of the financial succour or treats the financial settlement as a gateway to El Dorado. How can the courts decide, without going into the merits of the individual’s character or background, without consuming time in necessary background checks? Reaching a fair, mutually agreeable financial settlement quickens the divorce process. The judge finds it an easier proposition to deal with a divorce, where the parties to the divorce are mutually agreeable on the crucial points that affect the divorce proceedings. A proper and considerate financial settlement is a great diminisher of post-divorce blues. The divorce proceedings are peaceful and create an environment for right-thinking introspection. Acrimonious scenes and pitched battle tents can be avoided. A peaceful parting of ways bolstered by the fairness of the financial settlement fosters a healthy relationship between the couple, long after the divorce. Children are spared further trauma, of the divorce. Expert divorce advice is a must. Mutually acceptable financial settlements lessen the time taken for the divorce proceedings. This quickening effect steers the divorce lawyer / the marriage attorney into action and quickens the overall pace of the divorce proceedings. This translates into minimizing the legal fees. The Certified Divorce Financial Planner (CDFP) brings both the parties to the negotiating table. Helps in gathering the required documentation and information from various sources and checks the reliability of the available information. Prepares a detailed fact file of the prevailing financial situation and an analysis of the future requirements. Assists in arriving at a just conclusion and providing ongoing financial guidance during the divorce and after it. This financial planning and divorce advice is a comprehensive exercise for providing the grounds to sustain future well-being. It is a prop to lean on, in the initial years after the divorce, thereby giving an ex-spouse the required time to generate income independently. So, financial planning for divorce should not shy away from addressing all areas of living that can have a future financial impact, big or small. Yet, one has to keep in mind that there is a thin dividing line between a mutually fair deal and a quick buck scheme. In many divorce settlements, it is the woman who gets a bad financial deal. Celebrity husbands having their fortunes siphoned off are also not unheard of. Equitable financial settlements go into the origins of the finances and their rightful owners, yet strive for creating the right mental attitude to allow the spouse to partake of a reasonable share in it. They live happily ever after. This is just one area to consider when getting a divorce.The above article is a reprint from Article City and is not intended to replace the advice of a divorce attorney. Please consult with one early in the procedings for the best advice.
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