Divorce Financial Planning

THE RESOLUTION CENTER Helps You Make Sense of Divorce Financial Planning

"They ought to do away with divorce settlements. Instead, both parties should flip a coin. The winner gets to stay where he or she is and keep everything. The loser goes to Paraguay.”

-Suzanne Finnamore, Split.

When going through a divorce, it's crucial to have a solid financial plan. That's where The Resolution Center, LLC comes in. Since 2011, we've been educating parties on effective financial strategies and the role of a divorce financial planner (DFP). We offer comprehensive services and deal with all aspects of divorce, including relationships with husband, wife, and children. Feel free to reach out to us for more information on our services.

Educating Parties on Effective Financial Strategies

In divorce, both parties often feel as though they are the losers. This mindset makes it difficult to work together to reach an equitable and practical financial solution. Conflict around the division of finances hurts everyone because finances play a critical role in the future security of the parents and, if present, the children. A major gap in the standard of living between the parents causes the children to suffer. When one spouse thrives while the other struggles, goodwill is lost, and this leads to further acrimony.

Divorce Financial Planners support the parties' education regarding the reality of their current financial position and the possibilities for the future. The perspective shifts from both feeling financially defeated to both parties envisioning a financially secure future for everyone.

The Role of a Divorce Financial Planner

After all the relevant financial information is gathered, a Divorce Financial Planner joins the mediator and both parties in reviewing their current circumstances. They then explore asset reorganization and liabilities to support future budgets to ensure each has an adequate standard of living post-divorce.

When the numbers don’t add up, it may be time to get creative. Generally, there are solutions, both short and long-term, that involve looking beyond the parties’ existing circumstances. They may involve temporary living arrangements, more education, new or different jobs, sales of assets, withdrawals from retirement assets, cutting expenses or increasing incomes, or other simple or complicated changes. The mediator and the DFP develop a blueprint for each party to achieve stability, and then prosperity.

The legal system focuses only on the financial circumstances of the parties as of the date the Petition for Dissolution of Marriage is filed, including assets, liabilities, and respective incomes. There is little or no consideration given to the probable financial futures of either party. The fact-finding is retrospective rather than prospective, leaving no room for "creativity."

Divorce financial strategies aim to create security for divorcing couples. Security permits parties to concentrate on their families and newly structured lives instead of battling with their former spouses because of a broken relationship.

A DFP works with couples to meet individual financial goals. They help clients get re-launched with a solid financial plan, educate them on budgeting strategies, and set up realistic steps for meeting these goals.

Options for Divorce Financial Planning Services

The Resolution Center integrates a divorce financial planning review within the Solution-Focused Divorce™ package. The DFP reviews the parties’ financial situation at the time of divorce and offers suggestions on how to structure the allocation of assets and liabilities to support the post-divorce budgets of both parties. A DFP may also offer extended services to expand and manage the parties' financial plan following the completion of the conciliation process.

Get in touch with The Resolution Center to learn more about how we can help.

What Makes The Resolution Center

Stand Out

At The Resolution Center, we're not just about providing a service. We're about offering a comprehensive solution that caters to all your divorce-related needs. Here's what sets us apart:

• Comprehensive services that cover all aspects of divorce
• Experience dealing with husband, wife, and children
• Extended financing available with payment in 3 or 4 plans
• Almost half a century of experience
• Woman-owned business

Request a call back from The Resolution Center for all your divorce financial planning needs.

Contact Us Today

Ready to take control of your financial future? Contact The Resolution Center today. We're here to provide the guidance and support you need during this challenging time.