- A forensic accountant. A forensic accountant helps explore concerns about hidden income/assets/liabilities and/or the possible dissipation of marital assets. He/she may also be very useful when one or both spouses own a business or professional practice where it is rather easy to hide income/assets and/or delay revenues and increase expenses.
- A valuation expert. A valuation expert can determine the worth of a business or professional practice by using the “real” numbers determined by a forensic accountant. A valuation expert can also establish the value of an advanced degree or training, stock options and/or restricted stock, etc.
- A real estate appraiser. A real estate appraiser determines the value of the marital home and other real estate including vacation homes, commercial real estate and land, which are often the largest assets needing to be divided.
A Therapist or Counselor
Many people describe divorce as an emotional rollercoaster, and at times, it can be difficult to navigate the ups and downs of the process. Because of this, your team should also include a qualified therapist who can help you cope with your feelings as the divorce process unfolds.
Even though this is a stressful time, please try to remember: It’s imperative to maintain your focus and Think Financially, Not Emotionally®. Treating the divorce as a business negotiation –which, in all honesty, is exactly what it is—will help you reach a divorce settlement agreement that financially protects you now and well into the future.
Granted, nothing about divorce is easy, but you don’t –and shouldn’t –have to go it alone. Build a top-notch divorce team with three key players –a matrimonial/family law attorney, a divorce financial planner and a therapist/counselor --and you’ll have the professional expertise and support you need to emerge from your divorce in the best shape possible, with your finances intact and your financial future secure.
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Jeffrey A. Landers, CDFA™ is a Divorce Financial Strategist™ and the founder of Bedrock Divorce Advisors, LLC (http://www.BedrockDivorce.com), a divorce financial strategy firm that exclusively works with women, who are going through, or might be going through, a financially complicated divorce. He also advises happily married women who have seen their friends blindsided by a divorce initiated by their husbands and wonder (wisely) how financially vulnerable they’d be in that situation. Jeff developed the nation’s first Just in Case(TM): Secure Your Financial Future,a one-hour program, which quickly shows married women how to be prepared in the event of a future divorce with immediate, practical steps. He can be reached at Landers@BedrockDivorce.com. All articles/blog posts are for informational purposes only, and do not constitute legal advice. If you require legal advice, retain a lawyer licensed in your jurisdiction. The opinions expressed are solely those of the author, who is not an attorney. Follow Jeffrey A. Landers on Twitter: http://www.twitter.com/Bedrock_Divorce