Divorce Planning
DIVORCE PLANNING PROCESSA General Overview
Once the divorce legal document is signed and the divorce is settled, the asset division cannot be renegotiated. Therefore our goal is to address all financial issues beforehand and ensure all assets are evaluated and presented prior to the settlement negotiation.
Our firm will perform a complete financial analysis and will evaluate the pros and cons of different settlement options. Unfortunately, what might look fair right now often does not remain equitable over time.
Some of the questions we might address are:
* Who should keep the house? What are the tax implications?
* How much will it cost to live post divorce?
* How much alimony is there going to be and how long will it last?
* How will the retirement accounts be split and the money accessed?
* What insurance plans should be kept?
* Will there be enough financial security with the settlement post-divorce?
Furthermore, if your case were to go to court, our firm can provide litigation support and professional expert witness, working with your attorney, which can help prove and often settle your case.
DIVORCE PLANNING SERVICES
Make the Right Decisions Now to Ensure Your Future Financial Security
Again, once a divorce settlement has been signed, it is too late to change it. Being prepared, with a realistic knowledge of what your future financial needs may be, before your divorce settlement, will help you to ensure a successful financial outcome.
Michael Phillips Black, CFP®, CDFA, specializes in divorce financial planning and investment advisory services. His goal is to help you understand all financial entitlements by performing an assessment of your needs before the settlement negotiation. Michael will provide you and your attorney with powerful data to support your case. He will help you understand the financial issues of: personal vs. marital property; valuing and dividing property; retirement accounts and pensions; alimony and child support; splitting the house; and, tax problems and solutions.
Michael will provide litigation support for your attorney that will compliment his/her services by producing a comprehensive financial report, which helps prove and often settle your case. This report can also help a divorce mediator issue a fair resolution.
By utilizing an independent financial approach and employing an integrated, balanced financial plan, he is able to determine the short term and long term financial impact of your proposed divorce settlement.
As in any case, understanding the implications of your financial future can serve as a priceless resource, not only before the divorce, but also after the divorce is final. A comprehensive divorce settlement assessment will allow you to be proactive in determining your needs, not simply accepting an offer. This will give you the satisfaction of knowing your financial future is safe.
Once the divorce is settled, (assets are distributed/monthly payments are received), our firm can help you manage your financial affairs. This comprehensive approach is designed to give you "peace of mind" and knowledge that you will financially succeed.
DIVORCE PLANNING FEE STRUCTURE
The initial one-hour consultation is at no charge. We will approximate the time needed to evaluate your individual situation with your best interest in mind.
After the initial consultation, meeting time is assessed at $200 per hour, with a $1,000 retainer paid up front. Court time is billed at $250 per hour.
DIVORCE WEBSITE LINKS
For more information, please contact us at:
MICHAEL PHILLIPS BLACK
WEALTH MANAGEMENT 7520 East Second Street, Suite 7
Scottsdale, Arizona 85251
(480) 425-0154, FAX (480) 874-1558
E-mail: MPBWM@MPBlack.com
|
