What can a financial neutral contribute to a collaborative divorce?
Cash Flow Assistance
Cash Flow Assistance
Determine and/or assess current budgets; and help create post-divorce budgets
Identify sources and amounts of income; and explore alternative allocations of income resources
Explore feasibility of a spouse retaining the marital residence
Evaluate health/life insurance needs
Provide guidance to the spouse less experienced in managing household finances regarding various cash flow and other financial decisions, such as:
- Health insurance
- Home purchase v. rent
- Car purchase v. lease
- Other decisions that the spouse less experienced in managing household finances has not previously had to consider
Asset/Liability Assistance
Gather financial data; assess current and changing values of assets and liabilities
Assess, and then educate team about, income tax implications of various scenarios and options
Convey implications of possible bankruptcy and/or foreclosure and/or short sale proceedings
Identify potential short-term and long-term risks of property division
Process Assistance
Gather financial data; assess current and changing values of assets and liabilities
Assess, and then educate team about, income tax implications of various scenarios and options
Convey implications of possible bankruptcy and/or foreclosure and/or short sale proceedings
Identify potential short-term and long-term risks of property division
