Certified Divorce Financial Analyst
Why divorce financial planning
For most people, divorce is one of life’s most difficult and wrenching events. You feel the shocks personally and financially. It’s easy to feel like things are spinning out of your control.
As a result of divorce, you’ll often be required to make a series of big decisions that can have long-term consequences. Even people who are financially sophisticated need expert guidance during a divorce.
As a Certified Divorce Financial Analyst, I can help. I can offer you the support, education, and financial planning knowledge you’ll need to make the best possible decisions regarding your financial future. I will help you gain clarity over the many decisions you have to make.
Making informed decisions
Together, we’ll gather all the information we need to clarify your choices and provide creative strategies to help you meet your family’s needs, post-divorce. We’ll begin with creating your Declarations and Disclosures for Assets & Debts, Income & Expenses. Next, we create a clear Property Allocation Statement which shows in a clear, concise way—the ownership of each piece of property and each debt. We’ll explore and we will nail down your current income and expenses. Then, we’ll work on projecting the future as much as possible.
Mediation, DYI and collaborative divorce
The central focus of my divorce financial planning practice is to work with couples who can work together with honor to divide assets and share income, if needed. They are not at war with each other but want to move forward out of the marriage.
This can be in the model of mediation in which I act as either the financial neutral for both parties or we act as an advocate for one party. DIY divorces can be done efficiently and cost effectively with our help. Working as the neutral financial professional in the collaborative divorce process in which honor and commitment to negotiate in good faith for the family, with the help of the team for support and to create a level playing field, is meaningful and so helpful to the families who are committed to this process. Learn more at nocourt.org
The work we do
- Gather, analyze, and illustrate the family’s financial picture.
- Compile and review the family’s current cash flow.
- Prepare a cash flow analysis – Income, Support, and Expenses.
- Run models of scenarios of possible settlement agreements.
- Analyze the tax consequences of proposed settlement options.
- Perform an income analysis of income producing and non-income producing assets.
- Examine your retirement issues, including Social Security benefits.
- Examine your insurance coverage and needs.
Post divorce
- Guide you through the new financial life – simple or complex.
- Provide investment management and education.
Other services
Financial Planning
Wealth Management
Flournoy Wealth Management LLC and LPL Financial do not provide legal advice or tax services. Please consult your legal advisor or tax advisor regarding your specific situation.
