When you split from your Florida spouse, you may find yourself facing an entirely different financial future. Divorce impacts everything from how you file taxes to how much you have for retirement, and many people navigating divorce find that having a financial advisor on their divorce tea helps them navigate these and other common financial issues.
U.S. News and World Reports notes that while you may have raw emotions that make it hard for you to focus on the financial aspects of divorce, a financial advisor does not have this emotional attachment. Having someone else consider your interests and advocate on your behalf may help you set yourself up for success as a single person. More specifically, a divorce financial advisor may be able to help with the following.
Placing a value on assets
Many conflicts in divorce arise over property division. A divorce financial advisor may have training that enables him or her to place a value on assets, including complex assets that may have values that are tough to determine. This helps increase the chances of a fair split.
Finding hidden assets
Working with a divorce financial advisor may also be a good idea if you think your ex is not being honest about his or her income or asset streams. The advisor may be able to rely on technology and other sources to find out if your suspicions have merit.
Having a financial advisor on your divorce team may also prove worthwhile if you plan to seek alimony, have concerns about retirement savings, or have questions about how divorce affects taxes.