Helping You through the Divorce Process KSH Advisors’ Divorce Settlement ProcessAs a CDFA®, I understand that going through a divorce can be one of the most challenging experiences you’ll face in life. It can take a huge emotional, financial and physical toll on you and your family.Because divorce is a multi-step process, I encourage you to create a divorce “dream team” to offer the right information and guidance before, during and after your divorce. In addition to securing an excellent divorce attorney and a trusted therapist/counselor, having a divorce financial planner on your team will expertly guide you through the tough financial decisions ahead.While it is normal to want to hurry through the divorce process to end the pain and move on with your life, the decisions you make often have long-term or even permanent financial consequences. What is the difference between settling for $1 million vs. $1.5 million? You’d be surprised. Keeping the home filled with memories of children, holidays and traditions if it means giving up income today? How about a transition period if income is a priority today? Working with a divorce financial planner like myself, will help you clearly and objectively see how your life and finances will look under different scenarios today, and more importantly, 10 and 20 years from now.I can help you establish and assess the following:Inventory of marital assets and detailed household budgetThe tax ramifications of dividing your marital assets and how your tax picture may changeStrategies for managing retirement accountsComplications surrounding employer-granted stock options and restricted stockThe importance of updating estate planning documents and beneficiary designationsWhat key tax, investment and financial documents to gatherFinding your assets’ cost basisfor calculating capital gainsEstimating your post-divorce budget and long term goalsDeveloping a plan for health care benefitsReviewing insurance coverageDivorce is a difficult process and life transition—but people do survive it and go on to build new lives. Gain the peace of mind that comes from knowing you achieved the best possible financial outcome for your circumstances. My divorce financial planning services are available on an hourly basis with a retainer. Please call me at (425) 214-7579 to learn more.What is Certified Divorce Financial Analyst (CDFA®)?CDFA® professionals provide the client and attorney with data analysis that shows the financial effect of any given settlement. They become part of the divorce team and provide support on financial issues such as:Understanding the short-term and long-term effects of dividing propertyAnalyzing pensions and retirement plans.Determining if the client can afford the marital home, and if not, what he or she can afford.Recognizing the tax consequences of different settlement proposals.Much of a CDFA® professional’s role is to collect the client’s financial data and perform analysis. CDFAs can help manage a client’s expectations of their financial future by presenting different scenarios and talking through the client’s budget and expenses. CDFAs are trained to:Collect financial and expense dataHelp clients identify their future financial goals.Develop a budget.Set retirement objectives.Determine how much risk they are willing to take with their investments.Identify what kind of lifestyle they want.