Pre-Divorce Services
Find, Organize and Present Financial Information
- Compile, organize and inventory financial information
- Identify gaps in Information
- Review of your current situation
- Present detailed list of financial inquiries for formal and informal discovery
- Assist in completing FORM 13.1 FINANCIAL STATEMENT
Review, Estimate & Document Expenses and Financial Needs
- Document your marital lifestyle by reviewing historical spending patterns
- Estimate immediate needs
- Track money flows before and during divorce, through personal and business cheque registers, bank, credit card, and brokerage statements, investment and in trust accounts
- Estimate extraordinary expenses for your children
- Review tax returns and financial statements
- Estimate the need for or ability to pay spousal support
- Review income and business tax returns
- Identify complex compensation issues
Evaluate Your Property and Benefits
- Analyze assets and liabilities
- Evaluate employee benefit packages
- Prepare net worth statements
- Arrange valuation of pension plans (normally outsourced and coordinated by WDF)
- Arrange valuation of real estate, businesses, and professional practices (normally outsourced and coordinated by WDF)
In-Divorce Services
Analyze, Calculate & Determine Outcomes of Your Financial Decisions
- Analyze proposed settlement’s effect on cash flow and net worth projecting for 10 to 30 years AFTER the divorce
- Determine your financial needs during retirement (independence)
- Calculate appropriate amounts of life insurance to guarantee support payments and risk management income protection
Develop, Determine & Plan for Now and Your Future
- Develop realistic spending plans before the divorce is final
- Estimate cash flow gap with various levels of support delete support needs
- Develop alternate settlement proposals that meet your objectives
- Determine your future insurance needs in the areas of life, health, disability
- Explain tax impact of proposed settlements
Support, Educate & Recommend Specific Actions
- Compare and contrast settlement proposals
- Create 5/10/15/30 year post divorce cash flow projections
- Generate creative settlement solutions for special needs
- Make recommendations for the division of marital property
- Participate in settlement negotiations
- Develop realistic post divorce budgets
- Educate you on the tax implications of splitting various assets, investments, pension plans, and other property
- Support you through an often challenging and emotional process
back to top