Assessing My Situation
Do I need Financial Advice in my Divorce?
If any one of the situations listed below is your case, you have good reason to get some expert financial advice; if you face two or more, going without seeking advice, is risky.
Personal
- You don't understand your situation
- You have a good income and a busy schedule, so you would be better off if someone else did the paperwork
- You want to be sure you're doing the right thing and have the confidence of knowing it's being done right
Property
- The division of marital assets and debts is unequal
- Home or real estate is being kept to sell later
- Major asset is being divided or sold
- You aren't sure how to value some assets
- You aren't sure how to value pension from employment during marriage
- One or both spouses are self-employed owners of a business or professional practice
Your spouse
- You can't agree about important issues
- You can't get information from your spouse about assets or income
- You suspect your spouse may be hiding assets
- Your incomes differ by more than 20%
- There are special needs or health problems
How many of these apply to your situation?
This article is made available to you from Women in Divorce Financial.
Eva Sachs is the founder of Women in Divorce Financial. She is a Certified Divorce Financial Analyst (CDFA™), has her CFP™ designation and is a member of the Institute for Divorce Financial Analysts.
She can be reached at esachs@womenindivorcefinancial.ca or by visiting www.womenindivorcefinancial.ca.
