The Role of the Financial Specialist in the Collaborative Process

When you enter into the divorce process, you and your spouse need to understand how your financial landscape will be impacted. Couples are unaware of how their divorce will impact their finances for years to come once their divorce is finalized.

When you utilize the collaborative divorce process, you and your spouse will have access to divorce specialists who will work with you and your lawyers to draft an amicable divorce agreement, while keeping your finances and emotional well-being in mind.

One of the experts on your team will be a neutral financial specialist. This person will help the team maximize the financial settlement that will be transparent and agreeable to both clients in a non-court litigated process.

Neutral Financial specialists versed in the collaborative divorce process are a valuable asset to the divorce team because they can provide a non-biased view of the couple’s finances.

Here are some ways a neutral financial expert can assist divorcing couples:

• Work with the team and clients to explore all financial avenues that may not have been discussed previously
• Help couples to collect all of the financial paperwork
• Work with clients to draft a long-term financial projection and how divorce can impact it
• Discuss potential tax issues the couple may face

Using a financial neutral can help set couples at ease because they understand their financial landscape is being reviewed transparently. Both clients feel their needs and voices are being heard in a fair environment.

When you utilize the Los Angeles Collaborative Family Law Association experts, you can get divorced with less anxiety and stress because you will know that when your divorce is finalized, each party involved will be ready to face the future with confidence.

Call us today if you would like to learn more about how our members at the Los Angeles Collaborative Family Law Association can help you and your family through your divorce and preserve your family’s financial landscape!

Note: This information is general in nature and should not be construed as legal/financial/tax/or mental health advice. You should work with your attorney, financial, mental health or tax professional to determine what will work best for your situation.