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Financial analyst may help during divorce process

Disagreements about finances remain a leading cause of marital dissolutions in Texas and other states. Unfortunately, these disagreements can carry into the divorce process, with both parties struggling to find common ground on matters such as asset division. Involving a divorce financial analyst may be helpful for making the divorce transition as efficient as possible.

Addressing investment and financial considerations early on during the divorce process can give a divorcing individual confidence when he or she needs it the most. This is especially essential for those who are stay-at-home parents and thus have been dependent on their spouses. However, it is also important for main breadwinners and in marriages of financial equals.

A certified financial expert can provide advice regarding a divorce proceeding's financial implications. These experts can also provide valuable insights to divorce courts. This is why it is wise to hire a financial analyst to serve on one's divorce team along with an attorney and accountant.

The decisions a person makes during a divorce proceeding in Texas can affect his or her financial future either positively or negatively. Unfortunately, making a costly mistake is easy when a person does not understand his or her rights during divorce. Proper legal as well as financial guidance may help people to pursue their fair share of assets and achieve a divorce settlement that is satisfactory to both parties without further court intrusion. If they cannot reach such a settlement on their own, a judge will step in to make important decisions regarding asset and property distribution.

Source: kansascity.com, "Your Financial Planner: Posturing in divorce", Chanel Fortier, July 4, 2016

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Jamie Graham & Associates, PLLC
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