By Allison Peterson, Financial Advisor, CDFA™ It is traumatic enough to suffer through the emotional strains of a marriage breaking up without adding to it the unknowns of where you will wind up down the road financially. So many couples who don’t take advantage of professional financial advice make huge mistakes in formulating a settlement simply because they don’t realize that there are a variety of options to keep things fair and equitable. The most common areas easily misunderstood during the process include:

  • Personal vs. marital property
  • Valuing and dividing property
  • Retirement and pensions
  • Spousal and child support
  • Splitting the house
  • Tax problems and solutions
  • Which settlement to choose

A Certified Divorce Financial Analyst™ (CDFA), using powerful proprietary software, is trained to help determine the short-term and long-term financial impact of a proposed settlement and can create personalized reports and graphs to illustrate the financial status, cash flow and net worth of both parties. After examining the financial issues he or she will provide your attorney or mediator with data to help you evaluate the best financial road to follow. There are many benefits to working with someone who is trained specifically in analyzing personal assets:

  • Knowing that your settlement is financially feasible,
  • Being able to hear an objective viewpoint during an emotional situation
  • Getting an expert’s advice on your own specific financial needs

Your marriage may be over, but the rest of your life is still ahead. Working with a CDFA™ can greatly increase your chances of reaching a settlement that fully addresses your long-term financial needs, securing your financial future. About the Author: Allison Peterson, Financial Advisor, CDFA™ 49 Allison Peterson WebAllison Peterson is a member of  The Sullivan Group, joining them as a Client Service Associate in 2007.  She has since completed the required securities and insurance licensing examinations and now serves as a Financial Advisor with The Sullivan Group.

She went on to complete a specialized educational program in professional divorce analysis and is a Certified Divorce Financial Analyst™ (CDFA™),  trained to provide financial information and assistance to people going through a divorce. Allison evaluates the tax implications of dividing property and the financial impact of various settlement options for dividing marital property (including pensions) and child and spousal support payments. Allison offers a 30 minute initial consultation at no cost to you. Learn more about the Sullivan Group at their website:  www.sullivangroupsocal.com