Divorce Financial Planning Services

Divorce financial planning may occur even if the material elements are not provided to a client simultaneously, are delivered over a period of time or are delivered as part of distinct services. 

It is not necessary to provide a written report to engage in the divorce financial planning process.

A divorce financial planning engagement exists when a divorce financial planning practitioner performs any type of mutually agreed upon divorce financial planning service for a client or allied professional.

The universe of activities engaged in by a divorce financial planning practitioner is diverse, and a divorce financial planner may perform all or some of the following services in a divorce financial planning engagement.  Services may include, but are not limited to: 

  1. Financial statement preparation and analysis (including cash flow analysis, analysis of financial position and budgeting),
  2. Assistance in identifying financial discovery needs,
  3. Assistance in the preparation and analysis of interrogatories,
  4. Assistance in preparing for depositions and court proceedings,
  5. Financial review of transcripts from depositions or court proceedings,
  6. Analysis of financial reports prepared by outside experts,
  7. Assistance in the preparation or analysis of applications for pendente liteawards and arguments opposing such applications,
  8. Analysis of current or projected needs and/or paying abilities,
  9. Child support calculations,
  10. Assist attorneys in the preparation of separation agreements, decrees, stipulations  and pre- and post-marital agreements at their request.
  11. Review of Qualified Domestic Relations Orders (QDROs), valuations and employee benefit documents,
  12. Tax impacting of retirement assets, potential property distributions and alternative support scenarios.
  13. Analysis of financial and tax issues related to the marital residence, the filing of tax returns and dispositions of property,
  14. Analysis of unrealized capital gains and losses,
  15. Review of tax returns to identify assets, sources of income, undisclosed, transferred, hidden or obligated assets or carryover credits or refunds,
  16. Identify and analyze career assets, such as health, life and disability insurance, retirement assets, stock options, restricted stock, assets associated with nonqualified plans and other perquisites,
  17. Review and analysis of estate planning documents,
  18. Analysis and evaluation of marital lifestyle,
  19. Analysis of  short- and long-term potential outcomes of alternative settlement proposals on net worth and cash flow,
  20. Analysis of long-term needs and paying abilities in different post-divorce or post-separation contexts,
  21. Identification and analysis of tax planning opportunities and potential pitfalls,
  22. Participation in strategic planning or settlement conferences,
  23. Testimony as an expert witness in court and
  24. Assisting in post-divorce or post-separation transfers of assets, changes of beneficiaries, trustees or owners of wills, trusts, retirement plans and life insurance policies and execution of QDROs.