Planning for the future is an essential part of every divorce settlement. Separating or divorcing couples often face a major transformation in each of their financial circumstances. The bottom line is that two households must survive on the same dollars formerly supporting one. A Divorce Financial Planner is an excellent resource for divorcing couples when they choose to go their separate ways. Financial Planners have traditionally worked with individuals after divorce, helping them build new lives and plan for their future. By being uniquely qualified to make long-term financial projections, Divorce Financial Planners integrate the methodology of financial planning directly into the divorce process. Since settlements are in large part financial, Divorce Financial Planners can explain your options, help you set priorities, and lead you through the hard choices ahead. Often, the financial data on which settlements are based is unreliable. This leads to future problems for one or both parties. Accurate financial information helps the parties achieve workable settlements quicker and accept realistic lifestyle changes when necessary. Settlements achieved are much less prone to problem or error. Learn more about divorce financial planning and how it can help you. Listen to ADFP executive vice president Carl Palatnik's interview with Larry Pugliese of Raymond James. Planning for your future as well as your children's is an essential part of every divorce settlement. Establishing a team to help you through this difficult period is paramount to your well-being. Take control of the divorce process Gain a clear understanding of your current financial picture Gain a clear understanding of your future financial picture Be more focused on reaching a fair and workable settlement Negotiate more effectively Ensure a faster resolution of all financial matters, equitably, for both spouses Minimize legal fees Minimize taxes Maximize marital assets REVIEW CURRENT SITUATION Compile, Organize, and Value Assets Analyze Liabilities Estimate Immediate Needs Prepare Statements of Net Worth Develop Realistic Budgets LONG TERM PLANNING Discuss and Prioritize Goals Estimate Career Training Cost and Time Horizon Estimate Future Earning Potentials Estimate College and Educational Costs Compare After-Tax Asset Sales Project Retirement Needs Analyze Insurance Needs DIVORCE SETTLEMENT ANALYSIS Look at After-Tax Proposed Settlements Estimate Maintenance Needs Analyze Long Term Cash Flow and Net Worth Compare and Contrast Settlement Proposals Develop Alternate Settlement Proposals POST DIVORCE Oversee Asset Transfers Set Up Budgeting and Money Management Systems Manage Investments Monitor Results Update Plans Taking Control of Your Personal Finances in Divorce    Sandy Voit, CDFA™, LMHC Options you might want to consider to help impact – positively – your financial situation. Considering a Particular Settlement? Will It Work for You?    Carl M. Palatnik, PhD, CFP®, CDFA™, AAMS While financial settlements attempt to address the needs of all parties, they are often agreed upon with limited insight into the long-term economic consequences. As a result, settlements that appear fair and workable on the surface do not always stand the test of time. Pre-Divorce Financial Planning: Could This Be the Next Frontier?    Carl M. Palatnik, PhD, CFP®, CDFA™, AAMS With the advent of no-fault divorce, divorce has become largely about money. This has brought to the forefront a new dilemma for the divorce practitioner — how to resolve divorces in financially workable ways. Fifteen Critical Financial Mistakes in Divorce    Lee Slater, MBA, CFP®, CDFA™ Common financial mistakes made by people going through divorce. The Changing Landscape of Divorce    Lili A. Vasileff, CFP®, CDFA™ and Carl Palatnik, Ph.D., CFP®, CDFA™, AAMS There are noticeable new trends in divorce that affect both the legal process and the financial strategies required to help clients move past it. These trends include an increased reliance on alternative dispute resolution (ADR) methods, including development of a new modality called collaborative divorce, which are gradually moving divorce out of the courtroom Cost of Divorce    Lili A. Vasileff, CFP®, CDFA™ The risks of cutting a deal on the “cheap” may have not only short term risks but long term financial consequences that cannot ever be “undone”. Property division is a one shot deal for the rest of your life.

The ADFP does not endorse, support or recommend specific members. It is your responsibility to carefully research, interview and identify competent and trustworthy professionals before you hire one. All ADFP members are independent practitioners and most are certified, licensed and/or approved by a recognized Board, Agency or State Licensing Authority. This information is provided to the ADFP by each member annually and the ADFP does not validate member credentials. You should verify such credentials with the appropriate granting authorities, including but not limited to public, private, and state licensing boards. As independent practitioners, each member maintains his/her own fee schedule, business practice, location, and credentials. Practitioners listed on this website are current, paid-in-full ADFP members, in good standing. If a divorce practitioner is not listed on this website, please contact the ADFP directly to confirm his/her membership in the ADFP at 1-888-838-7773 or by contacting the president directly.

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