What Is The Role Of The Financial Professional In Collaborative Divorce?
July 31, 2023 | Chad Layton Divorce Attorney, mindful divorce, uncontested divorce in Palm Beach County
By: Chad Layton, Esq.
Collaborative divorce is a process that prioritizes respectful communications, freely exchanged information, direct participation of both spouses, and solutions to accomplish the goals set by you and your spouse.
These are lofty ideals that are achieved every day by collaboratively trained attorneys, mental health professionals, and financial professionals.
The financial professional on your Collaborative team will most likely be a certified divorce financial analyst (CDFA). This individual will help you and your spouse by providing you with a comprehensive financial overview of your assets, debts, income and lifestyle.
Additionally, the financial professional will provide you and your spouse with objective criteria to facilitate informed and fair decision making. This includes post-divorce budgeting, financial projections, and potential tax consequences.
The financial professional is an important part of the Collaborative divorce team. He or she is a trained professional that adheres to the Collaborative principles of providing respect to everyone involved, maintaining direct and open communication with everyone involved, and a commitment to helping the family.
If you, or a friend of yours, has questions about Collaborative divorce in Palm Beach County, we are here to help.