Your attorney is an expert in the legal world, but not the financial world. Would you ask your dentist for advice about your car? No, so why would you expect your attorney’s advice about finances? Your attorney’s job is to request your financial affidavit and isn’t going to go through it in detail. A good attorney will glance over it looking for any glaring errors but that’s about it.
The most common errors we see are made with pensions. The pension can be the most valuable asset in a marriage. I often see attorneys accept a present value statement from a pension as the correct value to include as marital property. It’s not. Not by a long shot. A CDFA™ can value it properly and make sure that tax ramifications are considered as well.
Take Control of Your Future
When you consider divorce, or if you know someone who is contemplating divorce, one of the biggest realities for those in the divorce process is the financial settlement and financial analysis post-divorce. Get the assistance of Austin Divorce Strategies.
We will provide step-by-step guidance on matters related to divorce. With a wide range of experience and expertise related to divorce issues, Brenda will simplify the process and provide much-needed clarity in areas such as long-term tax consequences, asset, and debt analysis, dividing pension plans, continued health care coverage, stock option elections, protecting support with life insurance, and much more.
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