"How do I know whether I need a financial planner or Certified Divorce Financial Analyst for my divorce?"
A financial reorganization can be challenging at any time. When we add the stress and uncertainty that accompanies divorce and separation, a reliable financial expert or analyst can assist your deliberations and strategic planning. There is a big difference between complexity and complication. Accredited financial planners working with the lawyer and client can often eliminate many complicating factors arising from a great many details including accounting principles, income-tax treatment, pension evaluation and computer-database assumptions.
Lawyers should be vigilant in organizing the best resources around their clients' decision-making. In terms of dispute resolution, increasing reliable information can often reduce the prospect of conflict. New computer models can generate long-term property and support profiles that illustrate how settlement plans work for both spouses over the decades. This enables a wise and durable settlement. That's why an increasing number of divorcing people are opting for this type of more detailed financial workup.
Nigel Macleod practises family law, mediation, and Collaborative Divorce in Ottawa.
Certified Divorce Financial Analyst
Business Valuators / CPAs