Donna has been in the financial services industry for her entire career. She is a CDFA and Divorce Mediator with Cheswick Divorce Solutions LLC. She guides decision-making and problem solving on the critical financial issues related to divorce. She helps clients and attorneys understand the financial impacts of alternative settlement proposals and provides data needed to support their case. Often, the financial data on which settlements are based can be unreliable, leading to future problems for one or both parties. Accurate financial information helps the parties achieve workable settlements more quickly and accept realistic lifestyle changes when necessary. Her work helps to ensure a stable economic future and prevent long-term regret with financial decisions made during the divorce process. She also does QDRO preparation for attorneys, which includes research, draft preparation and submission.
Ms. Cheswick is a member of the Institute for Divorce Financial Analysts (IDFA); a Collaborative Divorce Professional; Member of the Collaborative Law Association of Southwestern PA (CLASP); a member of the International Academy of Collaborative Professionals (IACP); and a trained Divorce Mediator. She writes articles and provides ideas covering a wide range of topics related to divorce that have been featured in local and national print, and online publications and radio. In addition she facilitates and teaches monthly Divorce Workshops for Women.
The opinions expressed are those of the author. Cheswick Divorce Solutions LLC does not render legal, accounting or tax advice. The information set forth was obtained from sources, which we believe reliable but we do not guarantee its accuracy or completeness.
In divorce – when trust is already damaged – financial deception is not uncommon. Money usually leaves a trail, so if you are looking for possible hidden assets, you should follow the money trail.
The nationwide trend toward alimony is on the decline. States continue to pass new reforms to rules used to determine post-divorce support awards, but alimony is unpredictable and not guaranteed in every case.
A QDRO is a legal order that needs to be included in a divorce agreement and allows a divorced spouse to receive all or a portion of a qualified retirement plan from their ex-spouse.
During divorce, before productive settlement discussions can occur, both parties must be on the same page and have full financial disclosure regarding all the property and debt they acquired during the marriage.
When divorce is on the horizon, it becomes necessary to compile a list of marital property (assets and debts) and supporting documentation as early in the process as possible. Tax returns are a good place to start when trying to verify sources of income, and to locate the existence of various assets owned.