Aside from practically helping with some property division, helping those parties divide the assets as agreed to in the property settlement agreement, I may likely help one party with their new financial picture. That might be everything from maximizing what they received in marital assets, taking a look at the long term consequences of the decisions that were made, considering some alternatives to managing their cash flow.
Divorce is one of the most stressful life events that a person will go through. I think it’s critical to review at this point the big picture, the long term consequences. At this point too I may introduce new resources, one party may need a CPA or need to update their estate plan. Perhaps they need access to a good mortgage lender. So, I like to be a resource to my clients after the divorce to get them on good financial footing.
Dianne Nolin is a CFP with more than 25 years of experience, and Sara Schuler is an experienced family law
practitioner in the Northern Virginia area.