Divorce Specialty Services Page
Create stable pathways with support designed to help you overcome challenges in all areas of your life.
Financial Planning
Overview
The divorce process often forces couples to make quick financial decisions, adding to an already challenging situation. With You Tree’s expertise, you can navigate and manage the financial complexities of your divorce, avoiding costly mistakes. Together, we’ll create a comprehensive financial plan that aligns with your future goals, empowering you to make informed decisions with confidence.
Financial Planning Elements
Key Components of Financial Planning
You Tree incorporates elements of financial psychology to help you balance both the emotional and logical aspects of your divorce process, including factors such as:
Net Worth & Cash Flow
- Data collection and organization
- Develop personal financial statements
- Pre-divorce budget and cash flow analysis
- Post-divorce budget projections
- Identify tax-related constraints and concerns
- Formulate cost basis on assets and property
- Review options for equitable settlement
- Support legal, accounting, financial and other professionals
Asset Components
- Review retirement plan rules and options
- Strategize and review taxable investment accounts
- Outline options for balanced savings contributions
- Review and strategize executive and incentive compensation plans
- Outline procedure for retirement account transfers, including QDRO transfers
- Estimate pension marital asset value
- Develop strategy to support education goals
- Develop strategy for business succession or continuation
Liability and Tax Components
- Formulate cost basis on assets and real estate
- Quantify and explain embedded future taxation
- Organize debt, develop elimination strategy, and outline potential exposures
- Plan for future tax filing status
- Determine if the strategy with the Marital Home Matches Mortgage underwriting guidelines
- Explain taxation around support, as well Marginal Income Taxation
- Develop strategy to minimize taxation
Protection & Estate Components
- Review of property and casualty, life, disability and health insurance
- Identify future liability and coverage exposure
- Assist with pre-qualification process for future insurance requirements
- Outline options to retain health insurance coverage
- Assist with adjusting wills, directives, powers of attorney, and trusts
- Properly structure beneficiaries
