What is a collaborative divorce financial specialist?

A collaborative divorce financial specialist is a professional who assists couples during the divorce process. In North Carolina, this specialist is trained to help manage the financial and economic aspects of the divorce process. This includes providing consultation to both parties about the financial implications of proposed settlement agreements, helping to prepare budgets and filing paperwork. The collaborative divorce financial specialist also helps by analyzing the financial information that each party provides and helping to identify any assets that are potentially subject to division. This analysis helps the parties to understand the financial implications of the decisions they might make throughout the process. The specialist is also able to provide guidance to the parties to help them to arrive at a mutually beneficial agreement. The collaborative divorce financial specialist also provides education so that the parties can understand the financial issues related to their divorce. This includes providing information about taxes, insurance, retirement, and estate planning. The specialist can also help the parties understand the impact of court-ordered support payments, such as how to budget for them and the potential tax implications. In short, a collaborative divorce financial specialist is a valuable partner to the parties during their divorce. They have the knowledge and experience to help the parties understand the financial implications of their divorce and provide guidance on arriving at a mutually beneficial settlement agreement.

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What is a collaborative divorce financial specialist?

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