What is the role of a financial professional in a collaborative divorce?

A financial professional plays an important role in a collaborative divorce in California. They provide help in preparing and analyzing financial information related to the divorce agreement. This can include helping to assess the value of assets, liabilities, and any other income or expenses that the court should consider when making decisions. The financial professional will also help to ensure that the couple’s financial needs and goals are taken into account and discussed throughout the process. This can include an evaluation of what needs to be done to maintain the couple’s standard of living, as well as how to divide assets and liabilities in an equitable manner. Financial professionals can also provide sound advice on investment options and strategies to help both parties post-divorce, as well as any other financial planning that is missing during the divorce process. In addition, the financial professional can help both parties understand the tax implications of the proposed agreement. This includes ensuring that each party takes into account how taxes may affect the overall financial outcome of the solution. Finally, the financial professional can assist in setting up a budget that both parties can follow in the future, which can help ensure that the divorce agreement is adhered to by both parties. This can help ensure that all financial obligations are met, as well as provide for any additional financial needs of either party.

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What is the role of a financial professional in a collaborative divorce?

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