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

In a collaborative divorce in Washington, the role of a financial professional is to provide financial and legal advice to the divorcing couple. The financial professional works with both parties to ensure they receive fair and equitable division of assets and debts, as well as providing strategies to manage post-divorce financial stability. The financial professional works with the divorcing couple to ensure all assets and debts are accurately identified and valued. This includes items such as real estate, vehicles, investments, retirement accounts, and any other assets or debts. The financial professional will help to determine the best course of action for divvying up these assets. In addition, the financial professional can help the divorcing couple to create a financial plan to manage their post-divorce funds in order to achieve financial stability. This includes budgeting, retirement planning, and tax strategy. They can also provide advice on how to best handle child support and alimony payments. Overall, a financial professional in a collaborative divorce provides important advice and guidance to both parties. Their expertise helps to ensure a fair and equitable division of assets and debts, as well as helping to create a successful post-divorce financial plan. They can help reduce stress in the process by providing objective advice and assistance.

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

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