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

A financial planner plays an important role in a collaborative divorce in Delaware. This professional can help the divorcing couple evaluate their financial situation and come up with a fair and equitable settlement. The financial planner can help with creating a budget and making sure that both parties get a fair share of assets and liabilities. The financial planner can also help the divorcing couple develop a plan to divide their assets and debts. They can explain different options for splitting retirement accounts, such as 401(k)s and IRAs. They can also provide advice on the tax implications of different decisions, like who claims the deduction for child and spousal support. The financial planner can also help the divorcing couple understand their financial obligations during, and after, the divorce. They can help the couple assess their living expenses and decide who should pay which bills and debts. They can also provide advice on financial matters, such as how to save for retirement. Overall, the financial planner provides a valuable service during the collaborative divorce process. They provide an objective resource who can help the divorcing couple come to an agreement that is in the best interests of both parties. They can help the couple understand the complexity of the financial aspect of a divorce, and provide sound advice that will help them move forward with their lives.

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

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