Why do you offer divorce financial analysis?

“I have been in the Financial Planning arena since 1995.  In 2012, I experienced a divorce in my life. It was then I realized how complicated and devastating this can be for people. I wanted to help others get through this and be able to stand strong.  It's such an emotional, chaotic time, yet you are expected to make huge financial decisions that will affect you and your family for decades to come.  Many people find themselves in the position of ‘just wanting to get it over with’, without thinking of the repercussions of how these decisions can drastically impact their future, the future of their children and even their ability to co-parent.  With my years of knowledge, I can support and guide you through this tumultuous process.  You can come out of this strong, capable and gain the financial stability you need for yourself and your family.  Our consultants and I are committed to being part of your support team as you move forward in life.”- David Neugart

Divorce Financial Analysis

What Does A Divorce Financial Analyst Do?

It seems incredibly unfair that at a time when you are dealing with the emotional stress of separating from your spouse, you also must deal with worrisome and complicated financial issues too. As much as any other time in your financial life, it is vital to get professional help with your money questions when you are experiencing a divorce. One person who take a lot of weight off your shoulders is a Divorce Financial Analyst (DFA).

What are they?

A DFA is a financial professional who has the requisite test results and experience level to be certified to help people navigate the specific money issues that come up during a divorce.

What do they do?

A DFA can work just for you or they can serve as a mediator between you and your spouse. It is important to remember that a DFA is not meant to take the place of a divorce attorney.

A DFA can advise you on:

  • Marital property

  • Division of assets

  • Analysis and negotiation of the divorce settlement

  • Housing

  • Debts

  • Alimony

  • Child support

  • Tax implications

  • Retirement accounts

  • Healthcare coverage

  • Financial planning going forward

Why do I need one?

Simply put, if you and your spouse have assets of significant value, the financial ramifications can be quite complicated. At this emotional time, it’s best to trust someone experienced with these kinds of issues rather than trying to learn on-the-fly. Money mistakes made at this time could have far-reaching consequences for your new life.

How do you get started?

The easiest way to enlist the services of our office as a DFA is to make an appointment with our office. If available, please be sure to start gathering the following documents.

  1. Last 12 Month Bank Statements, all pages from each Checking & Savings Accounts.

  2. Last 2 Year IRS Tax Returns with All Schedules, W-2’s & 1099’s.

  3. Last month Pay check stubs for both parties.

  4. Most recent account statements for all Brokerage & Security Accounts.

  5. A list of all Real Estate Properties currently owned or sold in the last 12 months.