When considering divorce, your first impulse may well be to hire a divorce lawyer or divorce attorney. That could be a serious mistake.

The Divorce Financial Planners at Insight Financial Strategists are experts at the financial aspects of divorce in the same way that divorce lawyers are experts at the legal aspects of divorce. While many legal and financial professionals hold multiple interests, it is difficult for most people to really be an expert at more than a couple fields. Why then should we expect our lawyers to be expert at divorce law, real estate law, estate law, other legal fields, as well as financial planning, divorce tax and divorce financial planning?

Divorce Financial Planners usually have degrees in Finance, Accounting, or Tax. They often hold CPA, CFE, CFP or CERTIFIED FINANCIAL PLANNER professional designations. Also they often carry the CDFA or Certified Divorce Financial Analyst designation, which they obtain after specialized training in divorce financial planning. Both Chris Chen CFP and Tom Seder are Divorce Financial Planner with the CDFA designation.

Divorce Financial Planners Chris Chen CFP and Tom Seder CDFA are experts at helping you strategize your divorce. They can help you understand the likely financial scenarios and the long term impact on you and your family. They can help guide you towards the best strategy for you and your family, and determine the best path forward, given your situation.

In particular, a Divorce Financial Planner can help you analyze child support and alimony situations; they can help you with tax planning consequences including unallocated support; they can help you evaluate pensions and the best way to divide retirement plans. A Divorce Financial Planner can help you evaluate the best way to divide employee stock options and Restricted Stock Units or RSU. None of these topics are covered in law school or on the bar exam.

The Divorce Financial Planners at Insight Financail Strategists can also help refer you to appropriate divorce lawyers who will guide you through the court system. Chris Chen CFP and Tom Seder CDFA can explain to you the advantages and disadvantages of mediation, collaborative law, litigation, limited representation, and do it yourself (DIY) divorce.

Unlike most law firms Divorce Financial Planners do not require large retainers. They provide immediate value at an affordable cost. Most importantly they help you avoid critical and costly mistakes with long term consequences.

Most people will need to consult with a divorce lawyer to review key elements of the law in your state and make sure that their rights are protected. As well, virtually everyone with a divorce agreement will benefit from a thorough review of the agreement from both a legal and a financial standpoint. It is beneficial to have the financial review from a financial specialist instead of a legal specialist.
Topic revision: r1 - 04 Jan 2016, RockyMarciano

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