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Financial professionals you may want on your divorce team

On Behalf of | Sep 1, 2023 | Divorce

A Connecticut divorce often involves significant financial considerations. Financial professionals can play important roles in helping you navigate the financial aspects of divorce.

Here are a few types of financial professionals you may want to consider adding to your divorce team.

Financial planners

Financial planners assess your financial situation and create a plan to help you achieve your goals. During a divorce, they can help you understand the financial implications of different settlement options. They analyze assets, debts, income and expenses to develop a comprehensive financial strategy for post-divorce life. They may, too, assist you with budgeting, offering investment advice and planning for retirement.

Forensic accountants

Forensic accountants delve deep into financial records to uncover hidden assets, income discrepancies and irregularities. Their expertise is particularly valuable in complex financial situations. It may, too, come in handy when there are suspicions about financial misconduct, with research showing that more than 50% of Americans keep financial secrets from their partners.

Certified divorce financial analysts

CDFAs work closely with you to anticipate and plan for the short- and long-term financial impacts of your divorce. CDFAs provide valuable insights into issues like property division, alimony, child support and tax consequences.

Credit counselors

Divorce often impacts your credit score and financial stability. Credit counselors can assist you in managing debt, developing strategies for rebuilding credit and establishing a sound financial foundation for your post-divorce life.

Divorce has an inevitable impact on your finances. Working with one or more of the professionals named above helps minimize the financial impact of your split.