Broker Check

Why You Should Hire a Financial Advisor Before Going Through a Divorce

| October 18, 2017

It’s hard to know who to listen to during a divorce. The information on the internet can be very overwhelming and inaccurate. For these reasons and others, it is critical to have a financial advisor on your divorce team.

At Marriage Financial Solutions, our team of advisors can help develop a financial plan and advise you on various ways to maximize your post-divorce lifestyle.

Here are some key points to help you determine when and why a financial advisor is needed:

  • They can make clear sense of your financial settlement options, and value those hard to value assets
    • Business equity, retirement plans, real estate and more
  • Secure your own financial advisor
    • Conflict of interest is no longer an issue
    • Many times couples each hire their personal lawyer, but not their own financial advisor
  • Financial advisors can help you analyze your complete financial picture
  • If you took a “hands-off” approach to your finances while you were married
    • If you are someone who did not handle the financial household transactions, you should most certainly seek financial guidance from a financial advisor
  • Call a financial advisor before calling an attorney
    • Most attorneys are not well versed in complex financial matters

When a divorce occurs, drastic economic changes occur for both parties involved. At MFS, we feel that developing a strategic financial plan can help you receive the best financial settlement for your specific needs.

No matter where you are in the divorce process, we can help! At Marriage Financial Solutions, our advisors are ready to assist you in every step of the divorce process.

Contact us today to see how we can help you draft a financial plan the works best for your situation.

Note: This information is general in nature and should not be construed as legal/financial/tax advice. You should work with your attorney, financial, or tax professional to determine what will work best for your situation.