Financial Specialist

Life transitions and financial decisions often go hand-in-hand. Whether you are facing divorce, making a business succession plan, or transferring wealth through estate planning, the financial ramifications can be significant. Engaging an experienced Financial Specialist as a member of your Collaborative Team is essential and will help you navigate through these challenging times.

The Financial Specialist plays a neutral role in the Collaborative Process. This professional works to achieve a financial settlement desirable to all parties. The Financial Specialist is not acting as an investment advisor to provide recommendations on the investment of your money. The Financial Specialist has a distinct role and responsibility in the Collaborative Process. After gathering information, this professional will educate you and the other party about financial choices and the consequences of various settlement options. They will identify the current and potential future tax liabilities, if any, and manage financial expectations. In divorce matters, the Financial Specialist will review cash flow, develop realistic lifestyle spending plans and work with all parties to identify the amount of child support and alimony that meets the needs of family members. The Financial Specialist helps both spouses prepare financially for life after the divorce.

Financial Specialists are specially trained in the intricacies of these life transitions. They integrate their financial planning knowledge into the Collaborative Process. Ultimately, their goal is to empower clients by providing them with the information, plans and confidence to make sound financial decisions.

Financial Specialists do not take the place of your own investment or financial advisor. Financial Specialists do help you:

  • Gather financial information in a supportive and nurturing environment;
  • Understand the overall picture created by your family’s financial situation;
  • Evaluate tax implications of a proposed settlement;
  • Assess the near-term and long-term financial effects of your options; and
  • Achieve a desired financial settlement for each party.

To learn how a Financial Specialist benefits your situation and helps you achieve a desirable out-of-court financial resolution, please contact one of our team of Financial Specialists with Collaborative Law Professionals of Southeastern Pennsylvania.