Divorce Financial Mediation
A financial mediator is trained to help clients understand the long-term financial impact of a property settlement in order to come up with the best solution for all. During financial mediation, a divorce mediator will not offer advice. Instead, they will provide an impartial summary of the financial effects of proposed settlements. If you are considering splitting property evenly in half, divorce financial planning will be able to illuminate the long-term financial ramifications, tax implications, investment, and inflation impacts of this decision which may prove that it is a much less equitable solution than originally thought.
Finances are often a chief cause of marital discord. If the issues are not resolved, financial disagreements can lead to marital dissolution. Financial mediation can help those considering divorce and already-separated couples navigate these concerns in a way that is less stressful and emotional than the prospect of protracted and expensive litigation. Due to emotional issues inherent to disagreements concerning finance and divorce, monetary considerations only become more complex. Therefore, arriving at an equitable property settlement is one of the most difficult aspects of the process of divorce.
The financial and tax implications of a division of assets or an award of alimony and statutory child support are some important financial factors that should be taken into consideration as part of any divorce. The process of divorce mediation will involve compiling information as to property and assets such as retirement accounts, pension plans, stocks, and investment accounts, among others. A complete picture of the client’s finances, and/or the couple’s finances, will first be determined before any discussions of property division will be examined. Once an approximate valuation is assigned to all assets and liabilities, and after income and expenses, both current and future, are determined, financial mediation can begin. A financial mediator who is a CDFA® is trained to help clients understand the long-term financial impacts of a property settlement to come up with the best solution for all.
A financial mediator can provide an impartial summary of the financial effects of proposed settlements and assist the parties as an independent third-party neutral in resolving their financial disputes. If you have any questions about the legal aspects of divorce, you should consult an attorney. If you need referrals to lawyers in your area, we will provide them. Remember, a trained CDFA® provides financial solutions and the navigation of the financial elements of divorce.
At Divorce Financial Solutions, Veralynn Morris, our certified divorce financial analyst (CDFA®), is our proven expert in financial mediation. She is certified by the Institute of Divorce Financial Analysts (IDFA™), and she has completed the court-required certifications. She has successfully assisted numerous clients with financial mediation. She also participates in continuing education and training opportunities to sharpen and build her expertise. Veralynn leverages over three decades of experience with providing clients unbiased and impartial financial advice in connection with the disposition and allocation of assets. She is uniquely equipped to help those considering divorce and separating couples navigate their unique financial needs in a divorce by analyzing tax consequences, providing analyses, and immediate and future solutions for financial planning. She provides guidance regarding whether settlements are fair and equitable for all involved parties from a financial standpoint. During the mediation process, Veralynn Morris acts as an impartial neutral to aid in considering and determining the financial benefits and drawbacks of various proposed settlement agreements. With Veralynn’s guidance, financial mediation becomes a productive, respectful, and collaborative process where both parties take an active role in choosing a fair way to divide their assets. With Veralynn Morris and Divorce Financial Solutions, parties will be able to explore the holistic benefits and consequences of various agreements. As a result, parties are empowered to make informed decisions as to which terms serve the best interest of the parties.
Please note that Veralynn Morris and Divorce Financial Solutions are not lawyers and do not offer legal services. Moreover, their financial mediation services are not intended to be a substitute for the services of an attorney. To the extent that you are seeking advice regarding your legal rights in connection with a divorce, please consult an attorney. We are able to provide you with referrals to lawyers in your area. Remember, a trained CDFA® provides financial solutions and the navigation of the financial elements of divorce.