Colorado Divorce –

Cutting Your Losses without Cutting Your Future

Financial impacts of divorce settlements can last a lifetime. Your marriage may be over, but the rest of your life is still ahead. You need to take care of your long-term financial needs by getting the fairest, most intelligent divorce settlement possible.

Wendy Spencer is a Certified Financial Planner®, Certified Divorce Financial Analyst™ and professional Family Law Mediator, who can answer and calculate these financial questions for men and women in the process of divorce. For clients desiring a mediated settlement, Ms. Spencer is experienced in handling Colorado divorce issues, and provides family law mediation services. Upon request, she can also combine mediation with her divorce financial expertise for a seamless and smoother divorce process.

Wendy Spencer can help with questions such as:  Who should keep the house? How much will it cost to live after the divorce? How much alimony will be received or paid, and for how long? Will the custody arrangement affect child support? How can the retirement accounts be split and how can the money be accessed? How can the value of a business be offset? Should a business be valued by someone other than the current accountant? What is the value of health care benefits now and after the COBRA time expires? Most important of all, will the clients be able to financially survive and thrive with the settlement after divorce?

The financial issues inherent to every divorce case are often times the ones that are the most overlooked. However, once a divorce settlement has been signed it can be too late to change it.  Obtaining a Colorado divorce itself is not overly complex, but the long-term financial ramifications can be significant.

Additionally, the costs of obtaining a divorce can be steep. Divorces can easily cost $10,000 or more for each spouse when engaging quality legal expertise. Expenses are higher if the divorce is acrimonious or litigated. These costs drive many couples to do-it-yourself (or pro-se) divorce, which, unfortunately, can create the inadvertent oversight of significant financial issues. The more complex the financial situation, the more likely it is that couples can make mistakes during their settlement. Couples may see the wisdom of keeping the divorce costs down, but be unable to resolve one or more issues on their own. Mediation may be the answer for these couples. Mediation helps couples to resolve their differences in a safe environment and allows them to create their own, more workable solutions for their future separate lives.

Divorce financial planning combined with mediation helps couples to achieve the fairest and most workable divorce settlement possible. Your future is dependent on decisions you make today. Be sure that you are creating your brightest financial future possible! 

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