Deconstructing Divorce

Taking the Mystery Out of Divorce

If Marriage Is About Love, Divorce Is About Money

If Marriage Is About Love, Divorce Is About Money

A new client came to me this month at the recommendation of her Family Law attorney. She wanted to consult with a financial advisor while preparing for her mediation.

She wasn’t necessarily looking for a specialist, a Certified Financial Divorce Analyst, just someone who could help her envision her financial life post divorce.

I am a CDFA and understand divorce law in New Hampshire but in this case that really wasn’t my role. My role, as her attorney defined it, was to help her understand what she and her husband owned and how some of that would support her for the rest of her life.

Therein defines the respective roles of an attorney and a financial advisor during a divorce process: the attorney will  address the legal issues and the CDFA® will assist the client and his/her lawyer in understanding how the financial decisions he/she makes today will impact the client’s financial future.Today’s Family court is a crowded and complex arena and Family Law attorneys are handling increasingly complex issues such as commercial real estate, business interests and complex family dynamics with child custodial issues. If they can receive assistance in developing the financial settlement it allows them to focus only on those legal issues. Financial Planners have always assisted clients in understanding how their financial resources such as retirement plans, social security, real estate holdings work together in retirement and other exit situations. Divorce is one of those exits with it’s own legal overlay.

During the divorce process, attorneys and their clients are often asked to  present mediators with very clinical financial affidavits containing assets, budgets and family statistics. These briefs outline only the very basic facts and  financial information of a family’s circumstances. Proofs at trial can be equally empty and perfunctory.  What is lacking is a great deal of “non-legal” information from other disciplines which would take those same financial facts and incorporate them into a process that includes economic assumptions, tax consequences, and actuarial projections. These projections help all parties involved see the whole picture long term.

Divorce has the possibility of being devastating to the families involved. But it doesn’t have to be. A mutually agreed upon settlement hammered out by informed parties has a greater possibility of  successful acceptance and implementation than one handed down by a judge.  Having gone through a lengthy divorce with painful consequences to myself and my children,  it has become a bit of a dream of mine to help others avoid the same. It can be done!

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Company Info

Wheeler Professional Park
1 Oak Ridge Road
Building 3 Suite 2W
West Lebanon, NH 03784

Office: (603) 277-9953
Cell: (603) 667-0471
sboyle@sjboylewealthplanning.com

SJ Boyle Wealth Planning, LLC is a registered investment advisor in the state of New Hampshire. We work as a personal financial advisor to families in Hanover New Hampshire and Vermont helping them coordinate every aspect of their financial affairs including their educational, investment, retirement and estate planning. As a Registered Investment Advisor we work in a fiduciary capacity serving their best interests first!

Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

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