Most couples don’t expect to get divorced, but with a divorce rate of around 50 percent, it’s no surprise that many couples find themselves separating. When preparing for your divorce, hiring a financial advisor divorce specialist in Phoenix, AZ, can be a valuable asset. They play a critical role in your success.
The Family Home
Some couples sell their family home and divide the profits between them. Others allow one party to remain in the house. It’s a highly personal decision, with pros and cons for both options. A financial advisor divorce specialist in Phoenix, AZ, can provide an accurate valuation for the home to calculate the buy-out or estimate how much each party can expect from a sale.
Retirement and Investment Accounts
The length of a marriage can determine how much an individual is entitled to from the other party’s retirement and investment accounts. Working with a financial advisor divorce specialist in Phoenix, AZ, can ensure both parties get what is rightfully theirs from these accounts.
Spousal and Child Support
In many divorces, one party is ordered to pay child support. Some situations also warrant spousal support. Determining the right amount and how long payments should continue for alimony can be challenging. A financial advisor will ensure correct payments. They can also help decide who should claim children on their taxes.
If you need to work with a financial advisor divorce specialist in Phoenix, AZ, visit the Bridge Divorce Strategies website.