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Could you benefit from having a divorce financial advisor?

On Behalf of | Oct 26, 2022 | Divorce |

When you and your Connecticut spouse make the decision to split, you are going to have to figure out how to divide the assets you currently share. You are also going to have to pay off any debts you may share together so that each of you may start fresh with a clean slate after your divorce. Increasingly, parties navigating divorces are choosing to enlist the aid of divorce financial advisors, and there are several key reasons why they are doing so.

According to U.S. News and World Report, the main role of a divorce financial advisor is to help you plan ahead, anticipate the financial implications of your split and work to mitigate them accordingly. More specifically, a divorce financial advisor may be able to help you do the following.

Find hidden assets

Not every person navigating divorce conceals assets, but it is not as uncommon as you may think, either. If you suspect your former partner might be concealing assets from you to maximize his or her takeaway in your split, a divorce financial advisor may be able to help you find them.

Plan for retirement

Your age at the time of your divorce may play a role in how concerned you are about retirement. If you are nearing the age of retirement, a divorce financial advisor may be able to help you figure out how to maximize your retirement income and maintain a lifestyle similar to the one you have now.

A divorce financial advisor may also be able to assist you in your divorce by helping you determine the value of certain assets or create a post-divorce budget, among other examples.