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Divorce Transition - Frequently Asked Questions

Table of Contents

  1. What is a divorce financial planner?
     

  2. When should I hire a divorce financial planner?
     

  3. What can I expect from working with a divorce financial planner?
     

  4. I already have a financial advisor. Why should I hire another one?
     

  5. What would my attorney look for in a divorce financial planner?
     

  6. Why would I want to hire Sigman Financial Fitness?
     

What is a divorce financial planner?

On the grand scale, a divorce financial planner coordinates your lawyer’s settlement negotiations, which are based on your current financial situation, with a financial plan of action, which is based on your projected financial needs as a single person, five-, ten-, twenty-years beyond the settlement date.

On a practical level, a divorce financial planner is the rational voice guiding you through financial decisions in which you must participate, informing you how they will affect your long-term financial well-being, and what new habits you must acquire to maintain a comfortable life-style post-decree.

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When should I hire a divorce financial planner?

Before you become overwhelmed by the legal process and question your ability to make sound financial decisions that can affect you for the rest of your life.
 



Sigman Tip #1: If you don’t see yourself enjoying a nice dinner with your financial planner, find someone else you “click” with. After all, your planner is ideally a partner for life.
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What can I expect from working with a divorce financial planner?

A decision-making and action-planning environment void of emotionally-driven behavior that engulfs this supremely difficult and disruptive time of your life.




 
Sigman Tip #2: You can only see so much standing in one place; use a financial planner to help you move from where you are standing in order to see another viewpoint you might have missed. This is a high stakes game with important results; trust someone who knows and cares.

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I already have a financial advisor. Why should I hire another one?

On a professional level, divorce financial planners have combined academic and practical knowledge of divorce laws and their financial ramifications; and scenarios for dividing the spousal assets equitably for your long-term financial well-being.

On a practical level, a divorce financial planner is a new pair of eyes on a financial situation you’ve been in for a long time, with your former spouse. If you have any concern about your current planner’s bias toward that spouse, you will be well-served to engage services with a new Certified Financial Planner™.
 



 


Sigman Tip #3: Today is not too soon to seek the services of a qualified professional to accelerate the financial planning process. The younger we are the better chance we have of achieving results.
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What would my attorney look for in a divorce financial planner?

Your attorney will most likely look for a divorce financial planner:

  1. with top-rate negotiation skills

  2. with experience working with divorce laws

  3. with the ability to translate legal jargon and how it affects your long-term financial well-being

  4. who provides FEE-ONLY investment management services

  5. who is unconstrained by the limitations of serving as an Expert Witness

  6. who allows your attorney to practice law without interference

 

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Why would I want to hire Sigman Financial Fitness™?

You will walk away from Sigman Financial Fitness™ with a settlement that is equitably fair, a vision of your financial future as a single person, the tools to move forward in a productive manner, and the ability to take care of your long-term financial needs without fear or anxiety.

For information on specific issues Sigman Financial Fitness™ addresses during divorce financial planning, please read my article: Financial Mistakes to Avoid in a Divorce Settlement


 
Sigman Tip #4: You should expect your financial planner to always put your needs first … no exceptions.
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Summary of Services • Typical Post-Decree Action Plan • What to Expect • Client Stories • Divorce FAQ

 

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