Once you take emotions out of the equation, much of the divorce process is financial in nature. When you navigate your own Texas divorce, you need to consider, not only how to divide and handle assets and debts, but also, how to set yourself up for retirement and otherwise plan for your new, single lifestyle. You may find that having a financial advisor helps you both plan for your future and tie up the loose ends of your past.
U.S. News and World Reports notes that a divorce financial advisor serves several key purposes. You may want to think about adding one to your divorce team if any of the following describes your situation.
Divorce is complex enough on its own, but divorcing someone with whom you share business interests adds another level of complexity. A financial advisor may be able to help you develop a better understanding of your options when it comes to your family business – and the implications of the various choices you may have.
It is not uncommon for one divorcing party to try to hide assets from the other. If you are under the impression that your spouse is not being upfront about income, assets or both, a financial advisor may help you investigate the situation further.
You may also find it useful to add a financial advisor to your divorce team if you want to plan for retirement, valuate assets or anticipate the tax implications of your split, among other possible reasons.