Your Guide Through Challenging Times

Do you need a financial advisor on your divorce team?

On Behalf of | Jun 28, 2022 | Property Division |

When you and your California husband or wife split up, you may fare better in the financial sense if you hire a financial advisor to help advocate on your behalf. While anyone might benefit from adding a financial advisor to the divorce team, you may find it especially helpful if you and your former partner have considerable assets.

Per U.S. News and World Report, a financial advisor may be able to help you set financial goals for your future and prioritize how to achieve them during your divorce. More specifically, you may find that a financial advisor helps you do the following.

Consider tax implications

Divorce is going to have tax ramifications. A financial advisor may be able to help you anticipate these changes and make appropriate plans so that you do not face a major, unexpected tax bill when it comes time to file.

Put plans in place for retirement

If your retirement big picture looks way different without your former partner, you may need to take certain steps during asset division to set yourself up for success in this area. A financial advisor may be able to help you identify ways to set aside additional funds for retirement.

Find hidden assets

A financial advisor may also come in handy if you feel as if your former partner is hiding assets from you so as not to have to divide them up. The advisor may be able to find these hidden assets or income sources, raising the chances of you getting your fair share.

This is just a brief sampling of some of the many ways a financial advisor may be able to help you navigate the financial side of your divorce.