The financial impact of a divorce can be just as devastating as the emotional impact
Minneapolis, MN (PRWEB) February 16, 2009
Minneapolis, Minnesota -- Sharon Bloodworth, Partner and Vice President at White Oaks Wealth Advisors recently obtained the designation of Certified Divorce Financial Analyst TM from the Institute for Divorce Financial Analysts. The IDFA trains professional financial planners, accountants and lawyers to determine the financial needs and outcomes for couples after divorce.
"The financial impact of a divorce can be just as devastating as the emotional impact," Bloodworth said. "I am here to help clients understand and plan for their new financial future. Being a rare fee only firm gives us a tremendous advantage. You need strong conflict free advice when you are at your most vulnerable, not product solutions. While in ideal situations I would prefer to not have to use the skills with current clients but would welcome referrals to clients who need financial care and planning."
"This adds an important skill set to our business," remarked Bob Klosterman, President and CEO of White Oaks Wealth Advisors. "Sharon's natural, highly sensitive approach combined with this specific training will benefit those who are in need during a very traumatic time." He added.
The Institute for Divorce Financial Analysts™ (IDFA™) is the premier national organization dedicated to the certification, education and promotion of the use of financial professionals in the divorce arena. The financial issues inherent to every divorce case are often times the ones that are the most overlooked. However, once a divorce settlement has been signed, it's too late to change it. Who should keep the house? How much will it cost to live post divorce? How much alimony is there going to be and for how long? Will the custody arrangement affect child support? How can the retirement accounts be split and the money accessed? How can a business be offset? Should a business be valued? What is the value of health care benefits? Most important of all, will the clients be able to financially survive (and thrive) with the settlement post divorce? Certified Divorce Financial Analysts™ are trained to answer these questions and more for men and women in the process of divorce and to provide litigation support for their attorneys, that helps them prove and often settle their case.
White Oaks Wealth Advisors, Inc . is a private, fee-only wealth management firm in Minneapolis, MN with a $1 million minimum account size that specializes in simplifying the complexities of wealth. The firm offers an advisory team with over 60 years of experience in areas such as retirement planning, investment advice and management, estate planning, tax planning, stock option exercise, charitable gift planning, qualified plan distribution planning, and many other issues that individuals face in meeting and achieving their financial security goals. White Oaks Wealth Advisors, Inc. has been honored by having team members listed on the "Top 250 Financial Advisors" by Worth Magazine, Top Dog's by Bloomberg Wealth Manager, "5 Star Advisor" by Paladin Registry, "WiserAdvisor.com" "Best 150 Advisors for Doctors" by Medical Economics and "100 Top Advisors" by Mutual Funds Magazine and "Five Star Wealth Manager" by Twin Cities Business and Mpls St. Paul Magazine.