Langhorne - Newtown, PA / Doylestown, PA (PRWEB) March 28, 2012
The benefits of a divorce lawyer being a Certified Divorce Financial Analyst are priceless. Given the financial complexity of divorces where one or both parties have substantial incomes, as well as considerable marital assets, it is fundamentally important to employ a professional who not only understands the applicable divorce laws, but also can see the impact those laws will have on both parties’ finances well after the divorce has been completed.
As both a divorce lawyer and a CDFA, Ms. Coverdale has gone through intensive training and acquired expertise in the financial issues of divorce. She helps clients to fully understand how the financial decisions they make today will impact their financial future. She advises clients on the most important aspects of the property settlement agreements, well before the negotiation process starts, to ensure that they obtain a fair portion of the marital assets. For individuals who did not manage finances during the marriage, the financial impact of a divorce can be especially challenging, because they find themselves unprepared to handle complex business and financial issues and uninformed as to the extent of their marital estate. A CDFA-trained lawyer will provide these individuals with the assistance they need to identify and address the financial issues in their case.
Some of the complex issues that may arise in any high end divorce are the following: division of businesses and professional practices, management of real estate holdings, deferred distribution of pension plans, transfers and withdrawals from 401(k) plans and other retirement assets, division of alternate compensation benefits (deferred compensation plans, stock options, restricted stock units), and taxation considerations. Ms. Coverdale helps clients to prepare a game plan with respect to all of these issues. Additionally, she assists them in determining both budget and cash-flow needs for purposes of calculating support and alimony payments.
It is important to be well represented and advised in order to negotiate effectively. You need someone who can keep you thinking realistically and assist you in being practical in your approach to determine what your wiggle room is and what you are willing to give up in order to gain what you need.