Association of Divorce Financial Planners Celebrates 10th Anniversary as Vital Contributor to Long-Term Divorce Success

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ADFP Anniversary to be celebrated at annual conference September 11th and 12th in New York City.

They can concentrate on the legal work and allow professional divorce financial planners to handle the complexity of providing financial solutions that work on a short-term basis and long-term as well.

The Association of Divorce Financial Planners, announced today that its 6th Annual Conference will take place in New York City on September 11 and 12, 2008.

This year's conference will focus on two primary goals. First, is to bring together financial advisors throughout North America working in or interested in learning more about a growing niche within their industry - divorce financial planning. Second, is to inform divorcing couples that they can save considerable time, money and aggravation, and often get better results, if they include a divorce financial planner on their team.

"Financial planning should be an integral part of the divorce process. The earlier the financial advisor becomes involved, the less likely the situation will escalate out of control," said Carl Palatnik, founding president of ADFP.

According to Lili Vasileff, ADFP president, this advice is increasingly being supported by divorce attorneys, mediators and other professionals who play a part in the process. "Until recently, the attorneys and mediators did it all themselves: financial and emotional counseling along with the legal work," Vasileff commented.

Palatnik explains that the situation has dramatically changed. With the advent of no-fault divorce, the focus in and out of court revolves largely around money. This, in turn, has created new challenges for both attorneys and mediators, who need to resolve the divorce, whether through litigation or alternative means, in a sensible and financially workable way, while seeking to minimize emotional damage, especially to children.

This transition has opened a new door for financial experts skilled in other more traditional financial areas. Divorce financial planning is an emerging business that can be profitable as well as rewarding to those professionals trained in the nuances of contemporary divorce.

The ADFP states that including divorce financial planners often reduces the overall cost of divorces and frequently generates outcomes that are fair and workable, due to the fact that financial planners concentrate on needs and paying abilities, rather than entitlements or emotionally-driven motives. Also, they take into account economic variables, tax consequences, career assets, retirement issues, career re-training and fluctuations in home values, college tuition, investments and other issues often overlooked in divorce agreements prepared without the perspective of a divorce financial planner.

"Today attorneys understand and appreciate more than ever the value we bring to their practices," added Vasileff. "They can concentrate on the legal work and allow professional divorce financial planners to handle the complexity of providing financial solutions that work on a short-term basis and long-term as well."

This year's recipient of the annual ADFP Pioneering Award, honoring individuals who have made outstanding contributions to the field of divorce, and keynote speaker, will be Carol Ann Wilson, founder of the divorce financial planning profession. Numerous other prominent divorce professionals will be presenting as well.

The Association of Divorce Financial Planners (ADFP) is a national organization with chapters currently in New York City, Long Island, Connecticut and Ohio. Two new chapters will soon be launched in New Jersey and numerous others are being organized throughout the country.

About the conference:

On September 11th, a half-day Pre-Conference Institute will be led by Dan Caine, developer of Family Law Software. This program will be followed by a wine and cheese reception. September 12th will be an all day session focusing on a variety of divorce issues. Ample amounts of continuing education credits will be awarded to attorneys, accountants and financial planners attending the sessions.

To register for the conference, visit: http://www.divorceandfinance.org. For more information, contact Pam Humbert, ADFP Administrative Assistant, at ADFP(at)optonline.net.

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Carl M. Palatnik, PhD, CFP®, CDFATM,
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