Making financial sense during uncertain times

Divorce Planning

Once a marriage has broken down and a decision is made – by one or both parties to divorce – the impact can be devastating.  Not only to the individuals involved, but also to the children, family friends and employees of the divorcing couple. Divorce not only has a traumatic emotional impact but a financial impact as well.

At Spinnaker Investment Group we are well versed in financial planning, accounting and the legal aspects of divorce. This is an emotional time, but you need to understand the impact of the financial decisions made as there are real consequences that can impact your future.

The role of the CDFA ® is to analyze and provide expertise on the financial issues of divorce.  The CDFA ® becomes a part of the team supporting the attorney and client.

Recent changes in tax laws have further complicated divorce proceedings:

  • After 2019 alimony not deductible
  • Prenups and post nups
  • Filing status – Is head of household  no longer the preferred method
  • Medical expenses
  • Mortgage interest
  • Deductibility of HELOC’s
  • Loss of deduction – spill over to property settlements and child support
  • Child support guidelines will change
  • Analyzing modifications
  • Small business owner – what is the impact to a pass-through entity
  • Old software is obsolete

As a Certified Divorce Financial Analyst ® and a member of The Institute of Divorced Financial Analysts ™ our CEO and Founder Morgan Christen has the unique skill to assist you along your journey.

Morgan can help you explore and answer questions such as:

  • Do I have enough money to live?
  • Can I access a retirement account?
  • Will I receive part of a pension?
  • Should I keep the house?
  • How should I value a business?
  • What will my expenses be post-divorce?

The journey from Pre-Divorce to Post-Divorce

  1. Initial consultation
  2. Gathering data.  Assets, liabilities, and budget
  3. Tax implications of various assets.  Pensions, IRA, Investments and Insurance
  4. What is marital versus separate assets
  5. Cash flow and budgeting assumptions
  6. Valuation of private assets
  7. Assisting on the fluid transition of assets to your name
  8. Providing a financial plan

Negotiations have changed.
Tactics will change. We aim to help.