Any divorce involves financial issues, but the older you get the more complicated the situation becomes. Ideally, both parties come away with enough money to support themselves and divide their assets according the the law. However, if one partner has been taking care of the finances for 30 years then the other may have no clue about their financial situation.
That's when hiring a financial adviser with divorce experience or family lawyer can really come in handy. A good financial adviser will have your best interests at heart. That means that you might have to face some very uncomfortable truths about your financial situation. You may not be able to live the lifestyle you were accustomed to after the divorce because there isn't enough money. Social Security, investments, and retirement plans must all be factored into an overall financial plan that meets the client's needs.
If you have a lot of assets or have poor money knowledge, we recommend hiring a financial adviser to help you along with a family lawyer. If you choose to go with a collaborative divorce, we can help you find a financial adviser that can assess your situation and work with them to meet the requirements of divorce law. For more information about our philosophy, contact Elise Buie Family Law Group, PLLC today.