Divorce Settlement Analysis
Divorce Settlement Analysis
Preparing financially for marriage, divorce, or separation requires careful analysis, planning, and full consideration of the options available. Issues involving taxes and tax planning are not typically at the fore front of the parties’ thinking—if they are given any consideration at all. The CPA financial planner can make an important difference here by making certain that tax and other financial issues are at least raised—and then addressed in the appropriate circumstances. The emotions involved in marriage and divorce may relegate tax issues to the background, but long after the emotional highs and lows of the clients’ situation have subsided, the tax decisions they made—or did not make—may linger many years into the future. The financial planner needs to be the person able to address these issues and make certain that the clients give them appropriate attention and consideration.
The 2017 Tax Cuts and Jobs Act has made a significant change in the way taxation of divorce will be addressed after 2018. For arrangements entered into after 2018, alimony will no longer be deductible by the payer nor may be included in income by the payee.
Your trusted CPA financial planner will:
Minimize the cost of your divorce as much as possible.
Provide balance to both parties so that the less financially involved party understands the financial issues and is comfortable accepting financial responsibility for their decisions.
Provide supplemental personal financial tutoring where necessary.
Although you may not be happy with your settlement, you will be able to live with it.
Help you create a financial settlement that minimizes future conflict in the future following a divorce.
Pinnacle Financial Planning, LLC relies heavily on the use of state-of-the-art, sophisticated financial software to create and evaluate asset distribution proposals that are relevant not only for the present day but also for 5, 10 or even 15 years in the future. The software is also programmed to take into consideration the after-tax impact of various asset distribution proposals. This feature is updated when there are changes in the tax code at both the state and federal levels.
The detailed reports generated from this software are well documented and can be used in court. The software also generates graphs and charts that increase the acceptance of proposals by both sides in a divorce. In addition, the software serves as an excellent financial planning tool.
This financial software analysis works equally well with all divorce models: arbitration, collaboration, mediation and litigation.
Clients Post-Divorce Planning Services:
Settlement is only the first step toward securing your future. Once a settlement has been reached, I will work with you to maximize the value of your settlement over the long-term. Through budgeting, financial planning, and prudent investment strategies, I will help derive the maximum value from your settlement.