Divorce can create fear and uncertainty.
If you are preparing for, in the middle of, or have finalized your divorce, we can provide you with immediate clarity of what you have and how your new life will look financially.
As divorce financial planners, we specialize in working with the so-called “out spouse,” a term for the spouse that hasn’t been involved in paying the bills, managing the investments, buying insurance, budgeting, or who doesn’t have the relationship with the family attorney, CPA, or financial advisor. Once separated or divorced, the “in spouse” already has the experience and relationships to transition financially but the out spouse has to start from scratch.
Choose a fiduciary
Robert Pagliarini, Ph.D., CFP®, is a fiduciary, which means he is legally and ethically bound to act in the best interests of his clients.
Nationally Recognized Financial Planner
Robert Pagliarini, has over 24 years of divorce financial planning experience.He is a Certified Divorce Financial Analyst, a CFP® Ambassador, one of only 50 in the country, as well as an Enrolled Agent with the IRS. He has written several books and writes a financial column for Forbes.
Divorce financial planners help you get your fair share during divorce.
If your finances are simple, it can be easy to evenly divide the assets, but if your finances are more complex (e.g., multiple homes, employer stock options, closely-held business, illiquid investments, separate property), this can become much more difficult. The solution is to answer these two questions: What do we own and what is it worth? If you are concerned that assets are not being disclosed, discuss this with your attorney and consider hiring a forensic accountant – basically a financial detective – to help uncover any undisclosed assets. The next issue is to arrive at a fair value for each asset. This is an area that is ripe for abuse.
We help you know what you'll have after the divorce.
This is a pervasive fear in divorce... and it’s completely justified! In a divorce, it is easy to get lost in the details and lose sight of the bigger picture. It’s critical to stay focused on what your finances will look like post-divorce. This starts by knowing not only how much you have, but WHAT you have and WHERE you will have it. As a divorce financial planner, we will help you understand what your finances will look like after the divorce.
For example, $600,000 equity in your house is very different from $600,000 of cash in the bank or $600,000 worth of stock in your ex-spouse’s business. Get rid of the fear by getting clear on your assets. When working with clients going through a divorce, we make sure you are not only getting your fair share but that you don’t get stuck with illiquid assets while your ex gets the cash.
We help you understand how your lifestyle will change after divorce.
This fear comes down to cash flow. After alimony, child support, employment income, investment income, and basic living expenses, how much money will I have left after the divorce? How much house can I afford? Can I still take trips twice a year? Do I have to fly coach now?
These are real concerns that keep many soon-to-be divorcees up at night. To squash this fear, we create a very simple post-divorce income and expense report for you so you can quickly see how your new finances will affect your lifestyle. We also map out not only what you can afford, but provide an investment plan so you can get the most from your assets.
It’s common and natural to experience a wide range of emotions – from worry to excitement to anger to contentment – when going through a divorce. For the out spouse that isn’t as financially savvy or who wasn’t involved in the couple’s finances, fear and uncertainty regarding money are all too common, but with some financial planning and Pacifica Wealth Advisors on your side, you can feel more confident about your future and your finances.
¹ Leonore J. Weitzman, “The Economics of Divorce: Social and Economic Consequences of Property, Alimony, and Child Support Awards” UCLA Law Review 28 (August, 1981): 1251; Richard R. Peterson, “A Re-Evaluation of the Economic Consequences of Divorce” American Sociological Review 61 (June, 1996): 528-536; Pamela J. Smock, “The Economic Costs of Marital Disruption for Young Women over the Past Two Decades” Demography 30 (August, 1993): 353-371
As a divorce financial planner, we answer these questions
We've been helping people with the emotional and financial aspects of divorce financial planning for nearly three decades.
- What are some steps I need to take financially before my divorce?
- How does a divorce financial planner help me?
- What are some steps I need to take financially before my divorce?
- How does a divorce financial planner help me?
- How do I stay strong during my divorce?
- My divorce is over - what should I do to protect myself financially?
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- How do I stay strong during my divorce?
- My divorce is over - what should I do to protect myself financially?
