Creating the Most Effective Financial Situation
While collaborative divorce proceedings often provide more efficient and less draining resolutions to the dissolution of a marriage, the process still requires extensive information gathering in order to come to comprehensive and amicable agreements on the financial issues relating to the divorce.
Guidance From Experienced Financial Professionals
Fortunately, the Hudson Valley Collaborative Divorce & Dispute Resolution Association offers guidance from experienced financial professionals, who will fill the role of providing neutral advice and education on the financial standing of each spouse while assisting in the collection of all necessary documents and information to allow the parties to make informed decisions.
Advice on Money Related Matters
Serving clients throughout the Dutchess, Putnam, Orange and Westchester, New York, area, the financial professional's role in the collaborative process provides the advice and information spouses need to come to fair agreements on money related matters, giving each party a solid financial footing for the next phase of their lives.
Contact a financial professional from the list below. Or, email the association for more information.
Comprehensive Financial Advice
As a neutral party, the role of the financial professional is to provide direction and assistance in gathering financial material while helping to design realistic budgets and plans for distribution of assets and debts. Their work is designed to help both spouses make informed choices on the financial aspects of the divorce by:
- Information gathering: After gathering all necessary financial information, the financial professional assists in the creation of a financial document that is understandable by all parties in the process in an effort to help clients understand their financial situation, where they are and what the major issues are in their case. In turn, this assists the attorneys in understanding the parties' financial situation, giving them insight on what the financial resources and liabilities are.
- Creative resolution process: One of the roles of the financial professional is to provide advice on tax issues, retirement accounts, debt and home values. In the collaborative divorce process, the couple sits down with the finances, putting everything on the table and out in the open with full disclosure from both sides to remove any distrust or ill will, allowing for a more open and honest negotiation process. The financial professional strives to provide useful advice on these matters, allowing both parties to come to swift and amicable agreements on financial decisions.
Contact a financial professional from the list below or email the association for more information.
Financial Professionals
Drake, CFP, CDFA, Diane G.
diane@summitguide.com
Phone: (845) 473-2121
www.summitguide.com
Durante, CFP®, CDFATM, Mike
mike@dwadvisors.com
Phone: (845) 278-8638
Parish, CFP, CFS, CR PC, Douglas J.
Phone: (914) 777-7526
Prior, MS (Taxation), EA, CFP® ,CDFATM, Mary
divplanner@aol.com
Phone: (914) 686-8066
Simon, CFP, Charles (Chip)
csimon@hvc.rr.com
Phone: (845) 486-5039
www.taconicadvisors.com
Jon D. Tanner, RFC CDFA
jdtanner@summitguide.com
Phone: (845) 473-2121
www.summitguide.com
