During the COVID-19 pandemic we are maintaining our regular business hours. For the safety of our staff and clients we are conducting business by telephone.

Focused On Your Family.
Focused On Your Future.

How different financial professionals help you navigate divorce

On Behalf of | Jul 25, 2023 | Family Law

It is normal for emotions to run high amid a Virginia divorce, but it is important that avoid letting your emotions get in the way of the many things you need to do before starting a new life on your own. Getting your financial ducks in a row is a necessary part of any divorce, and you may find it helpful to enlist one or more types of financial professionals to help you do so.

According to Kiplinger, a divorce is the most significant financial transaction most people ever face. Because the stakes are so high when a marriage ends, you may want to ask one or more of the following financial professionals to help you navigate your split.

A business valuator

Not everyone working through a divorce needs a business valuator. However, if you, your spouse or both have ownership in one or more businesses, hiring a business valuator may prove beneficial. This professional helps you figure out what your business is worth and may also recommend specific ways to divide its value between you.

A Certified Public Accountant

You may find it useful to work with a CPA when you split from your spouse, especially if your spouse handled taxes in the past. A CPA should be able to help you figure out how your tax obligations change once you file as a single person rather than a married one.

A Certified Financial Planner

The role of the CFP is to help you plan for a successful financial future. He or she may focus on building retirement savings or mitigating investment risks, among related areas.

While these are a few of the financial professionals you may need when you divorce, this is not a comprehensive account of all types that might assist you.