Divorce is a very painful subject. God does not desire divorce for His children. Sometimes divorce occurs when we do not want it or ask for it, and it blindsides us. Sometimes it is necessary due to abuse. It hurts and causes feelings of rejection. As much as we want to, we cannot control the other party or their actions. Having gone through a divorce in 2004, I know how divorce can impact family, friends, church communities, and those we love the most. As founder of The Financial Knot, my desire is to be part of the healing process for couples (and their families) when divorce occurs. We are not in the business of promoting divorce! Our clients are many times devastated their marriage is ending, usually after years of therapy.
Many times, one party needs some additional support in a traditional divorce and will hire TFK individually to be their advocate for the financial aspects in their divorce. Traditional divorce many times does not help parties understand how the decisions they are making in their divorce (as life altering as they are) will impact their financial future. TFK’s cash flow analysis illustrating these impacts can assist mediators and attorneys in understanding the effects of a marital settlement on the parties involved and what assets are best for their client to keep or defer. TFK’s services empower clients with a realistic plan for their future. A large part of divorce is financial. Why not have a Certified Divorce Financial Analyst® professional on your team?
Other times, a couple needs a neutral party to guide them jointly in separating their finances. In both instances, as a financial neutral with a couple and as a financial advocate, TFK offers services to help with the financial side of divorce.
More and more, TFK is seeing clients over the age of 60 getting divorced, and sadly, it’s sometimes after being married for more than 50 years. Typically at this stage in life, a couple has significant assets. Special attention must be paid to details surrounding pensions, business assets, real estate including vacation and rental properties, collectibles and even digital assets. Yes, digital assets! Photos and videos are of primary concern for this generation wanting to preserve precious family memories. The utmost care must be taken to insure costs surrounding health care are being addressed appropriately in these “gray” marital settlement agreements. This can be a costly mistake if an experienced financial professional is not involved.
Some may see the term “amicable divorce” as a faux pas, but TFK believes it is possible. Most people do not want to negatively impact their children’s lives or ruin other relationships. By providing thorough analysis, realistic solutions, advice on negotiation, and a shoulder to lean on, we can turn fear and doubt into peace and confidence. We are dedicated to providing kinder, more family-centered advice during the difficult process for all involved, particularly the children.
The Financial Knot seeks to foster peace by offering creative solutions to the financial side of divorce. As a Certified Financial Planner™ professional and Certified Divorce Financial Analyst® professional, my goal is to empower clients with a realistic plan for their future. TFK will be by your side every step of the way as your settlement facilitators.
Investment Advice offered through The Financial Knot, a registered investment advisor.