Gray Divorce

Although the divorce rate in general is decreasing, divorces among individuals who are 50 years or older has been increasing for a number of years. The financial aspects of gray divorces tend to be more complicated and have higher risks for retirement planning. As a result, it’s important that you build a team of experts to help you develop a plan. In this blog post, I’ll outline the team of professionals you need to successfully navigate your divorce.

Attorney

Most people think that an attorney is the first person they should hire when they are considering a divorce. However, one my greatest assets to clients early in the case is connecting them with other professionals for all of their non-legal needs. Throughout your case, I will coordinate with those professionals to negotiate the best possible deal for you.

When looking for an attorney, you should interview several to make sure you find the right fit. For more information on hiring an attorney, see my blog post here: https://www.oneaccord.legal/blog/2020/3/1/five-questions-to-ask-your-family-law-attorney.

Certified Divorce Financial Analyst (CDFA)

Just like you wouldn’t retire without a financial plan, neither should you get divorced without a financial plan. A CDFA will help you understand the ramifications of the financial decisions you are making during the divorce. To learn more about how a CDFA can help, visit this article: https://institutedfa.com/what-cdfa-1/

Realtor

If you own a home, you will need to determine whether the house will be sold or kept by one party. If the house will be sold, you want to find a realtor who is experienced in selling a house during a divorce.

Mortgage Broker

A good mortgage broker is often overlooked during the divorce process. However, before you sign an agreement for maintenance or refinancing your current home, you need to make sure that you qualify. A mortgage broker will work with your attorney to ensure that the Separation Agreement is written in a way that meets your goals for purchasing or refinancing your home.

Counselor

Divorce is an emotional process. There are lots of decisions to be made and a number of changes. I recommend that clients find a trusted therapist that can help them process the changes coming their way during a divorce.

If you are contemplating divorce, I am here for you.