Southwick, MA – A recent study conducted by Forbes estimated that the average cost of a contested divorce can range between $15,000 and $30,000, with most of that money spent on legal fees. Thankfully, there is a way to make the process more manageable, both financially and emotionally.
Freda Brown is a Certified Divorce Financial Analyst (CDFA) and the founder of Divorce Financial Services, where she works with couples in divorce to navigate the financial issues associated with the division of marital assets and help both parties rebuild their lives on reasonable financial information and planning.
According to Freda, anyone who is thinking about divorce should speak to a financial advisor first.
“The emotions surrounding divorce often cause people to forget the most basic, fundamental things,” says Freda. “I’m a good sounding board. Sometimes it feels like I’m their therapist and not their financial advisor, but that’s a part of the job. You have to listen to their issues and refocus their attention on what’s important to them for their case.”
Any assets accumulated during marriage and divorce are considered marital property and are subject to division. As a result, you can’t take a cookie-cutter approach to a divorce. Everyone’s finances are completely different. Everyone has a different story with different problems.
“I remind myself that these people loved each other at one time,” says Freda. “The hope is they’ll leave that marriage financially healthy and won’t pass on the burden of this experience to their children.”
For more information on Divorce Financial Services, visit www.divorcefinancialservices.net
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