Overview of Divorce Planning Services

In your collaborative divorce, Tracy can

• Assist you and your spouse to organize financial information by discussing the financial issues and explaining the nature and sources of financial information needed


• Help you and your spouse to reduce anxiety about the financial issues by informing you and your collaborative attorneys of the various financial and tax effects of possible property division scenarios. This might include individual meetings with whichever spouse desires more confidence and sophistication when addressing financial concerns


• Encourage you and your spouse to design realistic plans for future cash flow


• Meet jointly with you and your spouse to explain financial issues and to help ensure that everyone on the collaborative team is “on the same page”


• Analyze and evaluate financial issues by preparing charts, analyses, financial projections, calculating present and future values, and computing income tax effects


• Provide financial information to you and your collaborative attorneys in a manner consistent with the collaborative process for use in brainstorming property division that addresses the needs your family


• Prepare financial schedules that reflect ideas for property division


• Offer insight on the financial effect of various scenarios, such as long-term options for retaining the home or preparing for eventual retirement.


• Explain the options to consider in cases in which one item dominates the total property, such as a closely held business interest

In your non-collaborative divorce, Tracy can

• Show you the long-term financial implications of your divorce


• Advise you on how to financially prepare for a divorce in Texas


• Prepare financial information and analyses for your Texas divorce lawyer (this will save your divorce lawyer time – which saves you money)


• Work with your Texas divorce lawyer to request the necessary documents


• Evaluate the documents and financial information for the fairest divorce settlement


• Compute the present value of pension benefits, such as TRS, TMRS, ERS and other


• Examine the income tax issues applicable to your divorce settlement situation


• Create and recommend financial strategies for you during and after your divorce


• Trace financial assets, if needed


• Work with your divorce lawyer to create a settlement offer and/or counter-offer that is suitable for your financial security for the next twenty to thirty years of your life


• Analyze and compare subsequent settlement offers for their impact on your financial future


• Provide on-the-spot analysis and recommendations during your divorce mediation meeting


• Work with your divorce lawyer to prepare trial exhibits and provide expert witness testimony, should your case go to court


• Guide you toward financial stability after your divorce

Printer Friendly Article