Neutral Divorce Financial Services: San Diego Divorce Financial Planner

California financial divorce planning expert Scott Levin knows that divorce isn’t just about feelings – it’s also about money. Scott Levin is a financial expert for navigating marital dissolution, divorce, or legal separation.

As an experienced near you Certified Divorce Financial Analyst™ Scott Levin helps clients plan your finances during a divorce and talks out solutions through our San Diego divorce financial planner services. Scott wrote a featured article about how to ensure a fair equitable settlement through a CDFA impact in California mediated divorces.

What Are Neutral Divorce Financial Planning Services?

Neutrality in divorce financial planning in California involves a neutral financial expert who knows about money and divorce law and specializes in providing unbiased financial analysis and solutions, ensuring fair outcomes and informed decisions

One big job of a divorce financial planner is to look closely at all the couple’s money. This means checking what they own, what they owe, how much they make, and how much they spend. The planner can show how different choices might work out over time.

3 Benefits of Working with a Neutral Divorce Financial Expert in San Diego

1. Providing a clear picture of finances for both parties.

   A key role of a divorce financial planner is to thoroughly analyze the couple’s complete financial situation. This includes reviewing their assets, debts, income, and expenses. By doing so, the planner provides insights into how various decisions made during the divorce process can impact each party’s financial future.

2. Offering tax-efficient solutions for dividing assets.

   We find that having a financial planner in settling divorce leads to better agreements. It’s not just about splitting things fairly – it’s about making a money plan for both people’s futures and the importance of considering the future when dividing assets and debts in a California divorce.
   Divorce isn’t just about splitting belongings up – it’s about setting both people up for success in their new lives. A divorce financial planner can help each person make a long-term money plan that fits their new situation after divorce.

3. Reducing conflict by presenting objective, data-driven recommendations.

   Divorce can be very emotional, and sometimes, these emotions can lead to poor money decisions. A divorce financial planner brings a fact-based view to the process. They can help both people see past their immediate feelings and make choices that are good for their long-term money situation.
   This can be valuable in mediation, where the goal is to reach a friendly agreement. By focusing on the facts about money, a planner can help reduce arguments and keep talks moving forward.

How Neutral Financial Planner Helps Couples in Mediation

Future Impact of Settlement Options

As a neutral divorce financial consultant in San Diego Scott Levin helps evaluate potential outcomes to show what might happen down the road through settlement choices. He helps spot financial problems you might not see right away.

For many couples, this process is a real eye-opener. It often uncovers financial realities that were previously overlooked. For instance, in determining how to divide the family home in a California divorce, if you think keeping the home may be the best choice, a financial planner can project whether it’s sustainable in the long term. These analyses empower individuals to make informed decisions that align with their financial goals and stability post-divorce.

This can be extremely eye-opening for many couples. It often shows facts about money that they didn’t know before. For example, keeping the family house might seem nice, but a financial planner can show if it’s really affordable in the long run.

Planning for Retirement

Often, a big part of a couple’s money is in retirement accounts. Splitting these can be complicated. A divorce financial planner can help look at different ways to split retirement accounts. They think about things like penalties for taking money out early and how long each person has until they retire.

We’ve seen how important this help can be in making fair agreements. Fair agreements include making sure you divide the community value of your retirement accounts and avoid including the separate values which requires you to calculate separate property in a 401k.  A financial planner can help make sure both people are on track for a good retirement, even after splitting their money.

Making a Budget for After the Divorce

One of the most helpful things a divorce financial planner can do is help each person make a realistic budget for after the divorce. This means figuring out how much money they’ll have coming in and going out, including things like child support and alimony.

This can be challenging, but it’s extremely important. It helps both people understand what their money situation will be like after the divorce. This can help them make better decisions about splitting assets and support payments.

 

Coming Up with Creative Solutions

A divorce financial planner plays a crucial role in this process by offering creative financial strategies that the couple might not have considered. They might also have useful ideas for dealing with shared debts or handling complex things like stock options or businesses.

For instance, a financial planner can propose tax-efficient ways to divide property or structure support payments, potentially saving both parties money. They can also provide valuable insights into managing shared debts or navigating complex financial matters, such as dividing stock options or valuing and distributing business interests. These tailored suggestions not only help resolve disputes but also set the stage for financial stability post-divorce.

Giving Both People Power

In many marriages, one person handles most of the money stuff. This can make the other person feel at a disadvantage during divorce talks. A divorce financial planner can help even things out by making sure both people understand their financial situation and what different choices might mean.

At San Diego Divorce Mediation & Family Law, we believe that when people understand things better, they make better choices. By working with a financial planner, both people can feel more in control and make decisions they’ll feel good about later.

Longterm Financial Planning for San Diego CA

This might include ways to build up savings again, change how they invest their money or plan for big future expenses like kids’ college. By thinking beyond just the divorce agreement, a financial planner helps make sure both people are on solid ground moving forward.

 

Why Choose Us for Impartial Divorce Financial Planning?

If you’re thinking about divorce in California, having our neutral divorce financial planner involved can be a smart move. Scott Levin’s knowledge as both a California divorce lawyer and a Certified Divorce Financial Analyst™ lets him serve as an impartial financial expert to guide you into a fair settlement. We can help you understand how your divorce will affect your money and work towards an agreement that protects your financial future.

Remember, the financial choices you make during your divorce can affect you for a long time. Don’t try to handle this tough process alone. Reach out to us at San Diego Divorce Mediation & Family Law. Call us at (858) 255-1321 or use our online form to set up a meeting. Let us show you how having both legal and financial professionals can lead to a smoother, fairer divorce process.