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Should You Hire a Financial Advisor During Your Divorce?

Wheaton divorce lawyersMost divorcing parties know that an attorney can benefit them during a divorce, but few understand the role or importance of a financial advisor. Able to examine your financial situation and work closely with you and your attorney, these professionals are known for their ability to plan far into the financial future. Learn how having both a financial advisor and an attorney during your divorce may improve your life, long after the divorce is over.

What Does a Financial Advisor Do?

Financial advisors, such as Certified Public Accountants (CPAs) help individual’s make smarter decisions with their money. That can include large sums of money, but it can also pertain to one’s monthly or annual cash flow. For example, an advisor may notice that you are spending a lot of extra money on various memberships that could be combined to offer the same benefits at a lower price. They can also search for spending patterns that may be hindering your ability to reach or maintain financial stability. A financial advisor may even be able to provide you with the knowledge and tools that you would need to achieve a financial status that goes beyond survival and stability to create a sustainable source of future wealth (i.e. starting an investment portfolio to fund your retirement).

Should You Hire an Advisor During Your Divorce?

The assistance of a financial advisor may not be needed in every divorce case. In fact, some divorcing couples may have few (if any) assets to divide in their divorce. Yet, even when there is only a modest settlement, parties may benefit from the aid of an experienced CPA or another type of financial advisor. Still, the decision to hire one is solely yours. Another decision that you must make is whether you will seek the assistance of an attorney during your divorce.

Just as hiring a financial advisor can help improve your financial future, so can an attorney. Able to protect your rights and ensure the marital estate is accurately valued, a skilled divorce lawyer can negotiate the most favorable settlement possible in your case. Ideally, this would give your financial advisor more money to work with when assisting you with a financial plan.

Contact Our Wheaton Divorce Lawyers

At Davi Law Group, LLC, we work to ensure all our clients’ needs are met – and that includes ensuring you know the benefits of a financial advisor during and after a divorce. We work with you, every step of the way, to increase your chances of a favorable outcome and improved financial future. No matter what the situation, we aggressively pursue the best settlement possible. Schedule your personalized consultation with our Wheaton divorce lawyers to get started. Call 630-580-6373 today.

Source:

https://www.forbes.com/sites/robclarfeld/2017/11/28/considering-divorcing-your-single-most-important-decision/#20b543882074

 

Abraham Lincoln A lawyer’s time and advice are his stock and trade. -Abraham Lincoln
Warrenville Office
Address28371 Davis Parkway
Suite 103
Warrenville, IL 60555
Phone(630) 657-5052
Fax(888) 350-9195
Wheaton Office
Address1776 S. Naperville Road
Building A, Suite 105
Wheaton, IL 60189
Phone(630) 580-6373
Fax(888) 350-9195
Chicago Office
Address321 N. Clark Street
Suite 900
Chicago, IL 60654
Phone(312) 985-5676
Fax(888) 350-9195
Joliet Office
Address58 N. Chicago Street
7th Floor
Joliet, IL 60432
Phone(815) 582-4901
Fax(888) 350-9195
Davi Law Group, LLC handles family law, estate planning and real estate matters for clients in Chicago and throughout the western suburbs including DuPage County, Will County, Kane County, Kendall County and Cook County and the cities of Aurora, Bloomingdale, Bolingbrook, Carol Stream, Darien, Downers Grove, Elmhurst, Geneva, Glen Ellyn, Hinsdale, Joliet, Kendall County, Lisle, Lombard, Naperville, Oak Park, Oak Brook, Oswego, Park Ridge, Roselle, St. Charles, Villa Park, Warrenville, Wheaton, Winfield, Woodridge and Yorkville, Illinois.
Warrenville Office
Address28371 Davis Parkway, Suite 103, Warrenville, IL 60555
Phone(630) 657-5052
Fax(888) 350-9195
Wheaton Office
Address1776 S. Naperville Road, Building A, Suite 105, Wheaton, IL 60189
Phone(630) 580-6373
Fax(888) 350-9195
Chicago Office
Address321 N. Clark Street, Suite 900, Chicago, IL 60654
Phone(312) 985-5676
Fax(888) 350-9195
Joliet Office
Address58 N. Chicago Street, 7th Floor,
Joliet, IL 60432
Phone(815) 582-4901
Fax(888) 350-9195
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