Successful Divorce Outcomes Require Targeted Strategies
Divorce can significantly impact your legal, financial, and personal life. At Breakwater Capital, our mission is to add value and bring a sense of calm during this challenging time. Led by Certified Divorce Financial Analyst® (CDFA®) Madeline Barconi, our team is here to help you navigate the financial complexities of divorce and secure your financial future.
Common Financial Questions During Divorce
Divorce often brings up numerous financial questions, including:
- How do I secure my financial future during divorce?
- Can I stay in the family home and provide for my kids?
- How much should I save monthly during and after divorce?
- How do I get a mortgage in my name after divorce?
- Is my current lifestyle sustainable post-divorce?
- What happens to our retirement accounts after divorce?
- How do I value and divide property?
- Is my proposed settlement equitable?
How a CDFA® Professional Can Assist
A CDFA® professional offers specialized expertise on financial issues related to divorce, providing critical support for both you and your attorney. Here’s how we can help:
Dividing Property: Understand the short-term and long-term effects of dividing property during divorce. We provide clarity on property settlements to help you make informed decisions.
Tax Issues: Navigate significant tax implications of divorce. Our experts ensure you understand how different settlement options will affect your tax liability.
Pension and Retirement Plans: Analyze pension plans and retirement accounts. We calculate their present value and help you understand their role in your financial future.
Marital Home: Determine the cost basis and capital gains on the sale of the marital home. We evaluate if you can afford to keep it and provide alternatives if you cannot.
Insurance Needs: Assess your insurance requirements and determine eligibility for COBRA coverage.
Earning Capabilities: Evaluate earning potentials and establish assumptions for inflation and rates of return, giving you a realistic view of your financial future.
Financial Impact: Provide data on the financial effects of different divorce settlements to help you make educated decisions.
Tax Laws: Our deep knowledge of tax laws specific to divorcing couples ensures you avoid unnecessary pitfalls.
How We Work With Clients
Data Collection: Gather income and expense information to prepare accurate financial affidavits.
Goal Identification: Help you identify and prioritize your future financial goals.
Budget Development: Develop a detailed budget that considers your retirement objectives and investment risk tolerance.
Lifestyle Assessment: Work with you to identify a realistic and sustainable lifestyle post-divorce.
Educational Planning: Determine the kind of education you want for your children and how to achieve it.
Benefits of Hiring a CDFA® Professional
Empowerment: Conducting a financial analysis early in the divorce process can save time and empower you to make educated decisions.
Clarity: Gain a clearer view of your financial future and avoid unnecessary legal costs by making informed decisions.
Education: Explore potential long-term financial pitfalls related to separation agreements. Understand that equal does not always mean equitable, especially in dividing tax liability.
Planning: Develop detailed household budgets when considering a financial settlement, including expenses related to life insurance, taxes, and cost of living increases.
Future Outlook: Reduce false expectations surrounding divorce and ensure a stable economic future by making sound financial decisions during the process.
Meet Madeline Barconi, CFP®, ChFc®, CDFA®
Madeline Barconi is a Certified Divorce Financial Analyst® with a steely demeanor and tenacious spirit. She helps clients navigate the various financial aspects of divorce, providing comprehensive financial plans that consider cash flow, assets, settlement amounts, and maintenance. Investment growth, inflation, and expenses are all included in a detailed financial projection post-divorce.
Partner with Breakwater Capital to secure your financial future during and after your divorce. Contact us today to learn more about how we can help you navigate the financial challenges of divorce.
