We Can Seek Justice Together

Do you need a financial advisor on your divorce team?

On Behalf of | Jun 15, 2022 | Divorce |

When you split from your Florida spouse, you may wonder what your financial future is going to look like in the absence of your former partner. Depending on the specifics of your situation, it may serve you well to think about whether to make a financial advisor a member of your divorce team.

Per U.S. News and World Report, the job of a divorce financial advisor is to help you navigate asset division and other financial elements of your divorce while giving you your strongest shot at financial success after your split.

When you might need a financial advisor

If you were in a high-asset partnership, it may benefit you to enlist the aid of a financial advisor. The same holds true if you suspect your ex is not going to be upfront with you about the assets he or she has and where they are. You may also want a financial advisor’s help if you have to split assets that are difficult to evaluate, as many financial advisors have special training in these areas.

What a financial advisor might do for you

Your financial advisor should be able to help you plan for the future and anticipate the future impacts of the financial decisions you make while your divorce is ongoing. He or she may also help you identify your financial goals and put plans in place to help them come to fruition. For example, if you are nearing retirement and have concerns about having enough in retirement funds, your financial advisor may be able to help you come up with ways to generate more wealth for retirement.

It is worth noting that the role of the financial advisor is not to give divorce or tax advice but rather to help you plan for your financial future without your one-time partner.