Financial Planning and Divorce
As a NJ divorce mediator with an MBA in Finance, I know the importance of making sure all of your financial ducks are in a row. That being said, today’s helpful tip is meant to emphasize how a little bit of work upfront can go a long way towards stabilizing your financial future. You see during the divorce mediation process we go through a three step process to make sure we understand all of your assets, properly document them and discuss each one in detail to make sure both parties find the equitable distribution of their marital assets and liabilities well, fair and equitable. Skipping the initial step of understanding just what all we have in front of us is a critical mistake as not putting all of the pieces of your financial puzzle on the table upfront, can lead to trouble down the line. Negotiating in the absence of information just doesn’t make good sense legally or financially. So while you may think my incessant asking for copious amounts of information is excessive trust me: when we look at everything as a whole and can understand the complete financial picture and make informed decisions that are going to affect your financial future for long after you are divorced, you’ll be glad I did.
Questions about equitable distribution? Call me at (908) 864-2177.
Mr. Dillon is one of less than 100 Accredited Professional Mediators in the State of New Jersey having gone through an extensive professional review and credentialing process by the New Jersey Association of Professional Mediators. This prestigious designation puts Mr. Dillon in an elite group of NJ divorce mediation professionals who share an advanced level of expertise and professional experience. He can be reached at (908) 864-2177.
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