Divorce Financial Planning

Posted May 12th, 2011

I am pleased to announce the availability of a financial planning tool for Divorce.

For the first time I have access to a divorce financial planning tool which will enable my clients to see how different settlements will affect them before agreeing to settle. For example, it is able to show the financial consequences of offsetting versus pension sharing or attachment. It can handle maintenance situations or map what happens if one party keeps the marital home and the other the income. Each scenario can be plotted against the other to show which is the most optimum and guidance can be given on the consequences.

I am not aware of any other such planning tool available in the UK and I believe it has particular relevance to Collaborative Law. You can view a dashboard screenshot of the software here which frankly does not do it justice but it gives a decent indication of how visually the software looks.

Effectively, what you are seeing is the two clients’ capital and income positions side by side and as any change is made (e.g. an increase in capital shared to one party) the visual picture changes showing how each client is affected.

It is a superb aid to informed negotiation and agreement.

If this is something you are interested in, please do not hesitate to contact me on 01204 663904 or email phil@thedivorceifa.co.uk

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