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Q: I just want my lawyer to handle all my financial issues. Isn't that the best thing? A: Most family law practitioners are strong in negotiation skills, in planning strategy, and in counseling. But finances are a different ballgame altogether. You can make a huge difference in the financial outcome of your case by getting involved in the financial aspects. Q: My finances are pretty simple. Do I need to do financial planning?A: Yes. Smart financial planning can make a big difference, even in simple situations. You can come out way ahead if you use a financial planning process to plan now for college down the road, to figure out what to do with your home, to deal with existing debts, to figure out a reasonable alimony amount, to deal with a pension or retirement savings, to deal with mutual funds and stocks that have gone up in value, and on and on. You are almost guaranteed to come out ahead if you tackle these financial planning questions at the time of the divorce, as opposed to ignoring them. Q: I don't care what it costs -- I just want out of this marriage. Why should I spend my time on financial planning? A: You can get a divorce two ways: with adequate financial planning or without. In both cases, your marriage will end. But you'll be a lot better off if you go the planning route and have a financial plan to deal with the coming squeezed financial circumstances. Q: I'm too stressed to think about finances right now. What can I do? A: You can hire a financial planner or an accountant to help you. Or, you can walk step by step through the issues with a computer program such as the Family Law Software Planner The Family Law Software Financial Planner and Divorce Calculators are designed to work with people who know nothing about finances. Step by step, these programs help people get answers and negotiate on an equal basis with the more financially-sophisticated partner. The Family Law Software Planner and Divorce Calculators are also designed to be used by financially-savvy people to explore alternatives, cut taxes, and prepare a thorough financial plan. Back to main Finance Page | |||||||||||||||||||||||||
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