Divorce Financial Mediation

A financial mediator is trained to help clients understand the long-term impacts of a property settlement in order to come up with the best solution for all. During financial mediation, a divorce mediator will not offer advice. Instead, they will provide an impartial summary of the effects of proposed settlements. If you are considering splitting property evenly in half, divorce financial planning will be able to illuminate the long-term tax and inflation impacts of this decision which may prove that it is a much less equitable solution than originally thought.

Finances are often a chief cause of marital discord. If the issues are not resolved amicably – this can lead to marital dissolution. Financial mediation can help separated couples navigate these concerns in a way that is less stressful and emotional than the prospect of protracted and expensive litigation. Due to emotional issues inherent to disagreements concerning finance and divorce, monetary considerations only become more complex. Therefore, arriving at an equitable property settlement is one of the most difficult aspects of the process of divorce.

Determining which assets are marital or non-marital, the tax implications of an equal division of assets, award or non-award of alimony and the amount of statutory child support are among just a few of the important financial factors that must be taken into consideration. The process of divorce mediation will involve compiling information as to property and assets such as retirement accounts, pension plans, stocks, investment accounts. A complete picture of a couple’s finances will first be determined before any discussions of property division will be examined. Once an approximate valuation is assigned to all assets and liabilities, financial mediation can begin. A financial mediator is trained to help clients understand the long-term impacts of a property settlement to come up with the best solution for all. During financial mediation, a divorce mediator will not offer legal advice. Instead, they will provide an impartial summary of the effects of proposed settlements.

At Divorce Financial Solutions, Veralynn Morris our certified divorce financial analyst (CDFA®), is our proven expert in financial mediation. She is certified by Institute of Divorce Financial Analysts (IDFA)and has successfully assisted numerous clients with completion of mediation. She also participates in continuing education and training opportunities to sharpen and build her expertise. Veralynn leverages over three decades of experience with providing clients unbiased and impartial help with the disposition and allocation of financial assets. She is uniquely equipped to help separating couples navigate their unique divorce needs by analyzing tax consequences, providing immediate and future solutions for financial planning and to craft settlements that are fair and equitable for all involved parties. During the mediation process, Veralynn Morris acts as an impartial educator to aid in considering the benefits and drawbacks of various proposed settlement agreements. With Veralynn’s guidance, financial mediation becomes a productive, respectful, and collaborative process where both parties take an active role in choosing a fair way to divide their assets. With Veralynn Morris and Divorce Financial Solutions, parties will be able to explore the holistic consequences of various agreements. As a result, parties are empowered to make informed decisions as to which terms serve the best interest of the parties.

What is financial mediation?

A financial mediator is trained to help clients understand the long-term impacts of a property settlement in order to come up with the best solution for all. During financial mediation, a divorce mediator will not offer advice. Instead, they will provide an impartial summary of the effects of proposed settlements. If you are considering splitting property evenly in half, divorce financial planning will be able to illuminate the long-term tax and inflation impacts of this decision which may prove that it is a much less equitable solution than originally thought.

Divorce mediation will take all of your property and assets into account, including retirement accounts, pension plans, stocks, investment accounts, and more. A complete picture of a couple’s finances will first be determined before any discussions of property division will be examined. Once approximate valuation is assigned to all assets, financial mediation can begin. During this process, your CDFA® will act as an impartial educator who will help you consider the benefits and drawbacks of various settlement agreements. Financial mediation should be a productive, respectful, and collaborative process where both parties take an active role in choosing a fair way to divide their assets. You will be able to explore the holistic consequences of various agreements so you have the knowledge you need to make a fully informed decision.