If you are considering a divorce, you are not alone. Statistics show that almost 50% of all marriages in the United States will end in divorce or separation.1 While divorce is becoming less common for younger adults, rates for those adults age 50 and older has roughly doubled in the past 25 years.2 Given these trends, the need to understand the divorce process becomes that much more important. While most people expect the heightened legal and emotional factors that come with a divorce proceeding, the potential financial complexities are easy to underestimate and yet can be among the most important decisions in one’s lifetime. Therefore, it is important to include a financial professional on your team that specializes in divorce.
Beyond the Divorce Attorney
A divorce attorney is paid to do one thing well – successfully implement a legal divorce for the client. However, a thorough understanding of the financial implications of a divorce is critical to an equitable legal settlement and peace of mind during and after a divorce process. A professional who specializes in divorce financial analysis and planning, such as a Certified Divorce Financial Analyst, or CDFA®, can help you receive a settlement that addresses the full scope of your potential financial needs.
Modera Wealth Management offers its clients access to finance and planning professionals, such as CDFAs®, who are experienced with divorces. Here are several examples of value-added services that a Modera Wealth Management professional can provide during and after the divorce process:
Modera Wealth Management offers a variety of financial planning resources to its clients, including access to divorce specialists such as Certified Divorce Financial Analysts®. If you are considering a divorce, we encourage you to consult your Modera Wealth Manager, who can put you in touch with the appropriate professionals to guide you through the process.
Modera Wealth Management, LLC (“Modera”) is an SEC-registered investment advisor with places of business in Massachusetts, New Jersey, Pennsylvania, North Carolina, Georgia and Florida. Modera may only transact business in those states in which it is registered or qualifies for an exemption or exclusion from registration requirements. SEC registration does not imply any level of skill or training. For information pertaining to our registration status, fees and services, please contact us or refer to the Investment Adviser Public Disclosure web site (www.adviserinfo.sec.gov) to obtain a copy of our disclosure statement set forth in Form ADV Part 2A. Please read the disclosure statement carefully before you invest or send money.
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