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Collaborative Divorce Nashville

Middle Tennessee’s Collaborative Practice Group

  • Join
    • Benefits of Membership
    • Regular Membership
    • Student Membership
    • Friend Membership
  • For Professionals
    • Introductory Collaborative Training
    • Beyond the Basics Training
    • Board Members
    • Professional Events Calendar
    • Downloadable Documents
  • Member Login
    • Reset Your Password
  • Home
  • About
    • About The Collaborative Process
    • Benefits of the Collaborative Process
    • About Collaborative Divorce Nashville
    • Board Members
    • Student Members
  • Find a Professional
    • Lawyers
    • Coaches/Facilitators
    • Child Specialists
    • Financial Professionals
  • News and Articles

Divorce and Finances

October 18, 2021 By CDN Staff

During a divorce, individuals are forced to make the most important financial decisions of their lives at a time when they are least able. Collaborative divorce understands the stress that you and your family are facing and is a kinder, gentler, and often a more dignified approach to divorce. Addressing the legal and financial aspects of a divorce can be separate full-time jobs. Splitting assets, estimating child support payments, and calculating retirement needs can be daunting tasks. Having a neutral financial professional as part of the Collaborative team helps to make sure that the financial aspects of the divorce are handled correctly. This includes gathering financial statements and distilling information, creating monthly living expenses, net worth projections, and potential settlement scenarios. If there are complicated tracing or valuation issues, the neutral financial team member may perform the necessary calculations or help obtain the required information from a third party.

The sharing of financial information between spouses and the attorneys is critical to the Collaborative Divorce process. Frequently, a financial professional, rather than an attorney, works as a neutral to ensure that all parties involved have access to the same financial information and understand the tax and other financial implications of the settlement options. It is important that no one feels pressured to accept a settlement offer that he or she does not fully understand. Along with the other information on our website, the following resources are provided to give you more information to consider during a divorce.

Filed Under: News and Articles

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Divorce Information & Articles

Starting the divorce process can be a very daunting task. There are so many decisions to be made, so many factors to consider, and in many cases, other people, such as children, to care for. Tennessee state laws and filings related to divorce, child custody, and financial support are complex. There is a lot of […]

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