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Tracy Stewart, CPA
  • (979) 324-8179
  • (979) 324-8179
  • Location
  • Contact
  • Menu

Tracy Stewart, CPA

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  • (979) 324-8179
  • (979) 324-8179
  • Location
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Peace of mind through financial clarity.

Preparing to Negotiate a Divorce Property Settlement

October 2, 2014 by Tracy Leave a Comment

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Individuals going into a divorce property division negotiation rarely understand how just a few details can have a substantial financial affect on their future. You can avoid bad luck by having a strong grasp on the nuances of property division. The quickest and most efficient way to get this knowledge is to work with a divorce financial adviser.

  • Be sure you hire one who is also a CPA. The income tax issues can be complex.
  • Look for a CPA who also holds a CDFA – Certified Divorce Financial Analyst because they specialize in divorce financial issues.
  • Tell your adviser everything about your property. If you are not a divorce expert yourself, you are not going to know which details are critical and which are not.
  • Ask your divorce financial adviser to work up a couple of property division scenarios. You need to see how various options affect your financial outcome.
  • Know that during negotiations you will need to compromise on something. Talk with your adviser about the effects of giving up on this or that option. Take notes.
  • Familiarize yourself with the mediation process.

Filed Under: Assembling Your Data, Dividing Money and Property, Financial Considerations, Working with CPAs

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