|
Mission Statement:
“I help divorcing individuals establish a plan for the future so they can achieve long-term financial security. First I Clarify their financial picture, then explain their options and help them to make informed decisions.”
How We Help:
Through a set of customized tables and graphs explaining your individual situation, Patricia can help you set goals and guide you through the difficult choices involved in divorce settlement. Knowing your financial situation and your goals is the best way to get a divorce.
|
With Patricia’s divorce assistance, you need not go through a divorce feeling alone and powerless. You need not face confusion concerning financial matters, especially during an emotionally charged period in time. Decisions made during the divorce settlement will affect you for the rest of your life.
She is your advocate not only today, but also for the years to come...
Divorce support and financial analysis simplified and objective
|
|
Scenerio 1
|
Based on the net worth from spreadsheets, the above graph shows husband’s and wife’s comparative net worth over the coming 20 years. The husband earns $150,000. The wife earns $50,000. Assets are divided 50/50. The downward slope to her net worth following her retirement indicates a need for adjustment in her financial management or her divorce settlement. Possible solutions include:
1) Dividing the assets disproportionately, with 55% to wife. In Texas, this is often done when the earnings is unequal or the wife has remained with children rather than developing a career. Naturally, this is a matter of negotiations.
2) The wife could reduce her spending in order to achieve a successful financial future.
3) She could purchase a lower priced home than planned.
4) She could delay retirement
5) She could retrain for a more lucrative career.
6) She could receive alimony during the period of retraining. (Again, this is only by negotiation in Texas, since few women qualify for court-ordered maintenance).
______________________________________________________
SCENARIO 2
In this scenario, combinations of solutions are used in order to provide the greatest opportunity for both spouses to achieve long-term financial security:
1) Jane receives 55% of assets.
2) Jane adjusts her spending downward by $200 per month.
3) She sells the homestead when the children leave home and downsizes to a more modest home.
Note that in her 70s her assets are decreasing very slowly, indicating a secure retirement with $1 million in assets.
Since many different scenarios are possible for an individual, it is extremely helpful to have the services of a Divorce Financial Analyst who can calculate the future results of various options. When considering an “offer” from your spouse, wouldn’t it be better to analyze it from a long-term perspective?
|
