For the divorcing individual or couple, after over 250 cases, Patricia (a Certified Financial Planner) & Lifetime Planning can provide expert divorce support and assistance in:
1.Providing experienced divorce-specific financial advice (readily accessible by phone for consultation)
2.Calculating the economic contribution due to the community or separate property estate. (Table provided). (Sec. 3.401 et seq.)
4.Analyzing the capital gain tax liability of the asset division. (Table created to reflect tax liability for specific assets)
5.Determining separate and community property interests in qualified and non-qualified plans. (Sec. 3.007) (Table provided).
6.Analyzing insurance needs: medical, life insurance, long-term care
7.Establishing a value for a pension or other stream of payments (present value calculations)
8.Analyzing and valuing executive benefits such as stock options, restricted stock or stock appreciation rights (Tables provided).
9.Tracing of community and/or separate property. My associate is an accountant trained in tracing.
10.Calculating future cash flows for a period of 20 years (spreadsheet)
a.To determine the need for or ability to pay alimony.
b.To determine if the homestead should be retained or other assets instead
c.To determine need for return to the work force or to establish a retirement date
d.To assist in establishing a post-divorce standard of living
The long-term cash flow analysis allows the client to make informed decisions as he or she sees the long-term effect of various decisions. At a time when decisions can affect the rest of one’s life, reviewing future effects is crucial.
Testimonial: “After 36 years of marriage, I was faced with divorce and needed to work out a financial settlement and plan for my future. I felt overwhelmed. Patricia compiled for me a comprehensive plan for both the division of assets and the handling of those assets for the future. She is an able mediator and negotiator, and is compassionate, as well as extremely capable. After working with Patricia, I felt confident that I had a lifetime plan that would work well for me. I don’t know what I would have done without her help.” Carol
We offer Financial Panning, Divorce Settlements in Houston TX & the surrounding area:
