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1001 Pinnacle Point Drive, Suite 310
Columbia,
South Carolina
29223
Phone: 803-741-0134
Fax: 803-748-1276
803-308-2147 |
A divorce may seem to be about the past. The emotional turmoil and pain for you and your family may find you repeating that familiar phrase - - “I just wanted to get it over with and move on.” But divorce financial planning is very much about your long-term future and security, and many of the financial decisions you make and their results are permanent.
A divorce can be one of the most financially devastating events that ever faces a family, and unfortunately, the sting of this bite into family wealth very often affects one party unfairly and for many years into the future. It does not have to be this way – but knowledge of the facts with proper planning and analysis by financial experts is key to obtaining the best possible outcome. We are not lawyers nor do we take the place of lawyers. But many divorcing parties incorrectly assume that their attorney is also the financial expert. You certainly do not want to wait until the divorce process is well under way to begin consideration of the financial strategies and repercussions, and in fact, there are some actions which are best undertaken prior to the filing of any action.
Strategic Wealth Partners works with divorcing clients and their attorneys to navigate through the many aspects of the divorce which will impact your financial future including:
⇒ Tips on how to seek out the most suitable divorce attorney
⇒ Locating, collecting, and organizing the financial data you will need
⇒ Uncovering assets which your spouse may not want you to know about
⇒ Financial issues to consider regarding retirement plans
⇒ How to avoid the most nasty and unexpected tax consequences of poorly structured alimony and child support settlements
⇒ Evaluation of earning power, career assets, and retraining needs
⇒ Evaluating different settlement options for their short-term and long-term ramifications on both parties
⇒ Evaluating the tax implications of your decisions
⇒ Looking at the costs and benefits of keeping the home and other assets versus selling them or offering them to your spouse
The financial analysis of various settlement proposals is complex and requires specialized expertise and training as well as sophisticated software which can analyze and predict how specific proposals will impact each party over the long term. This detailed analysis of both short and long-term effects is designed to produce the most desirable outcomes for the parties while reducing the chances of unanticipated and unwelcome surprises down the road.
Barbara H. Saylor is the founder of Strategic Wealth Partners LLC. Barb earned her MBA from the University of South Carolina in 1989 and worked as a financial consultant with E.F. Hutton and Shearson Lehman Hutton in the mid 1980’s. Prior to establishing Strategic Wealth Partners, Barb was well respected for her extensive background in manufacturing finance and cost accounting management in the midlands area of South Carolina. Her expertise in budgeting, forecasting, cash flows, strategic planning, and broad financial analysis and problem solving provides a solid framework and far reaching array of skills for addressing individual and family wealth planning needs.
Committed to providing disciplined and unbiased financial counsel to her clients, Barb’s focus outside of the office is on continuous education and professional development. A Certified Divorce Financial Analyst™ and candidate for the CERTIFIED FINANCIAL PLANNER™ credential, Barb earned the distinction of being the recipient of the first “Gerry Ward Most Outstanding Student” award for the CFP® Certification Education Program at the University of South Carolina. Additionally, she holds a Series 65 license (Uniform Investment Advisor Law) enabling her to act as a Registered Investment Advisor Representative. She is a member of the Financial Planning Association (FPA), the Institute for Divorce Financial Analysts (IDFA), and the Columbia 7 AM Toastmasters Club.
Your initial consultation is offered at no charge and with no obligation.
Please email us or visit our website for additional information.
Articles by Strategic Wealth Partners LLC - Barbara H. Saylor, MBA, CDFA™:
