Cash Flow: Why does it matter?
Why is good cash flow important? A workable financial settlement plans for a smooth flow of cash in and out to maintain a reasonable lifestyle. Will your proposed settlement provide you a regular cash flow to meet those needs? A Certified Financial Divorce Analyst® CDFA™ can work with you to initiate a lifestyle plan that demonstrates whether a proposed financial settlement will cover your cash flow needs. Together you determine your income and expenses and use that information to determine monthly and annual needs. Download our Lifestyle Planner to begin planning.
Your CDFA™ will evaluate your financial settlement proposal to see if it meets your needs. She will discuss with you the pros and cons of a proposed financial agreement and provide modification options and/or suggestions that you can take to the negotiating table for further discussion.
Divorce Money Questions to Consider
Divorce comes with many money questions that need answering before you agree to a marital settlement. You will have questions of your own, but here are a few typical divorce money questions worth thinking about:
- What will I live off during the divorce process?
- Will there be enough money to live on after the divorce?
- Will I have to change my lifestyle?
- Will I be able to keep the house?
- Will I have enough money without getting a job?
- What happens if I need a job to make ends meet? I am unskilled.
- Will I be able to get job training?
- Will I still have insurance?
- Who pays for our kids’ college?
See our “Things to Consider Checklist” for more considerations.
Divorce Money Solutions Has Answers.
Divorce Money Solutions knows that each case is unique, and there are no easy one size fits all solutions. Many questions will be raised that require answers. At Divorce Money Solutions, our promise to you is that the financial information you provide to us will be thoroughly reviewed and analyzed. After careful planning and consideration, Dr. Gerhart will propose settlement options that are workable and financially sound. The options will be based on those best suited to your specific situation. Pros and cons of each option will be discussed along with “what if” scenarios. At the end of the process, you will be prepared to make informed decisions about your financial divorce settlement and your future.
Your Certified Financial Divorce Analyst® CDFA™ carefully reviews the marital settlement agreement before you sign it. If you choose not to work with a CDFA™, Divorce Money Solutions makes available an “Evaluate Your Divorce Agreement” questionnaire you can download. Take the time to use this tool to assist you in evaluating your agreement. Insure that the marital settlement agreement addresses not only current needs, but more importantly your long-term needs. If it doesn’t, identify the parts that don’t work for you and go back to the negotiating table.
CAUTION: DO NOT SIGN THE AGREEMENT IN HASTE just to have the divorce over. Once both spouses sign the marital settlement agreement and it is filed with the court; it will be difficult and expensive to try to change.