New Leaf Financial Advisory can help clients navigate through the divorce process by providing assistance, advice and analytical support along the way. At each step of the process, we work to answer your most immediate needs and pressing questions:

STEP I: WHAT IS MY CURRENT FINANCIAL POSITION? WHAT DO MY ASSETS AND LIABILITIES MEAN TO ME? WHAT DO I NEED TO LIVE ON?

  • -Organize and evaluate assets and liabilities and present them in concise financial statements.
  • -Identify marital (community) and separate property.
  • -Perform lifestyle analysis.
  • -Establish realistic budgets, including determining immediate needs.
  • -Prepare required Family Law Disclosures.

STEP II: WHAT WILL LIFE LIKE LOOK LIKE FOR ME AT THE END OF THIS PROCESS?

  • -Discuss and prioritize lifestyle and financial goals.
  • -Estimate future earnings potential.
  • -Anticipate future expenses (obligations).
  • -Discuss retirement goals and resources.
  • -Establish “income available for support” and maintenance needs.
  • -Develop financial projections of the use of resources over lifetime.

STEP III: HOW DO I EVALUATE AND NEGOTIATE SETTLEMENT PROPOSALS?

  • -Evaluate financial and tax implications of a proposed division of assets.
  • -Perform before and after-tax analysis of property settlement (transfer and/or sale).
  • -Compare and evaluate settlement scenarios.
  • -Analyze long-term cash flow and net worth.
  • -Determine maintenance/child support trade-offs.
  • -Project long term effects of financial settlement alternatives.
  • -Detail and discuss pros and cons of various settlement options.
  • -Create personalized reports that illustrate current and future financial status.

STEP IV: NOW THAT IT IS OVER, IS MY FOUNDATION SET FOR THE FUTURE?

  • -Discuss and prioritize financial goals for the new road ahead.
  • -Create systems and bookkeeping to manage revised budgets.
  • -“Clean up” after the divorce: evaluate insurance, beneficiaries, trusts etc.

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We recognize that couples often play different roles in relationships and have different comfort levels with respect to financial matters within a marriage. We work to ensure that the right balance is established through education and guidance. In this way, you develop the confidence to make informed decisions about your future and efficiently move towards resolution.