How do you use a Financial Advisor in a Collaborative Divorce?
Welcome to Splitsville | Navigating Divorce in a Modern World
Release Date: 04/29/2019
Welcome to Splitsville | Navigating Divorce in a Modern World
Divorcing couples often find themselves at a loss when trying to determine how to handle what is often their largest asset, the family home. Who stays in the home? What does the person who is leaving the home do for a substitute home? How do you finance these decisions?
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In this episode, Leigh Sellers speaks with Hollie Bennett of Palmetto Guardian and Adoption Services about her work as a guardian ad litem. They examine what the position of a guardian ad litem entails and their various responsibilities related to child custody cases. Guardian ad litem are assigned by the court to advocate for the children, conducting a fair, balanced, and impartial investigation by collecting information through interviews, home visits, and other means.
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The world has been facing a public health crisis that has caused significant economic changes and uncertainty. In the first two quarters of the year, families that are both intact and separated are facing increasing financial problems and struggles. More so for the latter, if one parent is obligated by the court to pay child support. But, with the ongoing pandemic, are there laws in place that allow for modification of child support?
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One of the more prominent narratives surrounding separation and divorce involves ex-spouses being at each other’s throats and constantly arguing with one another. Such a hostile environment not only affects the former couple but negatively impacts their children as well. While separation and divorce are difficult for everyone involved, a happy co-parenting ending with your ex is a very real possibility.
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The outcome of divorce and custody cases isn’t just dependent on your attorney or the judge. Believe it or not, your attitude and decisions during the whole process are going to affect how it all works out in the end. You have a lot of control over your own success, and the divorce attorney is there to guide you along the way in terms of the legal implications and ramifications of your situation.
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Child custody cases are often the toughest types of cases that go through family court. Far too often, those cases involve parents with alcohol and substance abuse issues. Some states, including North Carolina, allow for alcohol monitoring systems in child custody cases. In this episode, we talk with Chris Beck of Soberlink, a modern tool that helps parents struggling with alcohol abuse stay involved in their children's lives.
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Child custody cases are often the toughest types of cases in family court. Frequently, lawyers must call upon experts outside the legal field for assistance. In this episode of Welcome to Splitsville, we explore what a custody evaluation is, who is involved, and how it can affect your child custody case.
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On this episode of Welcome to Splitsville, we explore what a divorce coach does and explore how utilizing a coach can help you navigate your divorce. Today's conversation is with Sandra Lee, a divorce coach in Charlotte, NC, with more than 20 years of experience.
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You did the proposal, the ring, and the "yes!" Now, you're attacking your wedding planning To-Dos. The modern wedding planning to-do list frequently includes some variation of "discuss getting a prenup." On this episode of Welcome to Splitsville, we explore the question of whether you need a prenuptial agreement or "prenup."
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Often a breakup is too stressful for a person to handle on their own. Divorce attorneys are often asked for recommendations on finding a good therapist. On this episode of Welcome to Splitsville, we explore how to pick a therapist and the therapist's role in helping you through a divorce.
info_outlineDivorce does not have to be an exclusively adversarial process. Today, collaborative divorce is becoming more mainstream and in this episode of Welcome to Splitsville, we explore the benefits of using a financial advisor in a collaborative divorce. Today we're back with Beth Gregg, Wealth Manager, CDFA, Financial and Divorce Planner, and Managing Partner at Fairview Strategic Partners. If you are a couple who have decided to take the mostly non-adversarial road through Splitsville, our conversation on the benefits of using a financial neutral in the collaborative divorce process is for you.
In a collaborative divorce, the role of a financial neutral is to work with couples in an impartial way to produce financial documents that can be used by attorneys to craft good Separation Agreements. 2:25 Working with the couple and both attorneys through a free flow of information among all parties, financial neutrals gain a clear picture of the couples financial life prior to divorce allowing the parties to use that information advocate what they will need in the future post-divorce. 8:37
Beth discusses how she supports couples in making smarter decisions on how to split assets and how to best prepare for a financial crisis should one arise during the divorce or post-divorce. 17:17 Beth also explains how the process for a financial neutral differs for collaborative cases versus contested cases and how having a financial neutral look over the final agreement as can happen in collaborative cases is a real benefit to both parties in many cases. 20:58
Finally, Beth outlines a number of things a financial neutral is not allowed to do after they've helped a couple through a collaborative case. 26:00
You can connect with Beth Gregg at FairviewStrategicPartners.com and 704.247.9494.
Beth Gregg, Wealth Manager, CDFA, Financial and Divorce Planner, and Managing Partner at Fairview Strategic Partners, and with LPL Financial. Securities are offered through LPL Financial, member of FINRA, SIPC.
If you have questions about the collaborative divorce process consult a local family law attorney. If you are in North or South Carolina, you can contact Leigh Sellers and her team at www.TouchstoneFamilyLaw.com or call 704-936-0062.
The insights and views presented in “Welcome to Splitsville” are for general information purposes only and should not be taken as legal advice for any individual case or situation. Nor does tuning in to this podcast constitute an attorney-client relationship of any kind. If you’re ready for compassionate and reliable legal guidance on your journey through divorce, contact Leigh Sellers and her team at www.TouchstoneFamilyLaw.com