Undoubtedly, going through a divorce can be an overwhelming prospect for many Pennsylvania residents. Both parties want to be treated fairly and receive everything to which they are entitled. Without a clear financial picture, complex property division can be time-consuming and expensive.
Deciphering a couple's current financial situation is not always easy. The true value of assets can easily elude the parties, making it more difficult to make an educated decision. What may seem like a fair exchange of assets may not be in the long-term. Issues regarding benefits and taxes require careful consideration, particularly since the party receiving the asset is going to have to live with the financial ramifications.
Having help in laying out exactly what the potential pitfalls of each asset are from the outset can take at least some of the guesswork out of negotiating a settlement. This way, a Pennsylvania couple could save both time and money during the divorce and in the future. No decision regarding the division of a couple's property should be rushed, but having all of the pertinent information available can make decisions easier to make.
No one wants to walk away from a marriage feeling as though he or she did not receive the best settlement possible. Complex property division may seem daunting at first, and making an informed decision can be simplified by having the bottom line numbers in black and white. Obtaining assistance in order to understand how today's decisions may affect each party's financial future could be the assurance needed in order to move forward with settlement negotiations.
Source: commdiginews.com, "Five reasons you need to hire a Certified Divorce Financial Analyst", Myra Fleischer, June 11, 2014