For The Divorcing Client

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How We Can Help
Planning For Divorce FAQ's
How We Can Help
Divorce is never easy.

There are often difficult issues that must be resolved. You and your attorney need to create a solid game plan with a clear goal in mind. You will need professional support as you enter mediation, collaboration, divorce court, or a settlement.

The HMS Financial Group Circle of Support, led by Barbara Shapiro, CFP® Certified Divorce Financial Analyst and Registered Investment Advisor, will be your advocate. We work closely with you and your attorney to lay the financial groundwork for your transition from marriage to your new life. The Circle of Support can make it possible for you to have confidence and peace of mind as you move forward.

Even if your divorce is amicable, your spouse may have retained a highly qualified attorney and a financial advisor. You deserve the very best financial advice to ensure that you receive a fair and equitable settlement. We strive to meet every challenge as we guide you through the divorce process and help you plan for the future.

With the Circle of Support on your side, you will receive professional accounting, tax, and asset management advice.

We make every effort to:

  • Evaluate your personal assets
  • Determine your spouse’s assets
  • Analyze the value of shared assets, such as your house and securities

We provide advice in key areas:

  • How assets can be equitably divided
  • When “equal” does not mean “equitable”
  • Selling or retaining the house
  • Insuring and protecting child support and/or alimony plans
  • 529 college savings plans
  • What you should expect to keep
  • What your spouse may expect to keep

We plan for your future:

  • Your financial rights and responsibilities
  • Tax and estate issues
  • Your personal household budget
  • Your investment plan
  • Financial planning for your children

You’ll begin your new life with:

  • Peace of mind
  • A financial plan for the future
  • The knowledge that you have made the best possible decisions for you and your family

Contact HMS Financial Group today for your initial consultation. We look forward to hearing from you.

Planning For Divorce FAQ's
What is a Certified Divorce Financial Analyst?

Someone who has a strong financial background and trained to look at various aspects of the divorce process from a financial perspective.

What are the typical issues?

  • Alimony vs. child support. Alimony is tax-deducted by the payor and taxable to the recipient, whereas child support is neither.
  • Whether to sell the house or keep the house.
  • How to divide retirement assets while keeping long term life goals in mind.

Whom do you work for?

I can be hired by an attorney or I have been hired by the client. But I always work with the attorney, no matter who hires me.

Whose side are you on in a divorce?

If you are my client, I am on your side, part of your team. I work for either party. It’s not “How can I get that man or woman”. It’s about dividing property equitably so that both parties can get on with their lives.

Why not just have the lawyer do it?

Attorneys are not necessarily trained to handle the present and future financial complexities. I am a support to the attorney.

What is the biggest financial challenge that is typically faced by couples going through divorce?

Unequal knowledge and understanding of financial issues. Significantly greater knowledge of finances by just one partner puts the other person at a disadvantage. It is important that the financially less knowledgeable partner has help getting up to speed.

What is the most prevalent danger of not planning the financial split in a divorce?

  • Taxes. Someone who has not done adequate divorce planning may find surprises at the other end. If it’s done properly, taxes cannot be eliminated but they can be mitigated.
  • Another danger is getting control of an asset that you cannot support.