Is There a Divorce in Your Future? How a Divorce Financial Planner Can Help You

Whenever I read the statistics on divorce in the U.S. , I still find the numbers of failed marriages quite astounding. Although recent studies show that somedivorce marriages seem to be holding together better than in prior decades, the fact is that 50% of first marriages still end in divorce. For second marriages and third marriages the divorce rates are 67% and 74% respectively.  -With statistics like these, it’s likely that one or several of our own family members has been (or will be) divorced.

Divorce often presents a set of extremely difficult challenges for divorcing couples, their children and extended families. While dealing with strong emotions and often very painful family adjustments, there is always the ‘money part’ of  the divorce. For my readers who are not aware, there is professional help available for you when it comes to working through the financial aspects of divorce. There are financial specialists called Certified Divorce Financial Analyst™s who are trained to help you and your attorney with the financials of divorce.

What Does a Certified Divorce Financial Analyst™ Do?   

Money woman photo Certified Divorce Financial Analysts™ are trained to advocate for both men and women. Our main goal is to help our client to achieve an equitable financial settlement –equitable meaning fair, not necessarily equal. Because the financial aspects of a divorce can be complex, we play a role in helping our clients and their attorneys through the financial issues related to divorce.

Common Divorce Settlement Mistakes an Expert Can Help You to Avoid 

There are many potential pitfalls when working on a settlement proposal. Some common mistakes include:

  • Negotiating to keep the home when the client can’t afford
  • Not understanding the capital gains taxes on the sale of the marital home or how the sale might impact both parties 
  • Not looking at the long-term impacts of proposed settlements
  • Thinking that retirement assets have the same value as an equal dollar amount of non-retirement assets

Jane Nowak CFP CDFAJane Nowak   is a CERTIFIED FINANCIAL PLANNER™ and Certified Divorce Financial Analyst ™ at Kring Financial Management in Atlanta, GA.  Jane is a Retirement Specialist and Divorce Financial Analyst who provides financial planning for clients in their prime. 

 She has recently had articles published or has been quoted in articles that have appeared online at the NASDAQ, Yahoo Finance,, Smart Money Chicks, Fox Business News,, U.S. News &World Report, Financial Planning Association (FPA) and Equifax Personal Finance blog web sites.  

Securities offered by Triad Advisors, Inc. member FINRA/SIPC


2 Responses to Is There a Divorce in Your Future? How a Divorce Financial Planner Can Help You

  1. When I originally left a comment I seem to have
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