Financial Analyst, Accountant may Help During Divorce

By: Vernier & Associates, PLLC | Published 11/18/2019

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The process of getting divorced can be an arduous journey, not only emotionally but also financially. This is especially true for affluent individuals in Texas who have complex marital estates. In this situation, it may be helpful to enlist the help of an accountant or financial advisor, along with a financial analyst who has experience dealing with divorce situations.

For starters, those who are getting divorced may want to touch base with their financial advisors or accountants, as these professionals can help them to understand their past tax situations as well as their current ones. They can additionally provide updates on their portfolio values and holdings. In addition, these individuals may help them to value the additional marital assets that they have accumulated.

Next, a financial specialist can analyze a divorcing individual's financial situation, including his or her assets and liabilities. Then, this information can be presented to the divorcing party to help him or her to make educated decisions regarding his or her financial future. These financial specialists can be helpful because they understand how to address complex compensation matters, for example.

With a divorcing individual's up-to-date financial information, a divorce attorney in Texas can help the individual to make smart decisions regarding matters such as spousal maintenance and property division. For instance, would it be best to keep the marital home, or should the individual take another type of asset instead? The attorney's chief goal is to help the client to achieve a result that will be in his or her best interests, both in the short term and long term.

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