(Excerpted from a 2008 white paper by Debora May, CPA, CFP, CDFA; Cynthia Zagorski, CPA, CFP, CDFA; and Jane Ochsman, CPA, CFP, CDFA)
The financial neutral on a collaborative divorce team works very closely with the divorcing couple and the team members to bring clarity and understanding to the family’s finances with the goal of helping the couple achieve a mutually agreeable settlement that works for the family […].
The FN obtains a general overview of the assets, liabilities, income and expenses, and provides guidance to the clients as to what documents and information they will need to provide […].
The FN will schedule three-way meetings with the clients in order to review the financial data, add, update and clarify information, and identify issues and questions to consider […].
The FN will assign “homework” as needed and keep the team informed of the status.