Divorce

Introduction The United States has the highest divorce rate in the Western World, and pecuniary issues atomic number 18 consistently cited as nonpareil of the top 3 reasons couples divorce. Unfortunately, most family law attorneys & divorce mediation professionals do not have the financial background, subject specific education, the financial conference skills, or the comprehensive financial planning beasts to assist clients that set about fair & equitable solutions. When assisting divorcing couples with their financial needs non-financial divorce practitioners each attempt to negotiate family assets one at a metre (with little understanding of the tax consequences of their decisions), or they seek guidance from CPAs, business appraisers, or financial divorce professionals (CFPs, CDFA/ attest Divorce Financial Analysts, Family Law Mediators, etc.). Based on our rate of flow analysis, divorce financial professionals currently use either their own personal financial planning spreadsheets or rely on one of a variety of financial planning tool options that address the clients needs. These financial planning tools can best be categorized as either Modular (a one question, one answer solution) or as Comprehensive (combining multiple questions, evaluates all(a) answers in one single presentation solution).

Two examples of firms that emphasis their attention on the financial planning industry are The Institute of Divorce Financial Planning (IDFP) and Family Law packet Inc (FLS) . The IDFPs primary role is to act as the sponsor & decision maker of the Certified Divorce Financial Analyst (CDFA) program (~ 1700 members), and as a subset of their program they offer their professional students their version of a Comprehensive Divorce Financial Plan. After road interrogatory the IDFPs financial planning software there clearly appears to be a need for a more robust, interactive, and tax irritable planning tool (See Reviewing The Competition, Page 6 & Appendix A)(at this time, we... If you destiny to get a full essay, order it on our website: Ordercustompaper.com

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