How different financial professionals help you navigate divorce

On Behalf of | Apr 3, 2023 | Family Law

Once your Georgia marriage ends, you may find yourself looking at a much different financial future than you were before. A divorce is one of the most significant financial moves you might ever make, and it impacts everything from how much you have in your bank and retirement accounts to how you file and pay your taxes. Because there are so many financial ramifications involved in a divorce, many people navigating them choose to enlist one or more types of financial professionals to join their divorce teams.

According to Kiplinger, many different types of financial professionals may be able to help you in various ways while your divorce is ongoing. For example, you may find it beneficial to work with one or more of the following.

A certified public accountant

CPAs know taxes, and working with one while your divorce is ongoing may help you plan for the tax implications of your split so they affect you only minimally. Some CPAs also train to become forensic accountants. Having a forensic accountant on your divorce team may come in handy if you think your spouse might be concealing assets or income streams from you.

A certified financial planner

CFPs help you outline your future and plan for it financially. They might help you plan for retirement and weigh investment opportunities, among related efforts.

A business valuator

Business valuators help you figure out the true value of business interests. Many divorce-related conflicts arise over business interests and their worth, so having a business valuator step in and assist may help you avoid potentially contentious business-related issues.

These are just a few of the many different types of financial professionals you may wish to work with while working through your divorce.