 |
A Financial Divorce Plan Plan For A Bright Financial Future! Many divorce settlements have left individuals with no hope of future financial security. Yet, if these individuals could look into the future and see the long-term effects of the final settlement, their chances of having a bright financial future would have greatly been improved! Our specialized software enables individuals to visualize the future results of the settlement. This can lead to settlements between parties instead of lengthy and expensive court trials, less anger and bitterness as each party takes part in the decision-making process, and less upset for the children. If you engage us to do a complete analysis of your proposal, we will generate schedules that include the financial status, cash flow, and net worth of each individual spouse, and various settlement scenarios in columnar and graphic formats. Nicole and Tom Case Study This Case Study will show you how our services can lead to a more equitable financial settlement. Case Facts: Tom and Nicole are ages 51 and 47 respectively. They have been married for 26 years. Tom is a computer consultant and makes $120,000 annually. Rather than pursue her interest in nursing, Nicole decided to devote her time and attention to their only child, who is now 23 years old and married. Nicole is also very active in the community and feels that she could work part-time and earn $25,000 annually. She would like to stay in their home and continue to devote more time to the Community. Initial Offer: Nicole will own the house ($100,000 equity) and $60,000 of cash savings. Tom will get the remaining $160,000 thus dividing the assets equally. Tom will pay alimony of $6,000 per year for five years. Tom earns $100,000 annually and Nicole earns $25,000 annually. The chart below shows the consequences of Tom’s offer. Within 6 years, Nicole’s assets are declining (even her home equity) and, in fact, she will face a severe cash shortage. Tom’s net worth continues to climb.
Using our sophisticated Divorce Planning Software and an in-depth analysis of the income tax and financial implications of the assets to be divided, we can present a more equitable financial scenario in which both parties will prosper.
This solution shows how a change in alimony along with an adjustment in the distribution of assets can produce a more favorable financial result for both Nicole and Tom! The divorce process is challenging; however, with the right help there are ways to reduce the negative financial impact so you can start your new life with security and confidence. Call John Faggio today at (410) 740-3141 and get the advice you need to obtain a more equitable solution.
|
