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Divorce Financial Analysis and Planning

  • Financial Analysis done early in the divorce process can save time.

    The average length of a divorce process in the U.S. is one year. Both parties will probably spend a lot of time trying to understand the financial aspects and terms of the separation. Divorce Financial Analysis can help explain all financial aspects of pending decisions and assist their client in making educated decisions throughout the proceedings.

  • Financial Analysis can help you save money during the divorce process.

    With Divorce Financial Analysis, divorcing persons can more clearly envision their financial future. They can then view a legal settlement that fully addresses their financial needs and capabilities. A legal settlement that floats back and forth between attorneys, without the client having a clear understanding of all financial ramifications, can be detrimental, time consuming, and expensive. LM Financial Services can educate their clients by providing a thorough knowledge and understanding of the often-complicated financial decisions.

  • Financial Analysis can help you avoid long-term financial pitfalls. 

    LM Financial Services can project the long-term effects of the divorce settlement. This includes avoiding tax traps that are lurking when selling the marital home and when distributing pension assets. Developing a long-term plan for their financial situation is much more advantageous than addressing only current problems. Financial decisions must be made that not only take care of immediate family needs but also long-term concerns, such as funding children?s higher education and-retirement.

  • Financial Analysis can assist you in the development of household budgets that will help you avoid financial struggles after the divorce.

    LM Financial Services can assist clients in realizing what the divorce will really cost in the long run and develop a realistic monthly budget during the financial analysis process. Expenses such as life insurance, health insurance, and cost of living increases must be taken into consideration when agreeing on a final financial settlement.

  • Obtaining professional Divorce Financial Analysis can reduce the amount of stress and misunderstanding about the financial matters in a divorce process.

    Misconceptions about the divorce process can be detrimental. Financial analysis during the divorce process can ensure a stable economic future and prevent problems that could arise from the financial decisions made or not made during the divorce process.

Assisting Family Law Attorneys

LM Financial Services is also here to help Illinois and Indiana divorce lawyers with their clients.

For the most part, divorces are concerned with the financial issues of the couple. The majority of all of the divorce cases filed never go to court. If your client has a clear understanding of the financial situation of their marriage and their future financial prospects, they are able to deal with the divorce process in a logical, rational manner. We are able to deal with your clients in a professional manner to realistically explain their financial situation to them -- and to help them plan for the resulting outcome of the divorce process.




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