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Divorce Financial Planning |
 Separation and divorce are unfortunate but highly common circumstances that can lead not only to emotional stress, but often to financial strain and uncertainty. The division of a household can be complicated, drawn out and even contentious, with one partner feeling slighted while the other seems to prosper. This undue hardship is often placed on women and single mothers in particular, creating added burden in an already difficult transitory period.
Colleen O’Connell-Campbell is dedicated to assisting clients in obtaining an equitable division of assets and income throughout the divorce process. She is specially trained and highly experienced in divorce financial planning, acting in tandem with each client’s legal representation to ensure the best possible financial outcome. Colleen provides guidance and support to each client on an individualized basis, utilizing her experience as a divorce financial planner to find financial solutions that are fair and manageable for the long term. Some of the most common financial planning oversights during divorce include:
- Failure to consider attribution rules upon marriage breakdown
- Failure to consider the effect of deferred taxes when dividing assets
- Failure to consider inflation and investment returns
- Failure to consider all debts
- Failure to protect the survivor benefits of a non-employee spouse
- Failure to protect spousal or child support in the event of death or disability of the payor spouse
- Failure to consider the importance of the owner of a life, disability or critical illness contract purchased to protect the survivor spouse or child
- Assuming that 50/50 division is equitable
- Assuming that current value of a pension plan is equal to the market value of the family residence
- Failure to consult with the appropriate professionals (Business Appraiser for Small and Medium Sized Enterprises & Proprietorships, Pension Evaluation or Actuary, Accountant or Tax Preparer, Mediator, and/or Mental Health Practitioner, etc)
Colleen is able to navigate the difficult financial issues presented during and after a separation or divorce with sensitivity and professionalism. She believes in a fair distribution of assets for all clients regardless of personal situation or circumstances of divorce, and in financial solutions that protect families. For more information on divorce financial planning services by Colleen O’Connell-Campbell or to arrange a consultation, please contact us today. |
