The financial advisor is crucial to the success of the Collaborative Divorce process. The financial advisor is a neutral third party that assists the process by gathering financial documentation in order to prepare a financial assessment of the parties\u2019 financial situation. This would include an analysis of assets, liabilities, income and expenses. This information is to be relied upon by the parties and their respective lawyers to base negotiations on. It is more effective in negotiations when the financial analysis is coming from a neutral third party than from the other party or their lawyer.<\/p>\n

The financial advisor can also assist in the consideration of the long term financial consequences to both parties of any set of assumptions made about assets, debt division and spousal support. It will become apparent if the proposed settlement is not financially viable, or that a settlement offer may cause substantial inequity or hardship to a party.<\/p>\n

The financial advisor can make a lawyer\u2019s life a lot easier by removing the financial aspects from the work of the lawyer. A financial advisor, through their analysis, can be of assistance, for example, convincing clients whether or not it is financially viable to remain in the family home. The financial advisor can run different assumptions and options and can evaluate them, leading to creative problem solving. The financial advisor can also assist by educating the parties and giving them a realistic view on their financial situation. It is easier to hear about financial reality from a neutral financial advisor than from the other party.<\/p>\n

The Collaborative Law process seeks to deal with the issues resulting from the breakdown of a relationship in a fair, transparent and non adversarial way. In order to accomplish this effectively the role of the financial advisor is an important element to its success. Should you have any questions on the Collaborative Divorce process please feel free to give us a call at 604-449-7779<\/b>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The financial advisor is an important element to a successful Collaborative Divorce\u00a0 process. Collaborative Divorce is a process that divorcing or separating spouses use to resolve issues resulting from the breakdown of their relationship. The goal in Collaborative Divorce is to resolve these issues in a non adversarial manner. The aim is to minimize or…<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[50,49,51],"class_list":["post-788","post","type-post","status-publish","format-standard","hentry","category-collaborative-divorce","tag-collaborative-divorce","tag-collaborative-divorce-process","tag-financial-advisor"],"yoast_head":"\n