You may not know it but the statistics says that over fifty percent of the couples that are married join, once again, the un-married ones. We all know for a fact that things such as relationship building and love is a fleeting and fickle feeling but, nothing can be compared to the dark complexities that comes together with these emotions such as divorce settlements and asset carve-outs when it comes to matters that has something to do with law intersect, money as well as tax. And of course, there is a big possibility of you committing huge mistakes when handling these matters alone unless you hire the service of experts and professionals who belong to the emerging line of divorce financial adviser that are qualified and certified.
Getting a divorce is considered as an open minefield of dangers that you must know about. That is why we will be tackling with you, through this article, the essential things that you should know when it comes to divorce minefield and also, we will include bits and pieces of information regarding the role being played by divorce financial adviser about this matter at hand.
The very first divorce minefield that we want you to know about has something to do with the family home. Surely, you would want to split everything equally to your partner even if you resort to divorce to set yourselves free and in line with this matter at hand, we suggest you to not immediately decide to get what looks like a ledger as it may contain lurking tax issues which need consultation from your divorce financial adviser for identification. There are two options that your divorce financial adviser will present to you which you need to decide on with regards to fluid values (housing and stock market) and these options are the following: to sell the house while you are still married to your partner so that you can avoid capital gain taxes, or; re-title the house under your name while introducing restrictive covenants or terms and conditions that is within the divorce decree to protect future home sale from capital gains tax liability.
Another divorce minefield that we want to introduce to you has something to do with market investments, retirement accounts and the likes. When it comes to this matter, it would really be best and beneficial on your end to hire the service of a certified and qualified divorce financial adviser as getting into the numbers and knowing what to look for is their meat-and-gravy diet. With this, they will help you understand the terms and conditions under the market investment and the retirement accounts that they have.