One of our specialized services at SummitView Advisors is planning for divorce. Kristina is the chapter chair for the Northern Colorado Divorce Alliance through the Institute for Divorce Financial Analysts. In the past, clients often came to us after a divorce was finalized to create a new financial plan for their new financial situation. We have found, however, that we can make a bigger impact through planning before a divorce is finalized. Using financial planning as a tool, we can illustrate the potential impact of different ways to divide assets. Not all assets are created equal, and some assets make more sense to allocate to one spouse versus the other. For example, we take into account keeping the house versus the retirement plan, income streams/pensions versus lump-sum assets, Social Security, investment properties, and many other types of assets. It is important to use financial analysis to make decisions instead of emotions. We work together with your team of professionals, ie: attorneys, business valuators, PERA pension valuators, appraisers, forensic accountants, and CPAs, to help you make more informed decisions when coming to a divorce agreement. If you do not currently have these professionals selected, we can provide you with referrals to help form your team.
To prepare for our first meeting, please review our checklist:
– Income Sources – Employment, Pensions, Annuities, Social Security (for both spouses)
– Estimated Monthly Expenses
– Mortgage Statement(s)
– Retirement Account Statements
– Checking/Savings Statements
– Real Estate Information
– Past 2 years of tax returns
– Debt – Credit Cards, Student Loans, Personal Loans
*You may bring statements, if you have them, or we can electronically link your accounts to our financial planning tool.
Having been through the trauma of divorce herself, Holly brings a distinctive perspective to help clients who are splitting up. Holly can be your advocate to help you examine your financial situation as a married person and begin newly single, even after a long term marriage.
Many times, women are coming out of a long relationship where the woman’s primary role was family caregiver. It can be difficult for a woman to ascertain her true value and worth, but Holly can shed light on those particulars, helping a woman understand her value and worth.
Holly understands the concerns and difficulties surrounding the division of an estate accumulated over decades. She can bring her many experiences to your personal situation, allowing you to feel more understood during a stressful time.
Holly has experience working with both partners during the separation. If a couple is successful at restoring their marriage, Holly can continue to advise the couple as a family. If the relationship proceeds to separation or divorce, Holly is experienced in helping each individual following the split. She does this by maintaining strict confidentiality at every step of the process.