Part 1 of a 2-Part Series
I recently heard the analogy, “Attorneys in a Collaborative Divorce are like the general contractors.” The lawyers know the law and what issues and problems need to be solved, but they do not have the level of financial expertise, nor the level of emotional expertise, that the couple will need to solve those problems. This is the reason why we bring in specialists and experts – the artisans – to help deal with the many details of the new family structure/entity that the Collaborative Divorce team is helping the clients to build. The lawyers have the responsibility to learn what the clients need so that they can bring the right craftspeople to the project. In this blog, I will discuss the expertise that the Neutral Financial Professional brings to the collaborative process. In my next blog, I will discuss the expertise that the Family Specialist brings.
I want a divorce financial professional on all of my divorce teams so that I can make sure the family’s post-divorce financial foundation is properly built and will be able to sufficiently provide for the couple and their family for both their short-term and long-term future.