What I say to the first noted potential clients is that I, as a neutral financial professional, promise them they will know everything financially related to their divorce prior to any decision making. It is my job to lay out all the assets and debts and income and expenses in simple and understandable form to both clients and any mediator or attorneys. It is also my job to educate my clients about taxes, tax filing status, health and life insurance, Social Security, pension values, and the consequences of dividing assets that have tax related issues.
We discussed using a Collaborative Divorce process where Julie is separately represented by a Collaboratively-trained attorney with prior experience on various spousal support outcomes. We could involve mutually agreed upon mental health coaches and/or neutral financial professionals to look at emotional concerns and property division settlement options. This would save them both the cost of hiring different experts to testify in court at $500 or more an hour, while also paying their litigation attorneys’ fees to cross-examine each expert, and waiting 90 days for the judge to make a ruling. And the ruling could be quite unfavorable.