Divorce is not cheap, but mistakes are even more expensive.
As a first step, I can provide you with an initial one hour consultation, with no obligation. There will be a charge for the hour at the time of consultation. The time we spend together will help me to understand as much as possible about your situation, answer any questions you may have concerning my services, and provide some preliminary direction to you regarding the financial aspects of your case. This time will also enable us to consider if you would likely benefit further from my services and enable you to make that decision.
Litigation If you are in litigation and wish to hire me individually, you may hire me directly, or have your divorce attorney hire me as a consultant for your case. Your attorney can advise you regarding possible benefits of either choice.
Collaborative If you and your spouse have decided collaborative divorce is best for you, you will both hire me together as your Financial Neutral and part of your collaborative team.
For Litigation or Collaborative Services Divorce financial analysis services are provided at an hourly rate of $225, requiring an initial retainer of $2,500. The retainer covers the first 11 hours of services, at which time you may be asked to replenish the retainer or be billed monthly for additional hours.
Financial Mediation If you are in litigation and wish to hire me for financial mediation services, both you and your spouse will hire me together, through your divorce attorneys. Financial mediation services are provided at an hourly rate of $225, requiring an initial retainer of $2,500. The initial retainer covers the preliminary work of document review and may include the development of a statistical model for your case. Depending upon the complexity of your case, a retainer replenishment may be required to complete this optional preparatory work. Any unused retainer will be applied to charges for review of materials provided by your divorce attorneys shortly before the mediation date and actual mediation time. The minimum mediation time, on the scheduled mediation date, is four hours, payable in advance. Payment for any additional hours is due at the conclusion of that day of mediation.
If you are unsure about scheduling an appointment, I suggest you call for a brief discussion to help you decide.
A great thought from my friend Andy Samalin, Past President of the Association of Divorce Financial Planners: "I was taught to never try to save money on parachute packers, neurosurgeons, and divorce financial planners."
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12/28/2017Tax Reform Effects Upon divorce
The most significant tax reform in thirty years was signed into law December 22. With barely a week to understand how it impacts all open and future divorce cases, it became effective January 1, 2018, unless otherwise noted. Many of the provisions have sunset dates, upon which rules will revert to pre-2018, unless extended. Alimony, beginning January 1, 2019, will not be tax deductible for payer, nor taxable to the recipient. Modified orders, after that same effective date, will adhere to the...
11/09/2017Tax Overhaul Targets Alimony
Content of the Tax Cuts and Jobs Act (TCJA) was revealed last week and, as it now stands, alimony discussions will change dramatically. If approved in its current state, on this issue, going forward as of January 1, 2018, no alimony will be tax deductible for the payer, nor taxable to the recipient. This includes all alimony modifications made after January 1. All standing alimony orders will retain their current tax status for payer and recipient. The TCJA is the most sweeping tax reform proposed...
03/24/2017Choosing an Attorney
I am often asked for attorney referrals by potential clients embarking on the divorce process. My usual response is that I am better able to make referrals after meeting with you, understanding something about your situation, what you prefer in the way an attorney will represent you, and getting to know you is a limited way. Even after all that, I will provide at least three names of attorneys for you to interview, assess and make your own best decision. An attorney is not a commodity. This is...