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Preparing for Divorce

So, you are looking into the financial challenges of divorce.

Obviously, divorce is a very hard emotional decision to make.

We help you rise above the emotional financial stress. For most, your best starting place is to prepare for financial independence before and after the divorce. And, then keep financial self-defense in mind through the divorce.

When making complex money decisions, you may want expert business and personal financial help. Working with your attorney so they have the information they need is part of our process. 

I know your case is unique. Our process digs deeper for your special facts, so you can to be a stronger negotiator.

               David A. Dinsmore
             Professional Resume

Divorce and Business Valuation

Start by Taking Control 
Get Better Informed and Organized

Divorce deals with three major issues: Child custody; Spousal and child support; and Property Division. Your attorney takes the lead as you advocate, and can help you with all three.

We work with the financial analysis for Property Division, and personal and business financial challenges. Our financial work deals with Equitable Distribution in a Divorce, the money issues, for our client.

You and your attorney work with us on what you want to know and what the law says on a financial issue. There is no such thing as a simple money issue in a divorce. We will offer you useful information and suggestions for the technical side of money questions.

A divorce requires a good plan from the beginning. You need to understand your attorney’s plan for your case. You especially need to understand the process for gathering documents (called discovery) and the Court's process to deal with delays.

Early in 2018, I finished a divorce project that took over a year with documents in the thousands of pages. Even the simplest divorce has hundreds of pages of financial documents. A divorce generates so much paper that a Cincinnati paper shredding company gives me a discount.

This is why we start with organizing your business facts to set your 'fair deal' value. We have several options for personal financial information organizers too. Which is better depends on your personal situation, call we can talk about. 

Your first step is to work on the suggestions here. However, when you want more help, you can set a 30-minute phone meeting for just $99 to talk about personal records. Call us at 513-266-3226 for details. The Divorce Records Check, DRCSM will give you useful financial planning data and document lists to guide better preparation. In addition, the Divorce Records Check, DRCSM will help save you time and your attorney’s time answering financial questions. All attorneys are welcome to call with any questions with no charge.

Where can you make better divorce money decisions?

The divorce financial issues are personal and business. 

Business financial planning, before and after the divorce
Valuing the business for the divorce
            Divorce Business Valuations For Litigation May Require Formal Certification.
            Definitions, standards, jurisdiction, and court influences
            Jointly retained valuation for mediation and Alternative Dispute Resolution, ADR
            Unreasonable Compensation Analysis for Support Calculations and Business Valuation
Marital property ownership effects
Hidden income and assets investigation
            Prenuptial asset and income tracing
            Special conditions and considerations evaluation
Protecting the business during divorce and after
Comprehensive and single business systems analysis options

Personal financial planning, before and after the divorce
            Financial condition and earning capacity of the parties
            Career stability and compensation outlook
            Individual’s financial contribution to acquire marital assets
Marital property ownership and tracing
            Jointly Retained Valuation for Mediation and Alternative Dispute Resolution, ADR
Hidden income and assets
            Prenuptial asset and income tracing
            Special conditions and considerations evaluation
Valuing personal assets and liabilities
            Liquidity and marketability of assets
            Marital home and other real estate
            Unique and collectible assets
            Retirement accounts and pensions
Debt controls and elimination
            Selection pro’s and con’s of assets for division
            Tax implications of choices
Income and Expense Analysis and Management
            Setting up a budget for during divorce and for life after the divorce
            Housing costs and financing
Financial and tax analysis and long-term forecast of divorce settlement offers
            Child support budgeting and calculation
Healthcare insurance coverage alternatives and other insurances

The issue complexities show in our firm’s organization chart

With deliberate divorce planning and preparation, you can make better money decisions.

In addition, while you cannot catch them all, with planning you can avoid problems and bad surprises before and after your divorce.

Our divorce planning process deals with 7 money problem areas. We discuss why over 25 tactics can make a financial difference for you.

And stacked on top of that, we screen clients for nearly 100 divorce mistakes. Then we repeat the screening at 5 more critical points in the divorce process. Click to see 10 of 100 Divorce Money Mistakes.

Overkill, not hardly. You have a lot of money at risk. We take all of our work seriously.

I have helped hundreds of divorcing clients since starting my firm in 1988. A good first step is talking with me, David A. Dinsmore, about your personal and business financial planning. See the discussion starters Starting the Divorce Business Valuation Process, 10 Initial Data and Document Requests and Ten Rules for a Top Notch Business Valuation. I have concentrated on coordinating these two complex financial worlds to build client wealth and limit client risks. The firm’s extensive library of planning articles and worksheets, strategies, and tactics give clients a wealth of useful information. 

In over 35 years of financial planning, I have never had a client say, “I was over prepared” or “I regret being organized to answer the hard questions.”

I have seen a multitude of disasters from ugly deals and costly choices caused by the lack of preparation. At first, the preparation may look challenging. My years of experience and organized approach make the process much simpler and faster. Good preparation drives smarter choices.

If you are considering divorce or are in the process, I encourage you to call 513-266-3226 today for a free consultation. Let’s talk. You are welcome to ask anything. Get to know more about the money problems you could face.