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Protecting Your Assets, Hard Work And Investment During Divorce

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Why is it important to get professional help in a divorce?

On Behalf of | Jan 5, 2021 | Divorce |

In these uncertain times, with divorce rates spiking, it is hard to know how to navigated the process. Though, unfortunately, the divorce process is complicated. And, for every year that a couple has spent together, that process gets even more complicated. This complicated nature is further exacerbated for those going through the process alone. This can make the divorce process’s complicated nature is even worse. This is why it is so important to bring in experts.

An attorney

The first call for a divorce should always be to a divorce attorney. This is your front-line agent, the one that coordinates all other experts that may be needed. The old adage that we do not know what we do not know is the reason why we bring in an attorney. This professional’s job is to know. More importantly, it is someone looking out for one’s best interests, especially when it comes to property division.

CPA and/or financial planner

Before a divorce is finalized, if needed, a lawyer may recommend a CPA and/or a financial planner. A CPA may be needed to determine a couple’s assets and help determine what is a fair split. On the other hand, a financial planner can help one plan for their life post-divorce. This means analyzing all tax implications, fees associated with splitting accounts, like retirement and 401(k) accounts, etc.

Depending the facts of one’s Farmington Hills, Michigan, divorce case, an attorney may be enough. However, it is important to note that an attorney may not be the only expert needed. Luckily, when an expert is need one’s divorce attorney, can bring in whatever experts are needed.