THE FINANCIAL NEUTRAL
The Collaborative Divorce Process recognizes divorce is more than a legal matter. A key component of the team is the Financial Specialist, also referred to as the “Financial Neutral.” This specialist provides the team, and the collaborative process, with an unbiased assessment of the financial situation faced by the family and offers analysis about specific issues that may arise during the problem solving process.
The financial specialist can be a certified financial planner,(CFP), certified public accountant, (CPA), certified divorce financial analyst (CDFA), or other financial professional with the right training and experience to handle the unique financial challenges presented in divorce and family law cases.
Gaylene Stingl, CPA, an experienced Collaborative Financial Neutral discusses how the Financial Neutral helps a couple understand what is and what can be for their financial futures
Once the complete financial picture is available, the Financial Neutral is then able to provide the family and the collaborative team with insights and information in a number of areas, such as
- Identify and evaluate tax consequences
- Assist clients with developing budgets
- Develop current and future cash flow analyses
- Illustrate long-range financial projections
- Create options
- Guide the team discussion on financial matters
The neutral role of the Financial Specialist is truly unique and a critical component of the collaborative process. The ability to provide an unbiased assessment and balanced education about finances are hallmarks of the collaborative approach.