Role of the Financial Specialist in Collaborative Divorce

In a collaborative case, the spouses share one financial specialist. He or she is typically a Certified Public Accountant, Certified Financial Planner, or a Certified Divorce Financial Analyst.

The financial specialist is a neutral party who assesses the financial issues related to the marriage and divorce and helps the couple understand the short- and long-term implications of property settlements, alimony, and child support.

A big part of the financial specialist’s job is education — helping the couple get a handle on current finances — especially assets and debts — and advising both parties on structuring a financial settlement that is most appropriate for their family.