Financial planning and investing for women can come with unique circumstances.

Women in Transition

Life changes like marriage, divorce and widowhood are considered among the most stressful to endure. That pressure is intensified when one’s finances are out of line with the new state of being. But who has the presence of mind to deal with their finances when emotions are in turmoil? That is where proper planning and guidance come positively into play. A financial plan that considers contingencies and the right financial advisor will help navigate those turbulent periods.

Widowhood

Male or female, the passing of a spouse necessitates a financial assessment. Often, if the survivor is not the person who formally handled family finances, he or she feels immobilized. Many lifestyle decisions come into play in addition to income needs planning, family gifting and estate planning. Accounts may need to be updated, budgets likely need to be reworked and estate documents often require adjustments.

The process can be overwhelming, but we are here to help. After losing your spouse, your financial circumstances and lifetime goals tend to change. In getting a thorough understanding of your updated assets, income flows and expenses, we can help determine if you’re able to meet all your goals, or if some adjustments need to be made. Working with an experienced advisor can alleviate much of the stress that comes along with a loss.

Divorce

Emotional discord clouds judgment in reaching an equitable financial settlement. It is through the creation of financial projections for both parties that a swift and equitable settlement can be reached. Short of that, the parties remain mired in conflicting emotions that hamper settlement.

A financial advisor educated in the intricacies of divorce financial planning can work with both parties and their attorneys to fact find and then sort through conflicting demands to factually illustrate that both parties are going to be all right financially going forward.

It’s important to get a solid summary of your assets. To properly evaluate and reach a potential settlement, we need to have a concrete understanding of a couple’s financial situation. We’ll help you determine key factors, such as the impact of taxes and project your settlement into the future.

At Fragasso, we’ve specialized in this area for decades. Learn more about how a Certified Divorce Financial Analyst© (CDFA) may be the right partner to help you navigate these difficult decisions.

Q&A with a CDFA