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Ongoing Post-Divorce Financial Planning
Reset, rebuild and reimagine your financial life after divorce with a trusted financial expert by your side.
What it is…
Think of your financial life as a puzzle, with each piece representing a different aspect: income and expenses, taxes, investments, insurance, and estate planning. Each piece is essential on its own, but they also need to connect in a way that creates a complete, cohesive picture.
Divorce can feel like someone has picked up your carefully assembled puzzle and broken it apart. You’re left with the task of reassembling it, but now, the pieces may look different. They may vary in shape and size—and they may not fit together as they once did. Each piece now needs to be re-evaluated to determine its role in your new financial picture.
Beyond the legal separation, divorce often represents the end of shared goals and dreams. With these shifts, you have the opportunity to rebuild your financial future on your own terms. By working through each piece of your puzzle, we can create a plan that fits your unique vision for the future.
Click on each service below to learn more.
Post-Divorce Action Items & Triage
We’ll review your settlement agreement carefully and create a to-do list to ensure all financial tasks are addressed, including account division, asset retitling and insurance needs. This organized approach helps prevent overlooked details and ensures a smoother transition to your new financial chapter.
Values Clarification Exercise
Knowing our core values gives us clarity on the purpose behind our money decisions. By identifying what truly matters to you, we can ensure that your financial choices align with your deeper goals and values, giving your money a meaningful purpose.
Financial Goal Setting & Tracking
After a divorce, setting new financial goals is crucial. Clear objectives, like building an emergency fund or planning for retirement, create a roadmap for the future. Regularly tracking progress ensures you stay on course and can adjust as needed, helping you rebuild a financially secure and independent future.
Cash Flow Evaluation
After divorce, reassessing your income and expenses is key to building a stable financial foundation. Tracking your spending closely helps identify trends, allowing you to make informed adjustments and avoid major course corrections later. With consistent monitoring, you’ll maintain control over your finances and stay on track to achieve your goals.
Income Tax Projection
Divorce brings new tax considerations, offering opportunities to optimize your tax situation through adjusted withholdings, maximizing credits and taking advantage of favorable tax rates. A proactive approach can reduce tax liabilities, improve cash flow, and set you up for a better tax outcome moving forward.
Investment Management
After a divorce, it’s essential to take a fresh look at your investments to ensure they align with your new financial goals – especially if you acquire investments from your former spouse. Establishing a diversified allocation that balances growth and stability is key to building a strategy that supports your long-term goals. Thoughtful, personalized investment management can provide the foundation for a secure and empowered financial future.
Insurance Review & Risk Analysis
Post-divorce, it’s important to review your insurance coverage to ensure it meets your new needs and financial goals. Your life, health, disability, and auto insurance may all require adjustments. Additionally, a comprehensive risk analysis can help identify potential gaps in your coverage. By proactively assessing your insurance, you can safeguard yourself and your loved ones against future risks and ensure you’re adequately protected during this new chapter.
Estate Planning
Estate planning is a critical part of securing your financial future, especially after a divorce. While I’m not an attorney, I can help you ensure that your will, trust, and powers of attorney reflect your new circumstances, protecting your assets and ensuring your wishes are carried out. Whether updating beneficiaries or creating new legal documents, having a comprehensive estate plan is essential to safeguarding your legacy and providing peace of mind as you move forward.
Employer Benefit Optimization
After a divorce, it’s crucial to review and optimize your employer benefits to ensure they align with your new financial situation. This includes reevaluating health insurance coverage, as you may no longer be eligible for your ex-spouse’s plan. Reviewing all available benefits can help you secure your financial future and ensure you’re making the most of the resources available to you post-divorce.
Social Security Claiming Strategies
Were you married for at least 10 years? You may qualify for benefits based on your ex-spouse’s earnings, even if they’ve remarried. Strategically claiming your benefits can significantly impact your retirement income. Carefully planning your Social Security claiming strategy can help ensure you make the most of what you’re entitled to after divorce.
Retirement Planning
Divorce can be a financially disruptive event, making it crucial to reassess your retirement plans and understand the long-term implications for retirement readiness. After dividing retirement accounts or re-evaluating savings goals, you may need to adjust your timeline, contributions, or investment strategy. By proactively planning now, you can rebuild a path toward a comfortable retirement that aligns with your new financial reality, ensuring your goals remain within reach even after a major life change.
Financial Planning as an Ongoing Process
Financial planning is not a one-time event, but an ongoing process. We will address all aspects of your financial future and revisit them as needed to ensure your plan remains aligned with your goals. As your circumstances and goals evolve, we’ll adapt your strategy to keep you on track for a long and financially secure future. Together, we’ll build a plan that grows with you, ensuring peace of mind every step of the way.
Who it’s for…
Motivated women who want to proactively rebuild financially after divorce with a trusted, experienced partner by their side.
Once the divorce is final, there is still a lot to do to reset, reimagine and rebuild financially.
Perhaps you were the non-financial spouse and taking charge of your finances is new to you or feels scary. Or you simply want to ensure you’re making wise financial decisions for yourself and your future. As an expert who understands the financial implications of divorce, I’ll be your trusted partner to help you navigate your next chapter with confidence.
While my services are catered to women, they are not exclusive to women. What’s most important is a shared philosophy of financial planning.
What it costs…
Your price is based on your Net Worth (assets minus liabilities) starting at $6,500 per year and deducted from your managed investment account. New clients pay a one-time start-up fee in the amount of 25% of the annual fee.
As a fee-only financial planner, I am paid directly by you, my client. That means I don’t accept any sales commissions, referral fees, service fees, or other form of compensation from any third party. And as a fiduciary, I made an oath to serve your best interests and put your needs before my own financial gain—always. My pricing is transparent and straight-foward to further minimize any perceived conflict of interest.
You Can Improve Your financial security. Get Started Today.
Hourly Divorce Financial Consulting
Financial guidance and education before and during your divorce process.
Divorce can be an incredibly difficult, emotional time. The financial stakes are high and often overlooked or underestimated.
Consulting a financial professional trained in the complex matters of divorce will help you prepare for your short and long-term financial well-being, helping you to avoid costly mistakes and omissions.
Pricing
Divorce Financial Planning is offered at an hourly rate starting at $300.
Disclaimer
Julie Quick is NOT AN ATTORNEY AND DOES NOT PROVIDE LEGAL ADVICE. All information she provides is financial in nature and should not be construed and legal or tax advice. Individuals seeking legal or tax advice should solicit the counsel of competent legal or tax professionals knowledgeable about the divorce laws in their own geographical areas.