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Certified financial analyst may help during Arizona divorce

On Behalf of | Aug 6, 2020 | Divorce

Dissolving a marriage can naturally be an emotionally complicated ordeal in Arizona. This is true even if both parties are cordial with each other starting out, as the tide could easily change if they end up having a disagreement. Fortunately, a financial analyst can help a person who is going through divorce to make logical rather than emotion-fueled financial decisions from start to finish.

During the process of getting a divorce, a certified financial analyst can analyze a person’s finances using industry software. He or she can then assess the long-term and short-term impacts of the settlement that the divorcing individual is considering. This is important because some assets have a tendency to grow quickly over time, whereas others tend to decline in their value quickly. Meanwhile, some assets come with higher tax rates.

The financial analyst can provide for their clients projections of what their lives may look like a decade or two decades later based on various settlement scenarios. In addition, the analyst can offer pointers on how to improve their financial outcomes. An analyst can furthermore offer guidance regarding often neglected financial matters, such as auto insurance and health insurance.

In addition to hiring a financial analyst, a person who is navigating divorce in Arizona would be wise to hire an attorney. An attorney can help this person to pursue a fair and comprehensive legal settlement that reflects the individual’s best interests in financial areas such as property division and alimony. The attorney can also litigate these matters in court if no settlement can be reached outside of court.