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A financial adviser can assist with divorce financial disclosure

Part of the process of ending a marriage involves both parties completing financial disclosure forms. For some Colorado families, this is a simple and straightforward process. For others, it can be quite complex, either due to the reluctance of a spouse to be forthcoming about money matters, or a complex asset portfolio. Either scenario can be addressed by the addition of a financial adviser to the divorce team.

In cases where a spouse is acting to intentionally hide assets, a financial adviser can be instrumental in finding and documenting wealth that has been excluded from the disclosure process. If necessary, the financial adviser can work with the divorce attorney to ask the court to compel disclosure. Very often, simply filing such a request is sufficient to spur the reluctant spouse into compliance.

In the case of complex assets, a financial adviser can assist in backtracking to make sure that nothing falls through the cracks. This is especially important in today's employment environment, where individuals may amass as many as 10 or more pensions over their working life. An advisor can also assist in obtaining a business valuation, or an appraisal of an art collection, intellectual property or other complex assets.

Just as no two Colorado marriages are exactly alike, no two divorce cases are identical. Each couple has a unique set of needs when it comes to property division. In many cases, the services of a financial adviser can make the process far easier to manage. That can help insure a fair division of wealth, and allow both parties to move forward in their own lives.

Source: professionaladviser.com, "The role of advisers in financial disclosure", Marilyn Bell, Aug. 29, 2017

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Brandon Ceglian's practice focus is family law, landlord-tenant law / real estate, civil litigation, criminal / DUI, and collections. View Attorney Profile

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