Say hello to
Matthew
CASE STUDY
A stay-at-home dad and father of a teenage daughter, Matthew’s pending divorce had put his financial future in question. He was seeking clarity on what would happen to the family’s assets – including the home they owned and lived in – after the divorce.
Matt’s own experience with investing was limited as his spouse had managed that aspect of their finances.
Matthew wanted to know…
- Would he have to go back to work?
- Could he and daughter, Tessa, afford to stay in the family home?
- What might the taxes look like on an eventual sale?
- What should he do when the spousal support stops?
- How should he invest his share of the money?
Here's how we helped
After an initial review of the potential settlement, we began working directly with Matthew.
- We took Matthew through our 10 Step Process for Divorcees.
- Once the final settlement was agreed upon, we advised him on everything that he would need at every step.
- Ensured that nothing was overlooked so that Matthew would be able to securely maintain the lifestyle he and his daughter had come to enjoy.
Moving Matthew forward
- We developed a game plan so he could stay in the home until Tessa graduated college
- Explored solutions for once the child support and spousal maintenance ends
- Created an investment portfolio that should serve him well now and long into retirement
- Implemented tax minimization strategies for his income and the home
- Recommended and coordinated with a new Estate Tax Attorney and Certified Public Accountant
- Provide ongoing objective counsel and reassurance that this plan is sustainable, resilient and right for addressing both his current needs and long-term security
Comfort, control and a clear path forward.
As difficult and painful as divorce can be, following a clear, step-by-step process to restore financial order and stability can help make new divorcees feel more in control of their future. In Matthew’s case, we clarified how he could keep the family home, not have to go back to work, and remain financially sound between his retirement accounts and invested assets. We continue to work with Matthew, ensuring his financial plan after divorce remains resilient and on the right track.
