All Relationships ARE Created Equal

{2:14 minutes to read} Marriage is many things to many people. In the past, it was an economic alliance between families, for both nobility and commoners. Giving birth often resulted in the death of the mother, infant, or both and life expectancy, in general, was dramatically shorter, and so most marriages were shorter as well.

All Relationships ARE Created Equal by Fabienne Swartz

In today’s day and age, most of us are fortunate enough to marry for love, but in some countries, arranged marriages are still the norm. Ideally, a marriage based on love can survive 40 or 50 years — but let’s say the marriage lasted only 10 years — does that mean the relationship is a failure?

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Managing Expectations

Managing Expectations by Fabienne Swartz

{3:20 minutes to read} One of the biggest roles of a Certified Divorce Financial Analyst is managing his or her clients’ expectations. Getting a client to realize they may not get what they want is the first step. They may need to adjust their spending habits and may not be able to maintain the same lifestyle as they previously enjoyed. A CDFA can show their client that their spouse cannot afford more alimony and/or child support.

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It’s Who You Know

It’s Who You Know By Fabienne Swartz

{3:40 minutes to read}

Some specialized areas of divorce are better left to experts.

When I first meet a client and her/his attorney, we go through something called the discovery phase. The aim of the discovery phase is for each side to gather the necessary information to negotiate the financial part of their divorce agreement. As a Certified Divorce Financial Analyst (CDFA), I can:

  • Help find hidden assets;
  • Trace money; and
  • Forecast monthly and annual payments over several years.

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Jump-Starting Your Life in the Midst of Divorce

Jump-Starting Your Life In The Midst Of Divorce By Fabienne Swartz

{1:51 minutes to read} Alimony, or spousal support, is meant to be rehabilitative in nature; the non-working spouse is expected to return to the workforce after a certain amount of time.

But when someone has been out of the workforce for a long period of time, they may have missed out on important innovations in their industry.

There is also the spectre of “soft” age discrimination, the unconscious or conscious motivation that leads companies to prefer younger job applicants. Luckily it is not difficult to combat these negative forces with the right plan and action.  [Read more…]

Taming Divorce’s Paper Tiger

Taming Divorce’s Paper Tiger By Fabienne Swartz

{2:58 minutes to read}

Divorce is an emotional roller coaster.

You might wake up one morning in a good mood and confident that the worst is behind you when, all of the sudden, an email from your ex sends you reeling. And on top of that roller coaster, there is another dizzying challenge: Taming the paper tiger of financial documents.

Just as a divorce coach dissects emotional obstacles for their clients, financial advisors dissect that intimidating mound of bills and monthly statements. In New York, the first step toward that goal is gathering the required information to complete a Statement of Net Worth.

I view the Statement of Net Worth as an opportunity; once all of the pertinent information has been gathered, in almost every instance, it becomes apparent that living on one income is going to force each party to make cutbacks in their spending. That is where the idea of spending plans comes in.

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