A financial specialist is a financial planner or accountant who has received specialized training in the Collaborative Process. The financial specialist assists clients in developing financial options as they make the transition to two households.
The financial specialist will:
Collect and organize financial information relating to the parties’ income, expenses, assets, and debts.
Help clients gain a clear understanding of their current financial situation.
Educate clients regarding the short and long-term economic impact of settlement options being considered.
Provide ongoing financial guidance, planning, support, and budgeting assistance throughout the process.