In a collaborative divorce, spouses who can communicate with a neutral financial professional is key to helping them understand their current financial situation. This helps them reach a settlement agreement that is in the best interest of both parties. There is often an imbalance in that one spouse has less financial knowledge than the other. The collaborative process works to bring them both … [Read more...] about Communicating as a Financial Divorce Professional with Your Clients
Cryptocurrency, Divorce and Fiduciary Duty
Many people hear the term “fiduciary duty” and think it only applies to business relationships. In fact, divorcing spouses owe a fiduciary duty to each other. This means they must deal with each other fairly in the division of their assets, even when the assets include cryptocurrency. The Meaning of “Fiduciary Duty” in a Divorce The law imposes a strict fiduciary responsibility upon … [Read more...] about Cryptocurrency, Divorce and Fiduciary Duty
Dealing with Hidden Assets in a Collaborative Divorce
People choose Collaborative Divorce over traditional litigation when they want the divorce to be more amicable. The hallmark of a Collaborative Divorce is honesty. Both spouses are expected to provide full disclosure about all assets, both those known to be community property and those that they claim are separate property. In rare cases during the collaborative process, one party discovers … [Read more...] about Dealing with Hidden Assets in a Collaborative Divorce