Financial Red Flags in Divorce Settlements

Navigating divorce settlements can be complex and overlooking critical financial red flags can have long-lasting repercussions. To ensure a fair division of assets, it’s important you know what to look for.

1. Undervaluation of Property: Pay attention to any attempts that try to undervalue shared properties or businesses. Undervaluing properties leaves one party with far less than they deserve. A trusted professional can help to ensure that assets are divided fairly. 
2. Hidden Assets: One of the most common red flags is having hidden assets. This could involve transferring funds to undisclosed accounts or purchasing expensive items and undervaluing them. It’s important to have an inventory of all assets and full enclosure from both parties. 
3. Unrealistic Financial Projections: When one party's financial estimates seem too good to be true, they most likely are. These projections can affect a lot of decisions such as alimony, child support, or the division of business interests. 

Let me be your financial advocate as you navigate the divorce process. As a Certified Divorce Financial Analyst and CDFA® , I can help you avoid costly mistakes and educate you on current and future budgets, provide a financial road map, and help you understand what assets you have, what you spend, where you spend it, and more. Don’t let divorce set you back.

You don't have to go through this alone.

Contact me today at 716-800-4290 to schedule your first appointment.