Navigating Change, Securing Your Future.
Whether you're contemplating divorce or navigating life as a newly single individual, financial clarity and strategic planning are crucial for unlocking your potential and building a secure future. At Vidarrow, we understand the unique financial complexities that come with these significant life transitions. Our dedicated services are designed to empower you with the knowledge and support you need to make informed decisions, protect your assets, and confidently move towards your financial goals. Let us help you navigate this chapter and build a strong foundation for your next.
Previously Married
Post-Divorce Financial Review and Adjustment:
- Analyzing the final divorce decree and its financial implications.
- Assisting with the transfer of assets as outlined in the settlement.
- Establishing new budgets and cash flow management strategies.
Investment Management:
- Developing personalized investment strategies aligned with new financial circumstances and goals.
- Managing investment portfolios to help achieve long-term objectives (retirement, education, etc.).
- Adjusting risk tolerance and asset allocation based on the individual's post-divorce situation.
Retirement Planning Post-Divorce:
- Dividing retirement assets (QDROs - Qualified Domestic Relations Orders).
- Developing new retirement savings strategies as a single individual.
- Projecting retirement income and addressing potential shortfalls.
Insurance Planning:
- Reviewing and adjusting life insurance, health insurance, and other coverage based on the new marital status.
- Determining appropriate coverage levels for individual needs and potential dependent obligations.
Estate Planning Post-Divorce:
- Updating beneficiary designations on accounts and insurance policies.
- Review will, trusts and other estate documents to reflect the new circumstances
Financial Goal Setting and Tracking:
- Helping clients define new financial goals as a single individual.
- Developing strategies and tracking progress towards those goals.
Education Planning (for children):
- Developing strategies for funding children's education, considering any agreements outlined in the divorce decree.
Currently Going Through a Divorce
Financial Planning for Separation:
- Analyzing current financial situation (assets, debts, income, expenses).
- Developing potential settlement scenarios and their financial impact.
- Advising on potential tax implications of different settlement options.
- Projecting post-divorce cash flow and budgeting needs.
- Risk assessment and insurance review in anticipation of changes.
- Guidance on understanding financial documents and disclosures.
- Collaborating with legal counsel to ensure financial considerations are addressed in legal agreements.
Understanding Future Financial Needs:
- Projecting future living expenses as a single individual.
- Planning for retirement and other long-term goals post-divorce.