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John A. Barich CDFA®, CFP®, ChFC®, CLU, EA
Equitable Divorce Solutions
12011 ORCHID LANE |
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John A. Barich Equitable Divorce Solutions Professional Background
A CDFA® is not a legal expert but is someone who works closely with the attorney in aiding an individual with the financial element of divorce. Notwithstanding the emotional pain of the process, divorce is primarily a "financial" transaction. Knowing what to expect financially from the divorce tends to ease some of the anxiety. Having been through a divorce myself, I understand the tension that the unknown can create. Being in the financial service industry for more than 20 years I also know how important sound financial planning is in the divorce process. Alimony, child support, and property settlement are the three fundamental components of the financial side of divorce. My role is to: 1) organize your financial information so you will be able to provide your attorney with an accurate financial affidavit 2) itemize your post-divorce income & expenses so it can be determined how much alimony will be needed, if any 3) review any documents, including tax returns and 4) prepare cash flow projections using different assumptions so that alimony & child support can be determined. When I have completed the engagement, my client will be able to provide their attorney a comprehensive analysis of desired marital assets, amount needed for alimony as well as a list of financial considerations their attorney should keep in mind. Having organized this information prior to meeting their attorney can save my client significant time and money. CFP®,CERTIFIED FINANCIAL PLANNER™ and federally registered CFP®{with flame logo} are certification marks owned by the Certified Financial Planner Board of Standards, Inc. These marks are awarded to individuals who successfully complete the CFP Board's initial and ongoing certification requirements. |