A Certified Divorce Financial Analyst May Prevent Costly Divorce Mistakes

Courtesy Dobbs Wealth Management Group of Wells Fargo Advisors

According to the National Center for Health Statistics and the U.S. Census Bureau, divorce after 50 has doubled since 1990. Couples who have been together for many years tend to have more shared resources and the financial implications of a split can be complicated.

“Divorce at any age is often traumatic,” says Juston Dobbs, MBA, CDFA®, CFP®, Senior Vice President – Investments at Dobbs Wealth Management Group of Wells Fargo Advisors in Sherman. “Divorce is most likely the largest financial transaction one will experience in his/her lifetime.”

That’s why engaging a Certified Divorce Financial Analyst (CDFA®) in addition to your attorney and CPA, may prevent costly mistakes. Together, these professionals comprise a team with extensive knowledge of tax law and asset distribution.

Often, one of the spouses has not been actively participating in financial decisions and may not be aware of what assets are or where they are. Juston, who has over 20 years’ experience as a CERTIFIED FINANCIAL PLANNER™ (CFP®) professional may help develop an accurate assessment of your financial situation, evaluate tax consequences, consider division of property, and review retirement funds, life insurance, and social security benefits. Additionally, he can help you prepare a post-divorce comprehensive investment plan, including a workable budget for your future.      

“Many people mistakenly believe that a 50/50 split of assets is the fairest and easiest solution,” Juston says. “That’s not always the case and a comprehensive review of all your assets and liabilities will help prevent unwanted surprises so you can begin a new chapter in your life.

“I want to help people during this difficult time when their lives have just been completely changed.” Call Juston at 903-893-6682 for more information.

To learn more about Dobbs Wealth Management Group of Wells Fargo Advisors, visit www.justondobbs.com.

The use of the CDFA® designation does not permit Wells Fargo Advisors or its Financial Advisors to provide legal advice, nor is it meant to imply that the firm or its associates are acting as experts in this field. Wells Fargo is not a legal or tax advisor. Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC, Member SIPC. CAR 0719-02856