Yes, yes, yes. Your lawyer helps you get the right amount of money and property. A financial planner helps you decide which type of property is the most useful to you.
For example, a wife often wants to keep the family home, especially to avoid disruption for the children. But if you get it, can you afford the mortgage and upkeep? The planner will forecast your income and expenses. You might decide that it’s better to sell the house and rent an apartment or buy a smaller place.
The scariest thing about divorce — besides the alone-ness — is wondering whether you’re going to have enough money to live on. Couples are sometimes unrealistic about their future spending and plunge into commitments (or make promises to children) that they can’t keep. The planner will help you plan a post-divorce budget. You might also get tips on what to do about any current investments you have.
Many financial planners have taken extra training to become “Certified Divorce Financial Analysts.” To find this kind of specialized help, check the websites of the Institute for Divorce Financial Analysts and Association of Divorce Financial Planners. The Institute also has some great, do-it-yourself checklists and worksheets, to help you plot your life ahead.