PLANNING SERVICES
"After going through my own unexpected divorce, I realized the struggle facing couples as they separate. You are full of shock, sadness, fear and not in the best frame of mind to be making future altering decisions. Despite my years as a financial planner, during that period I needed unbiased input and support from outside sources.
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Often times there is a spouse that was considerably more involved in a couple's finances. My mission at New Path Planning is to empower and educate those who were adding to the family in other ways."
Divorce is the largest financial transaction of most people’s lives. Let us help take the emotions out of the process by showing you in black and white how what you decide today could impact your financial future.
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No matter what stage of your divorce journey, New Path Planning has a solution for you.
Our areas of focus include
8.05/Financial Affidavit Assistance
Preparing for a divorce requires a lot of homework with very little instruction. Let us help you think through what you have spent and will need going forward.
Lifestyle or
Expense Analysis
Let us research what was actually spent by either or both parties. This can help establish a marital standard of living or help signal if something is off in the reported assets or income
Income & Asset Division Scenarios
There may be certain assets that you want to be sure to walk away with. If you keep those how might the remaining assets be equitably divided? We can evaluate the financial give and take for different scenarios.
Settlement Review
& Modeling
Misunderstandings of tax consequences, retirement plan nuances, and asset valuations can amount to significant lost dollars. Make sure you understand the financial impact of a proposed settlement.
Retirement
Projections
Likely your goals and circumstances have now changed. Where does that leave you on your retirement journey? Let us run a projection based on your new expenses and resources. We can then let you know what steps you need to take to to help achieve a successful retirement.
Wealth Management Services
Once the divorce is finalized, it's important to address implementation of the divorce decree's orders. This includes dividing retirement plans, updating beneficiaries and titles, and determining the management of awarded assets. As a part of Branning Wealth Management, we can partner with you to help implement and create comprehensive strategies for the future.
How We Charge
We understand that if you haven't already, you will be paying an attorney a considerable retainer fee. We do not want to add to your financial stress and therefore charge a minimal "commitment fee" upfront. This will range from $200 to $1,200 depending on complexity and scope of your needs.
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As work is performed, an hourly rate of $100 will be applied to that fee. Once the fee is depleted, you will be billed an hourly rate on a monthly basis. Many times it may be a few months in before you even have the full financials available for me to assess. This allows you to postpone further potential payments until the work is actually done. To help eliminate surprises, you will receive a periodic statement with the breakdown of where you stand fee wise.
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Please note that once you move to a wealth management client, there is a different fee structure. For more information visit: branwealth.com
