SPRINGFIELD, MASSACHUSETTS, USA, September 14, 2016 /EINPresswire.com/ -- A recent study conducted by Forbes estimated that the average cost of a contested divorce can range between $15,000 and $30,000, with most of that money spent on legal fees. Thankfully, there is a way to make the process more manageable, both financially and emotionally.

Freda Brown is a Certified Divorce Financial Analyst (CDFA) and the founder of Divorce Financial Services, where she works with couples in divorce to navigate the financial issues associated with the division of marital assets and help both parties rebuild their lives on reasonable financial information and planning.

According to Freda, anyone who is thinking about divorce should speak to a financial advisor first.

“The emotions surrounding divorce often cause people to forget the most basic, fundamental things,” says Freda. “I’m a good sounding board. Sometimes it feels like I’m their therapist and not their financial advisor, but that’s a part of the job. You have to listen to their issues and refocus their attention toward what’s important to them for their case.”

Any assets accumulated during marriage and divorce are considered marital property and are subject to division. As a result, you can’t take a cookie-cutter approach to a divorce. Everyone’s finances are completely different. Everyone has a different story with different problems.

“I like to look at each situation individually and suggest a course of action,” says Freda. “You need to look at the big picture of everything you have and what the end result is going to be. Don’t treat everyone the same. Come up with a plan. Consult with the client and learn what their actuals needs and wants are.”

As a CDFA, Freda can assist in the preparation of financial statements, look for inconsistencies in your spouse’s financial statement, and determine the possible tax consequences associated with the division of property, property notes, pensions, retirement, alimony and child support.

“I remind myself that these people loved each other at one time,” says Freda. “The hope is they’ll leave that marriage financially healthy and won’t pass on the burden of this experience to their children. These are things worth thinking about. Just because you don’t want to live with a person anymore doesn’t mean you can’t continue to have respect for each other.”

CUTV News Radio will feature Freda Brown in an interview with Doug Llewelyn on September 16th and September 23rd at 2pm EDT.

Listen to the show on BlogTalkRadio.

If you have a question for our guest, call (347) 996-3389.

For more information on Divorce Financial Services, visit http://www.divorcefinancialservices.net

Lou Ceparano
CUTV News
(631) 850-3314
email us here

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