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Do You Need a Financial Expert in Your Divorce?

Do You Need a Financial Expert in Your Divorce?

Considering divorce can be a daunting process, especially when financial complexities are involved. Many individuals worry about the potential need for a financial expert to navigate asset division, spousal support, and valuation of complex assets, such as a business. Understanding the financial implications and seeking professional guidance can be crucial to ensuring a fair and informed outcome in a divorce.

If you are concerned about your finances or income analysis and how it may impact your divorce, talk to your divorce attorney immediately about whether a financial expert may be beneficial to assist your attorney in the divorce process.

At Koenig|Dunne, our Nebraska divorce attorneys have experience and relationships with local financial expert throughout Nebraska that we partner with frequently to best advocate for our clients.

There are many reasons why having a financial expert on your divorce team may be beneficial, including:

Asset Valuation: To accurately appraise the value of assets, including real estate, investments, and business interests.

Income Assessment: To analyze and verify income, especially when dealing with self-employment or complex financial situations.

Uncovering Hidden Assets: To identify and uncover any hidden or undisclosed assets or income.

Business Valuation: To perform a detailed valuation of any jointly owned businesses, ensuring an accurate representation of their worth and a fair division or buyout arrangement.

Pension Calculation: To determine the present value of a future pension award.

Pre-marital passive growth on investments:  To determine the passive growth valuation that should be assigned to pre-marital assets.

If you are considering divorce and are wondering if you should hire a financial expert, contact us to schedule an initial consultation to discuss your rights, options, and strategies for the best path forward. 

Angela Lennon

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