When your New Jersey marriage reaches its end, you may find that your financial future looks a good bit different than it did during your marriage. Divorce has many financial implications, and it might affect everything from your taxes to your retirement funds. Because divorce has such far-reaching financial implications, many people going through it choose to add certain financial professionals to their divorce teams.
According to Kiplinger, divorce might be the biggest financial transaction you face during your lifetime. Financial professionals take on many different names and roles, but here are some of the types of financial professionals who may be able to help you navigate your divorce.
Certified Public Accountants
Typically, the main job of a CPA in a divorce case is to help you anticipate and plan for the tax ramifications that inevitably come with ending your marriage. However, some CPAs have training that enables them to help you in other areas. For example, if you suspect your spouse is hiding assets from you, a CPA may also work as a forensic accountant to help you get to the bottom of things.
Certified Financial Planners
The role of a CFP in a divorce is to help you not only figure out how to get by while your divorce is ongoing but also, to help position you for future financial success and independence.
If one party in a marriage owns a business, a business valuator may need to step in and help determine its value so that the two parties may negotiate a fair split.
While these are some of the people who may be able to help you amid your divorce, this is not an exhaustive list of all financial professionals who may be able to give you a leg up.