Frank R. Palino, EA, CDFA, A Principal at The Green Group, CPA's is qualified to help you achieve a win-win situation in your divorce settlement.

Having gone through a divorce myself, I understand that it is a stressful time in your life. The key is to have the right person to help you prepare financially for the end result. Asset and debt distribution will affect you for life. With proper planning and expert help from professionals specializing in financially equitable divorce settlements, you can increase your chances of arriving at a settlement that fully address your long-term financial needs. It is important to not let your emotions control your decisions.

Developing comprehensive insight of the short-and long-term financial effects of divorce can save valuable time, money and distress, especially if the process is conducted early in the legal proceedings. Many separating couples seek individual legal assistance before assessing their financial situation. While lawyers serve a crucial role as individual legal advocates, they are not necessarily there to explain financial consequences in detail.

Some key elements to be aware of are:

How a financial analysis is conducted and who conducts the financial analysis is very important. Remember, the decisions you make now will affect you for the rest of your life. Financial decisions must be made that not only take care of immediate needs, but retirement needs as well.

Understanding the issue at hand is important. Think through what the divorce will really cost you in the long run and develop a realistic monthly budget during the financial analysis process. Expenses such as life insurance, health insurance and cost of living increases must be taken into consideration when agreeing on a final financial settlement.

Being able to think creatively will help get you to a point of satisfaction. Be aware of all tax liabilities and benefits.

I have 33 years of tax experience, 6 years with the Internal Revenue Service and 27 years in public accounting. This experience is essential in helping you to understand the economics and tax issue that will arise.

Divorce analogy is a specialized way of achieving a financially fair divorce settlement. By evaluating the proposal of you and your spouse, I can offer financial guidance and the understanding of tax issues that will help you in the present and in the future.

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