BRANFORD, Conn., Oct. 27, 2016 /PRNewswire/ -- CUTV News announced today that Freda Brown, founder of Divorce Financial Services, has been featured in an exclusive sit-down interview with host Jim Masters on the financial challenges of divorce.
All assets accumulated during marriage are considered marital property. When a couple chooses to file for divorce, these assets are subject to division.
According to a recent study conducted by Forbes, the average cost of a contested divorce ranges from $15,000 to $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 helps individuals and couples to navigate the financial issues associated with the division of marital assets and reach a settlement that is financially equitable for both parties.
"Anyone who is thinking about divorce should speak to a financial advisor first," says Freda. "I give my clients an educational view of their situation so they can make informed choices."
According to Freda, different couples divorce for different reasons. Each couple has a different story and different problems. Most importantly, everyone's finances are completely different, so you can't take a cookie-cutter approach.
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.
"There are a lot of questions divorcing couples don't ask themselves before they begin this process," says Freda. "So my clients value the input I give them because it allows them to get past the emotions of the situation and move forward."
For more information on Divorce Financial Services, visit www.divorcefinancialservices.net
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SOURCE CUTV News