"Nothing matters more in winning than getting the right people on the field. All the clever strategies and advanced technologies in the world are nowhere near as effective without great people to put them to work." – Jack Welch, Winning.
In a divorce, the focus often lies on distributing real property and assets, overshadowing the importance of life post-divorce. While 'winning' might not be the ideal term, having the right team can make a significant difference.
Assembling Your Professional Divorce Team
Just like you hire a mechanic for a broken car or a doctor for health issues, hiring the right professionals during a divorce is crucial. Here’s why each team member is essential:
Family Law Attorney
A divorce attorney provides legal advice and advocates for you, handling complexities such as dividing the marital estate, child custody matters, and more. They ensure you make informed decisions and address unexpected issues effectively.
Divorce Financial Planner
A Certified Divorce Financial Analyst (CDFA®) helps you understand how today's financial decisions impact your future. Financial advisors, whether CPA, CFP®, or CDFA®, are critical, especially when financial issues are a primary cause of divorce.
Certified Divorce Lending Professional (CDLP®)
Integrating divorce mortgage planning into the settlement process is crucial. A CDLP® understands the intersection of family law, financial and tax planning, real property, and mortgage financing, providing strategic solutions that benefit both spouses post-divorce.
Divorce Coach
A divorce coach supports, motivates, and guides individuals through the divorce process. They help you make the best decisions based on your interests and needs, reducing the negative impact on your family.
Certified Divorce Real Estate Expert (CDRE™)
When selling the marital home, a CDRE™ facilitates the transaction with integrity, ensuring the process is smooth and unbiased. They provide valuable expertise in real property matters within family law cases.
Why Diversity in Your Divorce Team Matters
A diverse divorce team brings various perspectives and innovative strategies to the table, resulting in better decisions and outcomes. Each professional's unique expertise contributes to a successful divorce settlement, helping both spouses move forward positively.
The Role of a Certified Divorce Lending Professional
A CDLP® plays a pivotal role by:
- Identifying strategies and solutions for mortgage financing during and after the divorce.
- Ensuring the settlement agreement aligns with mortgage guidelines.
- Helping both spouses understand their home equity solutions and avoid potential conflicts.
Contact a CDLP® Today
A Certified Divorce Lending Professional can help you navigate the complexities of mortgage financing during a divorce. For a comprehensive guide to credit, real estate, and mortgage financing after divorce, contact a CDLP® for a copy of the Divorcing Your Mortgage Homeowner Workbook.
Disclaimer
This article is for informational purposes only and not intended as legal or tax advice. Consult an attorney or tax professional for specific advice. Interest rates and fees are estimates and subject to market changes. This is not a commitment to lend. Rates change daily—call for current quotations.
Copyright 2023 Divorce Lending Association. No portion of this post may be reproduced without written consent from the Divorce Lending Association.
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