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Individuals & Couples

Outside of divorce, very few individuals would consider asking a family law professional for advice with their investments, savings and financial matters.  Despite this fact, divorcing couples still continue to leave life-changing financial decisions in the hands of family law professionals and the courts.

In many divorces, individuals must face the overwhelming task of how best to divide a lifetime of joint income, savings, investments, and debt in a manner that provides the most favorable outcome for their specific needs.   To do that effectively requires that one consider not just the immediate impact of such decisions, but also the longer-term projections. This is precisely why a Certified Divorce Financial Analyst™ is crucial to any divorce and where Divorce Financial Solutions can assist you the most.

If you are facing a divorce situation, contact DFS today to learn how you can avoid financial mistakes and arrive at an intelligent, equitable settlement for your divorce. If your current divorce professional is not consulting with a CDFA™, don’t hesitate to contact us on your own.

Overview of Services

While our expertise allows us to address even the most complex financial situations, our focus will remain specific to your personal situation and desired outcomes. We utilize a detailed summary of your marital financial picture and work with you to find an optimal financial outcome based on your projected post-divorce needs. Our work will save you time and money in your divorce and allow you to move ahead with confidence and clarity.

Click here to contact Divorce Financial Solutions and get started today.

Pension Valuation Services

Pension Valuation For Divorce

When dividing the marital estate, it is often helpful to convert pension assets into a lump-sum figure that can more easily be measured against other retirement assets like IRA's and 401k plans. Divorce Financial Solutions can assist in valuing pensions and other income stream assets like social security. Contact us HERE to discuss pension valuation and consulting services.

MA State Pensions

Are your Future Benefits Protected?

If you have a vested interest in a Massachusetts State Pension (Massachusetts Teachers Retirement System -MTRS or the Massachusetts State Employees' Retirement System- MSERS), it is very likely one of the most valuable assets in your divorce. Despite this fact, many divorcing individuals fail to obtain the proper education or seek the professional guidance required to understand this complex but valuable asset. Dividing State Pensions without a complete understanding of the many risks involved, can have financially devastating results with potential aggregate losses (to the recipient spouse) or overpayments (from the employee spouse) totaling tens of thousands of dollars over a lifetime. In the worst cases, benefits intended for the recipient spouse can be lost entirely.

The Problem

State Pensions are too often lumped into the broad category of retirement assets by divorce professionals and the family courts. If a couple has $100,000 in the bank, it is understood that to divide that account equally means that each spouse receives $50,000. Now instead, assume that one spouse has twenty years of service as a teacher, firefighter or police office and a vested pension with the State Retirement System. What does it mean to divide the pension "equally"? When dividing a State Pension, there are dozens of topics and life-events to address, and any of them can alter future benefits. Below is a sample list of topics that require discussion:

  1. How will benefits be calculated years from now at retirement? What is the right formula to use? Read more...
  2. How do you account for service earned before/after the divorce?
  3. What if someone remarries before/after retirement? 
  4. What if someone dies before/after retirement? 
  5. What if the annuity savings fund is refunded in lieu of the pension. 
  6. Should it be required to retire under Option B, Option C? What are the advantages/disadvantages? Who should pay for the cost of that option?

The Solution

Divorce Financial Solutions provides MA State Pension Consulting services designed specifically to educate and empower State Employees on the options and potential trouble spots with their State Pensions. We will guide you through the entire process and help eliminate unintended financial mistakes. Don't leave your financial future unprotected. Contact us today to set up a pension consultation.