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How Much Spousal Support is Enough?

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Many couples going through a divorce know that some level of spousal support may be needed but have no idea how much or for how long. Most lawyers will go by your budget numbers, which in my experience, are almost never accurate. You may be surprised to learn that many people do not know how to build an accurate budget or how much money they will need to save for retirement, emergencies, expenses etc. Lawyers are also paid to do their best for their clients so if you’re the payor, they will argue for the lowest number possible and if you’re the recipient, they’ll argue for the highest number possible. There is a better way!

So where’s the right number and how do you find it? Here’s what a Chartered Financial Divorce Specialist (CFDS™) does to help. We are able to prepare a comprehensive financial projection for each party, years into the future – including all expenses, income, assets, and liabilities. Essentially, each party will walk away with a full financial plan reflecting the settlement agreement they are considering accepting.

Once you have that powerful data in front of you, it becomes really easy to find the sweet spot that is a win for both parties, not to mention relieved to have a path and plan to move forward. We want you and your former spouse to move into the next phase of your separate lives with hope and certainty. The numbers will help you to have confidence in your financial future – a future that you can continue to build upon. Divorce is the beginning of the rest of your life and your retirement dreams are still very much achievable.

Once we can show that both parties can still reach their financial goals if they pay or receive a certain level of spousal support, they’re far more likely to reach an agreement. Don’t spin your wheels trying to convince the other side you’re right without the numbers to back you up! So contact us. We’re here to help.

About Lindsay Sparrow

MBA, CFP, CFDS

Lindsay has worked as a Certified Financial Planner & Investment Advisor for the past two decades. Lindsay is a transition expert who does her best work when clients are going through a significant life change. As a Certified Financial Divorce Specialist, Lindsay makes sure her clients walk away with what is rightfully theirs. 

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