1 / 20

Financial Planning for Divorce

Financial Planning for Divorce. Debbie.Hartzman.CFP.CLU.CDFA www.divorcesolution.net www.debbiehartzman.com. Three main things you will profit from today! . You can profit from your prospecting time

channer
Télécharger la présentation

Financial Planning for Divorce

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Financial Planning for Divorce Debbie.Hartzman.CFP.CLU.CDFA www.divorcesolution.net www.debbiehartzman.com

  2. Three main things you will profit from today! • You can profit from your prospecting time • You can profit from the information you have probably gathered over the years about branding yourself, providing added value, and becoming your clients only trusted advisor • You can be profiting more from your existing clients-they will beg you to take over their portfolio’s

  3. If it sounds to good to be true it isn’t ! • It is all True ! And It is all possible!

  4. 4 out of 10 people have been divorced 10% have been separated This represents 50% of all matrimonial units In 2003 there where 70,828 divorces From 1999 to 2003 there 354,147 divorces This does not include common law or same sex partners Some Statistics

  5. A few more things to note • If you add in the age factor, for the past 17 years women and men heading for divorce have been getting older. • In 2002 the average age for a divorcing women was 40.5 and for men 43.1 • The proportion of marriages expected to end in divorce by the 30th wedding anniversary was 37.9% in 2002

  6. Margaret Mead-Famous Anthropologist “We now expect an individual family to achieve unaided what a whole clan used to do”

  7. Money Makes People Anxious ! • A recent EAP study asked received this response : • IS IT POSSIBLE TO HAVE A GOOD INCOME AND EXPERIENCE POVERTY ! • 100% SAID YES !

  8. People worry about losing:

  9. SO HOW DO YOU PROFIT FAIRLY FROM PROPSECTING? • As a CDFA client expect to pay for your services • If you are working with lawyer’s and other professionals than you need to position yourself as there professional equal. • AS YOU BUILD YOUR CLIENTS TRUST YOU ARE GETTING PAID FOR YOUR TIME SPENT!

  10. AND, YOU WILL NEVER HAVE TO PROSPECT AGAIN! • Position yourself as a authority in your community • Invest in yourself in your community • Put yourself and your expertise on the line. • Educate the public and professionals about the CDFA designation and the work that you do.

  11. CDFA’s Do not Give legal advice ! Stick to giving financial advise, and refer the legal issues to the lawyers !

  12. Net Family Property Statement • Please refer to your hand out, you will have two pages. • Section 7 part C • Section 8, Debts and other liabilities

  13. Net Family Property Statement

  14. There is a tax issue! • The full amount of the marginal tax rate has been applied to the full amount of the asset. • Capital Gains is only paid on 50% of the gain at the marginal tax rate • We do not know the ACB so how can we know the gain? • Do you see how much money would have been lost if I did not draw this to the lawyers attention?

  15. Do you think this client will trust you forever knowing you have just secured her thousands of dollars that would have been otherwise lost to her? Do you think that she will ask you to be the custodian of her nest egg- a nest egg that you helped her to gather?????? Do you think this client is going to leave these assets with her estranged husband?

  16. As a CDFA you can help to negate the hostility and contamination that is prevalent in the adversarial system If you are interested in the Divorce Planning practice the first thing you have to do is set your goals!

  17. www.divorcesolution.net www.debbiehartzman.com hartzman@kingston.net Institute for Divorce Financial Analysts. Debbie Hartzman.CFP.CLU.CDFA https://www.institutedfa.com/

  18. Thank you I am available for questions

More Related