In most divorce cases, each spouse has an idea of how the property should be split. Almost 100% of the time, the couple settles somewhere in-between the two proposals. Cathy can show you the estimated financial results of any given proposal by using divorce planning software for cash flow modeling. The spreadsheets and graphs will show you pictorially how the outcome may look. This gives you an opportunity to see all of your options and to weigh the advantages and disadvantages of each proposal. These same alternatives may be just the information you need to get you back on track once the divorce is final.
Let's look at a divorce plan. Sean's Initial Offer: Sean suggests that Katie gets the house ($132,000 equity) and $86,000 of Sean's retirement account. Sean will get the remaining $218,000 therefore splitting the assets equally. Sean will pay $2,000/mo alimony for 5 years and $1,500/mo child support. Katie earns $35,000/yr and Sean earns $92,000/yr. Does this sound like a fair settlement to you?
