https://youtu.be/HRXpvN2urz8
Temecula Valley Divorce Financial Analyst

Hi, everyone. Well, you know what we're past the holiday season. But that doesn't mean that the new year is bringing joy for everyone. Sadly, there's a very, very high divorce rate in America right now. And I'm pleased to have the expertise and support here today from a dear friend of mine, Kimberly Surber she serves as a divorce financial planner. And Kim has helped a number of my friends out during these tough times and can offer up some great advice. First of all, Kim, tell me what, what you do as a divorce financial planner.

So a divorce financial planner. Again, we're kind of looking You know, your entire financial life, but we're looking at it through the lens of the whole divorce process. So what are your assets and debts? What are up for division? You know, what are your income expenses? You know, how is the support going to be calculated Child Support spousal support in the different settlement options? How does that look for somebody? Is it successful for one year, but in three years, you're in trouble? Because if that's the case, then you know, I'm going to send them back and go, this is not a good settlement for you. Is it you know, what are the tax ramifications of the different things that are happening in the divorce process? So these are all things that I'm going to be looking at for people.

I can't even imagine the line of work, you're in it. It's got to be tough. I do know that you've been doing some workshops to help people tell us a A little bit about these workshops.

So it's called the second Saturday divorce workshop. And the one I run is for women only. There are a number of others in the community that are for men and women. So there are definitely these workshops around for everyone. But we have, it's just great to provide information and for women to come and learn. There's an attorney who speaks a mediator, because if your divorce can be mediated, it's, it's a nicer process, and it's cost a lot less money. So, Nikki Baker is our mediator. She's great. And then there's a grief counselor, and there's me as the financial planner, and we even have a real estate agent and a mortgage lender, there to answer questions because frequently people have to buy and sell homes in the divorce process, right? So you know, just being able to come And ask any question, you know, of the of these people who are the core people you're probably going to be using in your divorce.

Right, right. But that's what I said there's a whole team there with multiple resources that someone would need. What's, how's this different from a regular financial advisor? Who would say, Well, you know, I can help with your divorce what, what differentiates you with what you provide,

number one, a regular financial advisor of which I am, but what when I am working as a divorce financial planner, it really is different. I'm not looking at it as a regular financial planning process. I actually have legal software that I use. And so it really is all from the angle of the divorce process. You know, I have completely different reports that I'm doing for people when I'm doing divorce, financial planning. We're doing division of community property reports. There's a budget report showing support payments and, you know, what are all your expenses? Maybe now and after the divorce, you know, we're looking both because frequently, things will change. And, you know, mid process in the settlements, what's it look like, you know, with your income and your support and what have you, less all your expenses, less taxes, what's your bottom line? Are you going to be okay? I mean, because we need to know that, you know, there are lots of different ways to to come to a settlement. And we just need to figure out a way that works for both parties.