Divorce
One household is becoming two. Each needs a plan that stands on its own, and a clear view of what it starts with.
The end of a marriage or long-term partnership. One household becomes two, and what the couple held jointly, including friendships, has to be divided.
What changes
Dividing what a couple holds raises three questions that a balance sheet alone does not answer.
What each asset is worth after tax
Under §1041, property moving between spouses in a divorce is not taxed at the time, and the spouse who receives it takes over its original cost. Two assets of the same value can carry very different tax bills when they are later sold.
Retirement accounts
An employer retirement plan is divided by a qualified domestic relations order, a court order the plan itself has to accept. Without one, a transfer can be taxed as a withdrawal.
Two plans that stand alone
Each household needs its own cover, its own beneficiaries and its own will. Documents written for one household still name it until they are changed.
What it strains, what it draws on
A divorce tends to strain confidence, money and the friendships a couple shared, and it can draw on renewed energy and the skills each person brings.
Strains: the parts of a life this Transition tends to draw down. Draws on: the parts it can strengthen, and that help carry it. Both come from the Human Wealth ontology.
How the ontology maps TransitionsWho works on it
The work is shared across these Services, alongside your attorney and accountant. Your counsel stays; we keep the plan in one piece.
Legacy Planning
Trusts, the will and every designation are reviewed with your attorney, who rewrites what can be rewritten.
Read moreInvestment Management
One portfolio becomes two, each built to stand on its own.
Read moreTax Planning
Assets are divided with their tax cost in view, as well as their value.
Read moreRisk Mitigation & Asset Protection
Cover and beneficiaries are reset for two households.
Read more
Common questions
Start with a conversation.
You do not need a balance sheet or a date. Tell us what is changing, and we will tell you plainly whether we are the right office for it.