Clement Law Center - Federal Way Family Law Attorney
Free Initial Consultation
Our office is open. At Clement Law Center, the safety and wellbeing of our clients and employees come first. In response to COVID-19, court hearings and all conferences with client and prospective clients will be by phone. We are not conducting in-person court hearings or meetings. Our staff will often be working remotely during this time. Our office will be checking voicemail and will return client calls as soon as possible. We continue to offer free phone consultations.
We offer a 25% discount to First Responders and Health Care Workers
Quality Representation & Individualized Advocacy You Can Depend On

A newly divorced spouse may benefit from a financial team

On Behalf of | Jan 18, 2019 | Divorce

Most people getting a divorce in Washington, or anywhere else in the nation, face many changes during the transition to single life. For a dependent spouse who previously relied on their ex’s assortment of financial professionals, it’s sometimes tempting to get a new team of advisers. However, it may be difficult for a newly single adult to get a clean break or fresh start if they fail to choose financial advisers more in line with their personal needs and goals.

One potential source of recommendations for financial experts is a divorce attorney. Legal counsel may be able to point a dependent spouse in the right direction as they seek to build their own financial team, which typically consists of a financial adviser, accountant and possibly an estate attorney. The role of a financial adviser is to present a clear picture of what financial life after a divorce will likely look like. This may involve making recommendations about the benefits or pitfalls of holding onto the marital home.

A certified public accountant (CPA) can act as a tax adviser or a forensic accountant. In regard to potential taxes, a CPA could determine if a settlement will be financially favorable for a dependent spouse. A CPA serving as a forensic accountant sometimes works with a divorce attorney to assess credit scores and identify assets or sources of income that may not have been disclosed by the other spouse.

At the end of a marriage, an attorney may also recommend updating wills, financial powers of attorney and beneficiary designations on insurance policies and similar documents. This process may require a referral to an estate planning attorney. A lawyer is often the person who initially coordinates actions taken by a financial team on behalf of a dependent spouse. However, these duties are usually handed off to the financial adviser once all divorce-related tasks have been completed.


Start Your Free Consultation

Our Office Locations

Federal Way Office
31919 1st Avenue South, Suite 103
Federal Way, WA 98003

Toll Free:888-351-6779
Phone: 253-954-3351
Fax: 253-815-8458
Federal Way Office Location

Seattle Office
3418 NE 65th St., Suite A
Seattle, WA 98115

Toll Free: 888-351-6779
Phone: 253-954-3351
Fax: 253-815-8458
Seattle Office Location

Bellevue Office
14777 NE 40th Street, Suite 206
Bellevue, WA 98007

Toll Free: 888-351-6779
Phone: 253-954-3351
Fax: 253-815-8458
Bellevue Office Location
FindLaw Network