How to search for a financial advisor with these capabilities. How would you go about searching for them without referrals?
Please don't tell me referrals. I live in a small community and I do not have friends & family available to ask because my situation is private and we earn and have acquired more than any friend or family. I am entering a divorce and I am not the primary earner in the marriage. I want to find a new financial advisor for myself. Everything I have read says to find a fee only advisor/planner. Do you agree? Why or why not?
The ulimate advisor for me would strategically assist in my divorce plan. There is approx 1 million in investments and savings. The house is paid for, and there are many additional recreational items, vehicles, and high dollar sports equipment that is owned.
We would like to process the divorce through mediation, litigation would be my spouse's worst nightmare. But I want to make sure I receive an equitable share. I live in a no-fault, equitable distribution state.
I need someone to help strategize a good distribution while taking taxes, insurance (all types including health) and future investing into consideration. Since our marriage has lasted 28years the state courts now use a rebuttable presumption based on marriage length thus 20+ years, maintenance is frequently awarded indefinitely.