Practical financial support to help you prepare , plan and move forward
Our services
Every separation is different, and the financial work required can change as your settlement progresses. Sorella can assist at different stages of the process, whether you are just beginning to understand your financial position or are preparing for settlement and thinking about what comes next.
Understand your current financial position
Before you can work out what you need, it helps to understand what you already know.
We can sit down with you and work through the current financial position between you and your former partner, including assets, liabilities, income, businesses and other financial interests.
Together, we identify gaps in your knowledge and help you understand what financial information or disclosure may still be required.
The aim is to give you a clearer picture of where you stand and what you need to find out next. You can then go to your Lawyer with a clear idea of what you need.
Understand the business and the valuation process
When you or your ex runs a business is part of the financial pool to be spli. Understanding its value can be one of the more complex parts of a settlement.
We can review the financial information provided about the business and help you understand what the numbers are showing.
We can also talk you through the business valuation process, review the information being relied upon and identify inconsistencies, unusual movements or areas that may warrant further questions or investigation.
This can help you be better prepared when working with your lawyer, accountant or independent business valuer.
Preparation for Lawyer and Mediation Meetings
Time with your lawyer is valuable.
We can help you prepare before meetings by organising your financial information, identifying the questions you want answered and helping you structure the financial issues you need to discuss.
We can also help you work through financial correspondence and requests so that your communication is organised and focused.
The aim is to help you make better use of the time you spend with your lawyer and keep the legal work focused on the areas where their expertise is needed.
Analyse and understand financial disclosure
Receiving financial disclosure can be overwhelming , with volumes of bank statements, financial documents and records.
We can help organise, analyse and interpret that information.
This may include reviewing bank statements, identifying accounts and transactions, tracing the movement of money, looking for patterns and highlighting information that may require further explanation or disclosure.
Rather than simply having the documents, you begin to understand what they are telling you.
Explore different settlement scenarios
A settlement figure on paper doesn't necessarily tell you what life will look like afterwards.
We can model different settlement scenarios to help you understand how various outcomes could affect your financial position . Will it allow you to live the life you would like to live?
Looking at the numbers in different ways can help you better understand the practical impact of the options being discussed and prepare for conversations with your professional advisers. This will allow you to head into offer negotiations or mediation with confidence .
Build a budget for now and your future
Separation often means trying to understand how one household becomes two and what that means for you financially.
We can build a practical budget based on your current income and expenses so you understand what life costs today and plan how you are going to meet the costs of your separation.
We can then look further ahead and model your future income, expenses and changing circumstances, helping you start to map out what your new life could look like financially.