Over the course of three days the U.S. stock markets lost over $3 trillion in value. The market fell by over 5,000 points. That was followed by a recovery in one day of over 1,000 points. Among all of that volatility, stockbrokers are advising their clients to hold tight as they expect the market to recover.

So how does this affect our Collaborative matters?  

For those matters that have already begun option building of equitable distribution it is critical that you revisit the marital net worth and determine how the significant drop in the market has changed the picture. Was one client taking real estate while the other was taking retirement? Are brokerage accounts being evenly split? Is the division still equitable?

And with the current uncertainty over tariffs and the affects they will have on inflation and costs, how will this affect the need for support? How accurate are budgets that have been prepared in your case? Are you taking into consideration the increased costs of living that are likely to occur? How do you even figure out what the future brings in such an unstable situation?

It is time for us to review our options and our unfinished settlements. We should also revisit our dates of valuation for assets.

Join us this Friday for Happy Hour as we continue this discussion.