Patricia Barrett, CFP, CDFA Principal, Lifetime Planning, LLC

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The Financial Side of Divorce

Patricia BarrettOne of the most important aspects of the divorce process involves finances and this component can be complicated. To begin, everyone considering or in the process of divorce must gain a clear understanding of their finances, and how decisions made during the divorce process will financially impact the rest of their lives.

With more than 20 years of experience in finance, Patricia works with individuals and/or couples to help calculate an equitable division of assets based on individual circumstances and long-term goals.

Her seminar presentation will address the following issues and more:

• What happens to the family home or the family business?
• What kind of spousal support should I expect?
• What about pensions and social security benefits?
• How should one divide retirement plans or IRAs?
• What are taxable and non-taxable assets; liquid assets versus tax-deferred?
• What about executive benefit plans such as stock options and restricted stocks?
• What are the tax implications of your divorce settlement?


The financial side of divorce can be daunting, but it is likely the most important aspect of the divorce process. Complex financial circumstances may require special knowledge and skills most divorce attorneys don’t have. You may benefit from the advice and counsel of a certified financial planner trained in divorce matters.

Patricia Barrett is a Certified Financial Planner and Certified Divorce Financial Analyst, with more than 20 years experience in finance. She is also a trained mediator. Barrett’s goal is to offer individuals or couples a clear understanding of their finances so they can make informed financial decisions during divorce and calculate an equitable division of assets. This process also may help reduce legal fees and defuse an otherwise volatile situation. It may also help show you how to make your assets last a lifetime.

Barrett regularly attends continuing education forums, institutes and symposiums, and speaks frequently on the topic of Divorce in Texas. She became a Certified Financial Planner in 1998 and worked as a financial planner for more than a decade. Barrett started Lifetime Planning in 2004 and has studied Texas Divorce extensively, adding studies in mediation and advanced family law mediation at the University of Houston. She holds a BA in English from Abilene Christian University.

For more information about Patricia Barrett and Lifetime Planning, visit her web site at