A husband and wife approached CEO Financial Services to help them navigate through a difficult transition in their lives. The couple, who shared responsibility for operating a business, was divorcing. Bringing in a neutral third party allowed the business operations to continue apart from the couples’ marital transition.
CEO Financial Services was hired to take over the finances in a case where the wife was the primary bookkeeper of her husband’s professional office. While it is not uncommon that a couple share responsibility in a small business, a divorce proceeding makes such an arrangement unworkable. Hiring CEO Financial Services enabled the business to continue operations without loss of productivity or income.
The couple also benefitted from the advice provided by Carol O’Neil, who is a certified divorce financial analyst (CDFA) with specialized training in the financial issues that arise through a divorce.
The result was that each spouse had the same financial data available through the divorce proceedings, and the accountants and attorneys working on behalf of the couple had ready access through CEO Financial Services to the information they needed.