Divorced woman reviewing personal finances with support from Plumb Bill Pay.

Finding Financial Clarity After Divorce with Plumb Bill Pay

AT A GLANCE

CHALLENGES

  • Pending divorce settlement, alimony, and child support
  • Complex financial portfolio
  • Overwhelming paperwork and disorganized financial records
  • Missed payments and bounced checks during transition

    • BENEFITS

  • Streamlined bill pay and restructured banking
  • Implemented compliant payroll and HR support for household staff
  • Monthly financial reporting and cash flow management
  • Compiled historical financial data to support divorce litigation and settlement

    • Objectives

    A high-net-worth couple with a $7 million net worth was navigating a divorce when one spouse, unfamiliar with managing day-to-day finances, was left to handle a complex financial situation alone. A trusted advisor brought in Plumb Bill Pay to bring structure and stability during this transitional period.

    Challenges:

    • Lack of experience with bill pay, budgeting, and cash flow management

    • Pending alimony and child support decisions creating financial uncertainty

    • Multiple investment properties and bank accounts requiring coordination

    • Overwhelming paperwork and disorganized financial records

    • Missed payments and bounced checks during the transition

    • Household employees and an international vacation home adding complexity

    Solutions

    Today, the client enjoys financial peace of mind, knowing her bills are paid on time, her household is well-managed, and she has reliable financial systems in place. With a clear picture of her finances and professional support, she can confidently move forward with her new financial reality.

    Plumb’s Role and Support:

    Plumb stepped in to bring structure and clarity to the client’s complex financial life during and after the divorce process. The engagement included:

    Financial Organization & Cash Flow Management

    • Re-structured bank accounts for improved budgeting (e.g., one for regular bills, one for vacation savings)

    • Implemented cash flow monitoring to ensure consistent financial oversight

    • Set up automated reminders (“ticklers”) for payroll, credit cards, and bills to prevent missed payments and penalties

    • Created and managed a vendor list to eliminate duplicate bills and resolve outstanding balances

    Household Payroll & HR Support

    • Processed payroll for household staff in full compliance with labor and tax laws, reducing client liability

    • Provided HR support for 5–8 employees, including caregivers, drivers, housekeepers, and nannies

    • Assisted with payroll, health insurance, and other employment-related matters

    Reporting & Documentation

    • Delivered accurate monthly financial reporting and bookkeeping

    • Tracked key financial data such as alimony, investment property income, and separate expenses

    Litigation Support

    While the divorce was still in litigation, Plumb analyzed and organized two years of financial history to help attorneys assess lifestyle expenses and determine fair child support and alimony amounts. This documentation played a key role in finalizing the settlement.

    Take the First Step

    Request a consultation to learn how Plumb Bill Pay customizable service offerings can help you save time, gain clarity and remain in control.

    Request a Consultation