Financial Early Neutral Evaluations (FENE) includes property valuation, the calculation of non-marital interests, division of assets, division of debts, and sometimes spousal maintenance.
At this initial meeting, the evaluator will ask a series of questions to better understand the financial issues at hand. Also at this meeting, the evaluator will also determine if any other information is necessary to reach a decision. The primary purpose of a FENE is to offer parties with an early neutral evaluation of financial issues with the hope that they will be able to reach an early settlement to reduce the chance that the parties’ financial resources will have to be spent dealing with costly litigation. FENE sessions are generally handled by one neutral evaluator, either a lawyer or a CPA, who has a substantial understanding of financial issues involved in divorce and family law matters. The entire process must be completed within 60 days. Within that period, the evaluators will contact the court regarding whether a partial or full settlement was reached by the parties.