In a divorce, money can be one of the biggest issues spouses fight over. However, when one (or both) spouses own a business, this can be an even more complicated (and sometimes uglier) fight. A common question business owners ask when they are going through a divorce is whether their spouse has an interest in…
High net worth divorce
Divorce Mediation & Negotiation Rule One: Be Cordial
Rule One: Be Cordial (Provided by © National Legal Research Group, Inc.) There is an old saying that you catch more flies with honey than with vinegar. By the time the parties are divorcing, the parties are pretty much used to dealing with each other by yelling and screaming. The lawyer should not posture in…
Divorce Mediation: Preparing Your Case
Now that you have made the wise decision to mediate your divorce case, it’s time to do your homework. As you know, mediation provides a mechanism for disputing parties to reach an amicable and well thought out resolution to a divorce, without having to depend on the court to make decisions for you and your…
Am I Going to Have to Pay Alimony?
With the enactment and implementation of the Alimony Reform Act in 2012, a popular topic among divorcing spouses is whether one spouse will be required to pay the other spouse alimony. With the Alimony Reform Act, the guidelines and requirements for awarding alimony have changed. At the cornerstone of alimony is case law that has…
Divorce and Money
you’re in the process of getting a divorce, money issues are likely to be a key point of discussion. Whether you’re the spouse of a billionaire or part of a working class couple trying to divide up the bills, money is contentious. That’s the central point of my latest book, The New Love Deal (www.NewLoveDeal.com)…
10 Things No One Tells You About Divorce
Not all divorce advice is created equal. For every good tip you receive from someone (don’t use your attorney as your therapist, keep those rants about your ex off Facebook), there are just as many unhelpful comments: “Don’t get mad, get everything!” Just no. The best source for advice you can actually use are divorcés…
Certain changes in financial behavior and conversations about money are sure-fire signs that your spouse is preparing to split up.
Over 25 years, I’ve worked on the financial aspects of more than 1,300 cases of divorce. Rarely are both spouses in sync when it comes to filing; one spouse is usually laying the groundwork before the other. In hindsight, most people on the receiving end of the filing have their “aha!” moment. One homemaker told…
Resetting Your Retirement After Divorce
When couples divorce, long-term financial priorities sometimes receive the least attention. Many money issues are about immediate needs – where to live, how to handle everyday expenses and if there are kids, how to support their needs in two households, not one. This is why retirement planning can face serious obstacles post-divorce. In marriage, a…
Handling Your Divorce Like an Air-Traffic Controller
The stresses placed on divorcing couples, who are making decisions about custody, spousal support, equitable distribution and parenting plans are not unlike those of air-traffic controllers, who are trying to safely land multiple jumbo jets coming in on multiple runways. Perhaps these aren’t life or death decisions, but that depends entirely on your perspective! I…
Divorce Can Mean a Trip Down the Economic Ladder for Women
Divorce can be a one-way ticket down the road to financial instability for many women, especially for those who are middle class or low-income. It can mean a loss of work hours, more time (and expense) devoted to childcare and a cold slap in the face when it comes to finding a job or finishing…
You must be logged in to post a comment.