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
Winning the Lottery and Then Getting Divorced
The odds of any person winning the lottery are very slim. However, if someone does win the lottery, and he/she is married at that time, under Massachusetts law, the lottery winnings are a marital asset. Under Massachusetts law, all property owned by one spouse individually, or both spouses jointly, is considered marital property. That means,…
Getting Divorced? Do Not Ignore Your Credit Score (and How to Rebuild it if You Did)
Credit scores are one of the most critical finances pieces of recovering financially from a divorce. Credit scores are also one of the most overlooked pieces of post-divorce, as I’ve found by communicating with thousands of followers of my blog, WealthySingleMommy.com. I reached out to Gerri Detweiler, director of consumer education for Credit.com, and author…
8 Pieces Of Advice For Divorce In Your 20s
It’s easy to be hard on yourself when going through divorce in your 20s. While all your friends are busy planning their weddings on Pinterest, you’re planning a new life without your spouse and dealing with mounting legal bills. To make the process a little easier, we asked experts — divorce lawyers, psychologists and financial…
5 Ways to Help Your Kids Thrive After Divorce
Divorce is prevalent in American culture nowadays. All divorces are painful, but those between parents of small children can be particularly hard, since you worry about your children’s emotional welfare on top of all of the other stressors involved in your divorce. Amidst all of the pain and chaos of your divorce, making sure the…
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…
Divorce Questions: How Does Adultery Affect A Divorce Case?
Marriages can end when one member of the couple discovers that the other has had an adulterous relationship. How important is the impact of the extra-marital relationship on the divorce itself? Legally, the answer varies from state to state. In some states, there is very little impact at all while, in others, it can have…
Getting divorced without breaking the bank
Jennifer Zoschak, a partner in the family law firm of Oswald & Zoschak in Lawrenceville, New Jersey, handled the divorce of a couple that had been married for more than 20 years. The wife-who she represented-earned 40 percent less than the husband, so Zoschak knew that alimony would likely be part of any settlement they…
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…
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