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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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…
Why a Good Divorce Is Better Than a Bad Marriage for Kids
Anyone who is considering divorce knows that there is a lot of research demonstrating that divorce is difficult for children. If you’re considering divorce or in the process of getting one it can seem as though researchers are shaking their fingers at you, predicting the worst for your child. As a former divorce attorney, mediator,…
9 Tips for Dividing Your 401(k) During a Divorce
Dividing a 401(k) for a divorce settlement is less painful when you know about the plan and take the right steps that ensure both people are satisfied. A 401(k) plan is marital property, just like other possessions that need to be divided. Here are nine ways you can handle assets in the plan during a…
7 life events that can lead to divorce
Late last month, Boston Marathon bombing survivor Rebekah Gregory made headlines with the sad news that she was separating from her husband-who was also injured in the blast-less than one year after their dream wedding. Without knowing the couple, it’s impossible to say what contributed to the dissolution of their marriage, but it’s probably safe…
Divorce and Fear: How to Cope
As mediation day approaches, my anxiety rises. This, of course helps no one, least of all me. So, I work on that; daily, hourly. I breathe a lot. Not just your average in-and-out breathing. A lot of deep cleansing breaths, time outs where I lay on my bed, close my eyes, and wait for my…
How to Protect Your Company From Your Business Partner’s Divorce
Before you formed your business partnership, did you vet your partners’ marriages along with their bank statements? You may not consider it until divorce proceedings are underway, but your partners’ spouses likely own a part of your company, whether you want them to or not. In my day job as a financial strategist specializing in…
Reminders for Divorced Moms and Dads
I’ve seen the effects of divorce on children from every angle. My parents divorced when I was in my twenties, and I divorced when my child was small. In my professional life as an attorney, I’ve been assigned to represent children in contested custody cases. I’ve also taught classes on custody and child support law.…
Dependency Tax Exemptions and Divorce
During the course of a divorce, there are many issues that spouses have to resolve: property division, alimony, child custody, child support, medical insurance, and taxes. One after thought of these many issues is the child dependency tax exemption. In a divorce, spouses can agree how to allocate the dependency tax exemption. For example, if…
Divorce Confidential: Using Mental Health Professionals In Divorce
When you and your ex-spouse choose collaborative divorce, you make a commitment to keep matters out of court and focus on problem-solving in a confidential, private setting. Collaborative divorce is beneficial in that you and your ex-spouse have access to an entire team of experts, including mental health professionals to help you through the difficult…
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