A divorce brings about many changes in a person’s life. One of the most significant changes is the financial impact of a divorce. Spouses go from having a combined household with (usually) two separate incomes, to living apart, and supporting themselves on their own. If you are contemplating a divorce, or have already filed for…
Divorce finance
What You Should Know Before You File for Divorce In Massachusetts
Divorce can be a confusing and complicated process. Negotiating your way through the court system can be difficult, particularly if you don’t have the assistance of an attorney to guide you through the system. Here are some facts and other things you should know about filing for divorce in Massachusetts. A vast majority of divorces…
Financial Planning For and During a Divorce
A divorce brings about many changes in a person’s life. One of the most significant changes is the financial impact of a divorce. Spouses go from having a combined household with (usually) two separate incomes, to living apart, and supporting themselves on their own. If you are contemplating a divorce, or have already filed for…
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…
Ready to call it quits on your marriage? A little early planning can go far in helping you protect your finances
“Last year I saw a 10 to 15% increase in consultations in January, peaking at a more than 40% increase in March,” says Lisa Decker a certified divorce financial analyst in Kennesaw, Ga. “I refer to January as the beginning of ‘Divorce Season.’” If you’re among those who’ve decided that 2015 is the year you’ll…
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