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…
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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…
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…
9 Wedding Vows Divorce Attorneys Would Write For You
Here’s how to stay out of their offices. They may not seem like die-hard romantics but divorce lawyers are surprisingly well-suited to the job of writing wedding vows. After all, they’ve seen firsthand the types of problems that can chip away at otherwise happy relationships — and know what it takes to stay out of…
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…
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.…
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