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…
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…
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…
7 Resolutions to Having a Great Newly-Divorced Year
If 2015 will mark the first full calendar year since your divorce, January may feel not only like the beginning of a new year, but also the start of a new life. Divorce is a major life change, so what can you do to make this next year a change for the better? Besides all…
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