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Money and marriage often go hand in hand. If I were sitting in a room full of female friends and I wanted to talk about sex, we would giggle, poke fun at each other, ask questions, admit to all sorts of things, and talk all […]

1.     Financial Flexibility Even without a shared bank account, romantic relationships are characterized by a sense of mutuality when it comes to divorce finances. Singles experience a level of financial freedom that coupled individuals do not. As a single person, your money is yours to spend […]

Planning for college costs is a burden and point of stress for any family with college-bound kids, but for separated and divorced parents the process can be an added point of contention and stress. Applying for financial aid and student loans has become an increasingly difficult […]

The financial devastation resulting from the COVID-19 pandemic spurred the development and implementation of several supportive programs under the Coronavirus Aid, Relief and Economic Security (CARES) Act of 2020. If you or your spouse benefited from any of these programs or provisions and are planning to […]

The financial devastation resulting from the COVID-19 pandemic spurred the development and implementation of several supportive programs under the Coronavirus Aid, Relief and Economic Security (CARES) Act of 2020. If you or your spouse benefited from any of these programs or provisions and are planning to […]

11. Understand Debt Obligations Just because it’s listed in one person’s name doesn’t mean it’s not marital. Also, some states do not divide marital debt if it’s just in one person’s name. 12. Don’t Forget About Beneficiary Designations For best results, handle beneficiary designations and […]

1) Understand the tax implications of each asset As each party negotiates dividing the marital assets, one of the biggest mistakes is not considering the tax consequences of each asset. For example, $1,000 in a bank account is not the same as $1,000 in an IRA, given […]