Normalizing conversations about property division and income sharing (and, of course, quantifying its effect with the use of analysis and reports) can help reduce clients’ anxiety. However, all that planning, preparation, and progress can be emphatically stalled or derailed by two words: separate property. Every […]
Divorce is a gut-wrenching experience. Whether you have been blindsided by infidelity or had to give an “I still love you, but I’m not in love with you anymore” speech to the person who you thought would be your partner for life, the grief can […]
Coping with divorce is not easy – for anyone. Although the following points may not sound financial, read them as they are. It’ll make the process much easier! Manage your behavior, not theirs Emotions and tempers can run high during a divorce, leading people to act […]
Going through a separation or divorce can be very difficult, no matter the reason for it. It can turn your world upside down and make it hard to get through the workday and stay productive. But there are things you can do to get through […]
Open a Secured Credit Card: This requires a cash deposit as a guarantee but works like a regular credit card. The payments are reported to at least one of the credit bureaus, which helps build credit. Become an Authorized User: Being added as an authorized user on […]
1. Couples Don’t Talk About Financial Stress Stress sets the stage for unhappiness, and finances are a big-time contributor to stress. What makes financial stress worse, though, is that many couples don’t talk openly to one another about their money burdens. 2. One (or Both) […]
It’s fairly common for divorcing spouses to have to decide what they’re going to do with the primary residence. Often times, an emotional decision is made to transfer the house to one person’s name. Under those circumstances, it’s fairly common that little thought is given […]
Dividing a family business can present many issues, so here are a few examples of common issues and the outcomes. The first issue is making sure to get a professional valuation of the business. Let’s pretend that Shawn and Jennifer had been married for 35 […]
One of the most significant problems with QDROs is not having them prepared before the divorce is final. The reason this is such an enormous problem is that after the divorce is final, the former spouse has no rights to something that was not legally […]
Dividing property can be one of the most challenging and complex pieces of a divorce. What appears to be an easy decision such as “I want the house, you keep the investments,” may in the end deliver a settlement nobody bargained for. Jan and Neal […]