It may surprise many people that the close quarantine requirements of 2020 have not resulted in an increase in divorces, and in fact, divorce rates may have declined. An even bigger surprise might be that the same rules for marriage to succeed also apply to successful divorces. […]
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 […]
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 […]
For simplicity, let’s assume that the wife is the lower wage-earning spouse in the examples below. If a couple has been married for 10 years or longer and they get divorced, the wife is still entitled to half of her ex-husband’s Social Security Retirement Benefits […]
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 retirement account,” may in the end deliver a settlement nobody bargained for. Peggy and […]
As of January 1, 2009, a new housing law placed a restriction on the $250,000 exclusion allowed on gain from sale of a principal residence. If there is a period of “non-qualified” use after 2008, the portion of the gain allocated to that period won’t […]