The two things that people worry about most in divorce are their money and their kids. Unfortunately, worrying about money doesn’t prevent those same people from making enormous financial mistakes in divorce. Here are a list of the top financial mistakes people make in divorce. Once you know … Read more about 10 Financial Mistakes in Divorce You Don’t Want to Make
Divorce Financial Issues
Two things most sane people seek to avoid are divorce and taxes. Unfortunately, when you’re going through a divorce, not paying attention to taxes can cost you thousands. That's especially true with the new tax law changes going into effect this year and next. Now more than ever, not understanding … Read more about Divorce and Taxes: Will the New Tax Law Changes Cost You More?
If you’re going to get divorced, it usually doesn’t matter too much when you do it. Unless your business is on the verge of going public, or you’re about to inherit a million dollars, the timing of your divorce is generally not a big deal. But now that Congress has changed the alimony tax deduction, … Read more about The Alimony Tax Deduction: Will 2018 Be the Best Year to Divorce?
A house is more than a bunch of bricks and two-by-fours. It’s even more than just a place to live. A house represents stability, security, and status. For most of us, our home is also the biggest asset we have. It’s no wonder that so many people fight to keep the house in a divorce! But, should … Read more about 6 Reasons NOT to Keep the House in a Divorce
What do life insurance and divorce have in common? Besides being confusing, they’re both uncomfortable realities that most people would rather avoid. They are also often intertwined. If you don’t understand how life insurance works in your divorce, you and your loved ones can suffer huge financial … Read more about Life Insurance and Divorce: Are You as Secure as You Think?
When you’re going through a divorce, hiring a divorce financial planner seems like one more expense you honestly don’t need. If you’re like most people, you probably assume that you have enough common sense to figure out your finances yourself. With your divorce expenses mounting, divorce financial … Read more about 8 Ways Divorce Financial Planning Can Help You Avoid Costly Mistakes
Divorce and health insurance rank at the top of list of complicated and painful things you would rather not think about. That’s not surprising. Getting divorced is like having a hurricane drop into your life. Suddenly, everything in your world is whirling around you and you don’t know what to do … Read more about Divorce and Health Insurance: Does COBRA Make Sense For You?
You are facing divorce and the only two assets you and your spouse have got that are worth anything are your house and your retirement accounts. You could keep the house and give your spouse the retirement accounts, or vice versa. But you are not sure which is best. How do you decide who gets the … Read more about How to Decide Who Gets the House in a Divorce
One of the scariest parts of getting divorced is wondering whether your ex is going to take you to the cleaners. Sadly, when it comes to divorce and money, there are no guarantees. We all know people who have been left financially devastated by an ex who seemed to be hell-bent on destroying them. … Read more about Divorce and Money: 8 Tips to Keep Your Ex From Hurting You Financially in Divorce
I was totally blown away. Being a well-educated, professional person who has been part of the “divorce industry” for decades I thought I was pretty savvy about most things having to do with divorce. So, when I sat down to write an article about health insurance after divorce, I thought it would be … Read more about The 5 Most Important Things to Know About Health Insurance After Divorce
Talking about the tax implications of a divorce settlement is not exactly the stuff of a light-hearted cocktail conversation. If you are like most people, you probably figure that you have as much of a chance of understanding taxes in your divorce as you do of mastering discreet math. Yet, not … Read more about How Not Understanding Taxes in Your Divorce Can Cost You Thousands
Unless you happen to be a multimillionaire, divorce causes a massive hit on your lifestyle. Suddenly you have to find a way to do a whole lot more, with a whole lot less. Here are 50 ways to save money after divorce. 1. Make a Budget. Even if you don’t stick to it religiously, just knowing where … Read more about 50 Ways To Save Money After Divorce
There is so much about divorce that just doesn't seem fair! If your spouse wouldn't get a job, or didn't make as much money as you did while you were married, or if your spouse refused to save money while you scrimped and scraped to build a nest egg, it seems horribly unfair thatyour spouse will … Read more about Do I Have to Give My Spouse Half If We Divorce?
The biggest assets most people have are their home and their retirement plans. So, it is no surprise that dividing these assets when a couple divorces is tough. While dividing a couple’s interest in their home and in their retirement plans can both be complicated, it is especially tricky to divide … Read more about How to Divide Your Retirement Plan in Divorce
Sue Ann Hamm, the now ex-wife of billionaire oil tycoon Harold Hamm, is said to be planning to appeal the $1 billion divorce judgment she recently received from an Oklahoma judge. Apparently she is disappointed with the outcome of the case and doesn’t think that it’s fair ... What??!!! How can one … Read more about Divorce Settlement: Should You Stand on Principle?
When thoughts of divorce first enter your mind, they are usually followed pretty quickly by thoughts of money. After all, getting divorced is expensive. What’s more, its normal to be worried about how you are going to survive after the divorce is over. In order to figure out whether you are going … Read more about How Do I Know if I Can Afford to Get Divorced? The Art and Science of How to Make a Budget
Judith Saunders, a retired British teacher, recently spent five years and £100,000 (that's over $164,000.00) in a London court trying to get back the wedding ring she bought for her now ex-husband when they got married forty years ago. The ring cost £550 (approximately $900.00). Crazy? I think so. … Read more about Divorce and the Family Jewels: What if You Are Fighting Over Jewelry in a Divorce?
I recently read an article about a divorcing man who converted his life savings into gold and then threw it away in the trash, just so that his wife couldn't get it. Or, I should say, he "allegedly" threw it away. He says he threw it away ... but no one saw him throw it away and he has no proof that … Read more about 5 Steps to Take if You Think Your Spouse is Hiding Assets
Bloomberg News recently ran an article about a former Wall Street portfolio manager who has been jailed so many times for failing to pay alimony that he now wears a nicotine patch and scrawls important phone numbers on his arm in permanent ink before he goes to his family court hearings. … Read more about Permanent Maintenance? Better Have a Plan B!
I recently read an article about Dan Auerbach, the lead singer and guitarist for the Black Keys. He just divorced his wife, Stephanie Gonis. In the property division, she received $5 million, one of the couple's homes, a Toyota Highlander .... and a lock of Bob Dylan's hair! From a legal … Read more about Property Division in Divorce: Don’t Sweat the … Stuff!