The best way to minimize the financial and emotional pain of a divorce is to try to separate the emotional issues from the business issues associated with dividing your estate. While this is often difficult to do in most cases when the parties focus on the needs of the children and the typical schedule that […]
Financial Issues
Does New Jersey still have alimony?
Joseph Cadicina, a family lawyer in Morristown, answers: There has been much discussion and attempts to modify the alimony statute in New Jersey. In fact, the New Jersey Legislature recently proposed bills in both houses: the assembly proposed Assembly Bill number A3909 and the senate proposed Senate Bill 82750. The proposed bills were intended to […]
Will the new pension laws in Illinois influence my divorce?
Tina Abramovitch, a family lawyer in Chicago, answers: In December 2013, Illinois lawmakers approved legislation designed to remedy the underfunded pension system that has contributed to the State of Illinois’ debt problem. This new legislation is to take effect in June 2014, but pending lawsuits may delay the commencement. Multiple groups have filed class action […]
Do I really need a financial advisor to help with my divorce?
Noah Rosenfarb, a Certified Public Accountant and Certified Divorce Financial Analyst® in Short Hills, answers: You only need to use a financial advisor for your divorce if you have questions or concerns about money or if money is an issue in your divorce (i.e. alimony, child support, and division of assets or liabilities). For those […]
How many months do I have to receive alimony and or child support
How many months do I have to receive alimony and or child support before I can use it as income to qualify for a mortgage?
Georgia Mortgage and Divorce FAQs
Georgia Mortgage and Divorce FAQs “My ex-spouse was awarded the house in the divorce decree. I want the mortgage off my credit report. What has to be done to correct this problem?” The divorce decree is simply an agreement between you, your ex-spouse and the court regarding who will take responsibility for paying the existing […]
We have 2 kids under 5. What’s the best way to save for college?
The earlier you start, the greater the benefit. Depending on your state, there are some very worthwhile Pre-Paid College Plans that include tuition, dorm and fees. The price for a 4-year FL Pre-Paid Tuition Plan is about $17,000, but the cost today for 4 years of tuition is $26,000, assuming no increases. The benefit (average […]
Are there any tax consequences to a short sale or foreclosure in WI?
Are there any tax consequences to a short sale or foreclosure if the bank forgives the unpaid part of the loan?
How can I make sure he’s not cheating me out of my fair share?
“My husband’s business is worth at least $60 million. How can I make sure he’s not cheating me out of my fair share?” A business owned by your husband is considered property, which is included in his personal net worth at both the date of your marriage (if applicable) and date you separated. You may […]
Will their father or step-father be included on the FAFSA?
I’m divorced with custody of a 6th and 12th grader and planning to re-marry. Will their father or step-father be included on the FAFSA (Free Application for Federal Student Aid)?
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