Divorce Magazine

Since 1996 Divorce Magazine has been the Internet's leading website on divorce and separation. We provide advice about divorce law, divorce lawyers, family law, custody, support and other divorce related issues along with a directory of divorce professionals.

 

Financial Issues

Why work with a Financial Planner during a Divorce?

In the process of dividing assets during a divorce, many decisions have to be made. Should a distribution from a pension plan be rolled over to an IRA, or taken at this time? Should I try to keep the family residence or let it be sold and invest the funds in a smaller residence? Unless […]

How do taxes impact my divorce settlement in IL?

  All assets are not equal in a divorce settlement. Retirement accounts have embedded tax liability and a $100,000 IRA may only be worth $75,000 after taxes while a $100,000 investment account may have a $90,000 tax basis and be worth $98,000 after taxes. Anyone going through a divorce should be aware of the impact […]

How will the new tax laws impact your divorce settlement in IL?

  New legislation magnifies the impact of taxes as there are increased income tax rates, limits on deductions and a Medicare surtax that all became effective January 1st. To estimate how much the embedded tax liability is when calculating the after-tax value of proposed divorce settlements, it is critical to pay attention to key terms […]

I Am Considering Bankruptcy. Should I File for Divorce First?

I Am Considering Bankruptcy. Should I File for Divorce First? When considering bankruptcy, you may be debating if you should file for divorce first. There are some initial decisions to consider by yourself and some more complicated issues that you may want to discuss with a qualified attorney. Before you are divorced, you and your […]

How will I have enough money to survive life after divorce?

Janet Porro, a family lawyer in Pequannock, answers: Support is an important aspect of any matter involving a marriage, partnership or a couple who has had a child together. Child Support Guidelines exist in New Jersey and New York which assist individuals in arriving at a support figure anticipated to cover certain costs as to […]

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