Making a list of expenses and a budget can help to create a more financially secure post-divorce future.
Divorce Financial
Is Divorce Mediation Right for Me?
A look at the five major principles of divorce mediation, which are that it is voluntary, private, confidential, self-determined, and based on informed decision-making.
If You’re Thinking About a Prenup, Get a Lawyer
There are any number of reasons why a couple may decide to sign a prenuptial agreement. Some may want to take a “what’s yours is yours, what’s mine is mine” approach to their marriage if things don’t work out. Brittany Spears was worth a fortune when she divorced backup dancer Kevin Federline, who was not. Thanks […]
Alimony, Child Support, and Taxes
The issues of alimony, child support and taxes frequently confuse and confound people as they are going through the divorce process, and that need not be the case. Each has its own factors to consider and can be taken individually for better understanding. Alimony, which may also be referred to as spousal support or spousal […]
Tax Considerations Before and After Divorce
When people are going through a divorce and/or have just finalized a divorce, they often forget about tax consequences and considerations. That is a critical error on their part that could prove to be very costly. Divorce can take a financial toll, so it is financially prudent to take advantage of any tax benefits that […]
Step 2 in Preparing for Divorce: Align Yourself with Professionals
As a continuation in my series of how to prepare for divorce, we’ll explore who you need to work with for the best counsel in order to get an outcome that supports your future. Step #2 – Align yourself with professionals First, think about the process you and your spouse will want to undertake. Ask […]
WATCH: Understanding Your Income During Divorce
Understanding your income during divorce is crucial to gaining control of your finances – and life. The first step to prepare a written, detailed, up-to-date budget. Here’s how.
8 Steps to Cope with Financial Uncertainty and Divorce
We’ve all heard that money is the number one reason for divorce. Even if it’s not wholly accurate, finances can strain a marriage and negatively affect children.
The California Supreme Court Redefines Date of Separation in Divorce Cases
On July 20, 2015, the California Supreme Court held “that living in separate residences ― is an indispensable threshold requirement (Norviel, supra, 102 Cal.App.4th at p. 1162) for a finding that spouses are ―living separate and apart for purposes of section 771(a).” In Footnote 7, the Court states, “Under the facts presented by this case, […]
Rules for Planning Your Child’s College Education
It is that time of year when high school seniors are determining where to go to college. Four-year university or community college? New Jersey public school or an expensive private school? If you are an intact family, you are probably determining how much the family can afford and making decisions about college, free from any […]
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