Division of assets and debts may sound easy, but it is often not. Read on about the tax consequences of property and debt division in divorce.
Property Division
4 Common Divorce Regrets – and How to Avoid Them
While a divorce can greatly affect you emotionally, it can also impact you financially. As you go through the divorce process, remember that the decisions you make now will have long-term effects on your future. As a Certified Divorce Financial Analyst (CDFA), I’ve seen people make numerous mistakes as they went through a divorce, especially when […]
Dissipation of Assets in Divorce: What You Need to Know
Divorce is a time of great distrust of between spouses. Such distrust is most likely at the root of the many possible reasons for the divorce. If money seems to be disappearing, either during the marriage or since the initiation of the divorce, it is possible that there is spending that qualifies as dissipation. What […]
Who Gets the Family Home in a Divorce?
People work hard in this country to acquire and maintain their family home. In most families, the family residence is the most significant asset, both from a financial standpoint and from an emotional standpoint. In addition, the mortgage obligation that is tied to the family home is almost always the most significant debt of the […]
Marital Agreements in California: How to Protect Yourself
When it comes to martial agreements in California, having something in place can help you protect your assets during a divorce.
What to Do with the Family Home: 3 Options to Consider
Some people think the house is the trophy. Most likely it will prove to be the booby prize. Financially, it can become a rock around your neck. How so? Think about it: When you bought that house, your household income was double, or more, of what it will be in the future. That house was […]
The Importance of Financial Disclosure in Divorce
As is often the case in divorce, one spouse may not have a complete knowledge of the marital financial situation. Before productive settlement discussions can occur, both parties must be on the same page and have full financial disclosure regarding all the property and debt they acquired during the marriage. Agreeing to a property settlement […]
Things to Consider Regarding Your Credit Cards During a Divorce
When you and your spouse have credit cards, there are several things you must keep in mind during your divorce. Here’s what to look out for.
5 Benefits of Addressing Your Divorce Issues Now Versus Later
While you may want to avoid the pain, effort, and cost of a complete divorce settlement — the benefits of addressing divorce issues now can help you later.
Beware of ‘Double Dipping’ When Valuing a Business During Divorce
When valuing a business during a divorce, you run the risk of counting the value of the business twice. This concept is called “double dipping.”
Follow Us on Social Media