Category Archives: Money and Divorce

April 2, 2019

Avoid Tax Surprises – Adjust your W-4!

It’s important for divorcees to review and adjust their W-4 payroll withholding or start to make quarterly tax estimates following their divorce. Often, they are so relieved to have reached settlement, they fail to think about these housekeeping items. If Continue reading…

February 3, 2019

Tax Planning – Bonuses Gone Bad!

Categories: Divorce • Finances and Divorce • Investments and Divorce • Money and Divorce • Money and Finances • Taxes • Taxes and Divorce

It is important to review and discuss tax planning for the year in which a divorce was completed, especially for high earning individuals who receive incentive compensation and plan to be divorced by December 31, 2018. As part of the Continue reading…

January 20, 2019

Splitting Investment Income on Tax Returns

Categories: Divorce • Finances and Divorce • investing • Investments and Divorce • Money and Divorce • Money and Finances • Taxes • Taxes and Divorce

When a joint investment account is divided, the financial institute will use only one Social Security number to report the earnings and thus only one 1099 will be issued for that account. For example, following their divorce, Dick and Jane Continue reading…

July 15, 2018

How Can a Mortgage Professional Help With Divorce?

Categories: Financial Goals • Money and Divorce • Money and Finances

It goes without saying, but I’ll say it anyway…divorces are complicated! There are many questions that an experienced mortgage professional can help answer before you finalize your divorce. For example: Can one of us afford the family home or do Continue reading…

June 1, 2018

Top Tips to help you Thrive Financially

Categories: Budgeting • Divorce • Finances and Divorce • Financial Goals • investing • Money and Divorce • Money and Finances

Your divorce is over. It’s time to start sorting through all the things you need to do, to get your financial life in order. Here are just a few tips to help you thrive financially, as you move into this Continue reading…

February 3, 2018

Should Your Spousal Support Increase with the Cost of Living?

Categories: Child Support • Divorce • Money and Divorce • Money and Finances

Spousal support that lasts more than a couple years may be subject to cost of living adjustments (COLAs). This is negotiated as part of your divorce settlement. As the cost of living goes up, spousal support can increase as well, Continue reading…

January 6, 2018

The House Decision

Categories: Divorce • Finances and Divorce • Money and Divorce • Money and Finances

Divorce has a way of completely upsetting one’s expectations for the future. One day things are moving along just fine, and the next you are making decisions that will impact the rest of your life. One of the big decisions Continue reading…

January 20, 2017

Should I Stay or Should I Go? The Tax Impact of Selling Your Home During Divorce.

Categories: Divorce • Finances and Divorce • Money and Divorce • Money and Finances • Taxes • Taxes and Divorce

When divorcing, whether one spouse stays in the family home is often a pivotal decision. For most, there are several considerations that go into deciding whether to sell or stay. The tax impact of selling the marital home is unlikely Continue reading…

September 20, 2016

Cooking for One

Categories: Budgeting • Children in Divorce • Divorce • Finances and Divorce • Money and Divorce • Money and Finances • Parents • Separation

You may find cooking a daunting enough task as it is, but cooking for just one can be downright grueling, and can often lead to unhealthy eating. If you find yourself undereating, forgetting to eat, going through the drive thru, Continue reading…

August 1, 2016

Divorce Blog about Divorce Blogs

Categories: Collaborative Law • Divorce • Family Law • Finances and Divorce • Money and Divorce • Money and Finances

While researching for this post, I came across a number of divorce-related blogs. The blog medium provides an efficient and concise opportunity to share information and educate the public. This blog focuses on the collaborative process — where clients commit Continue reading…