Category Archives: Money and Divorce

February 23, 2016

Keeping an Eye on Your Credit: During & After Divorce

Divorce is not fun for anyone nor is it a financially savvy thing to go through. You are splitting up what you own and what you owe to others. This often includes unpaid credit card balances and loans. What can Continue reading…

January 25, 2016

Patience & Divorce

Having friends scattered throughout the country has shown me just how drastic divorce proceedings and turnarounds can be. My friend in Baltimore, Maryland, who was married for 5 years with no kids, had no battles over property division, and her Continue reading…

January 13, 2016

The First Steps in My Collaborative Case

Yesterday, I attended the first joint meeting in my first Collaborative case.  We reviewed and signed the Participation Agreement and Joint Petition, and the four of us progressed efficiently through the agenda that I had proposed. My beginner’s anxiety about Continue reading…

December 8, 2015

Tax Tips: Divorce and Name Changes; 5 Action Steps

Being in the tax season moment, my next few blogs will address some common tax issues and implications resulting from divorce. The first issue/implication I will write about are name changes. It is quite common for a spouse going through Continue reading…

December 1, 2015

How Long Should You Keep Important Documents and Records?

It will really help your efforts to organize your financial affairs if you know how long you need to keep statements or documents. A survey by Consumer Reports showed that only 40% of respondents thought that they could find a Continue reading…

November 30, 2015

Tax Tips: 5 Things to Know About the Child Tax Credit

The child tax credit may save you money if you have a qualified child.  Here are the top five things to know about this credit as it relates to divorce: Depending upon your tax filing status and your income you Continue reading…

November 25, 2015

Estate Planning After Divorce

As part of organizing your financial affairs following a divorce, you should also make preparations for your financial affairs after your death. Planning your estate is an essential part of getting one’s financial matters in order at any point in Continue reading…

November 23, 2015

Cost Basis: What Is It? Why Does It Matter?

As another tax season comes to a close, there are people all over the country digging through shoe boxes and file cabinets trying to meet their tax accountants’ request for cost basis information on an investment they sold last year. Continue reading…

November 17, 2015

What is a QDRO?

For many, a significant portion of their post-divorce assets consist of a part of their former spouse’s company-sponsored retirement account. In order to split a company retirement account, the plan administrator of the pension, 401(k), 403(b) or other company retirement Continue reading…

November 11, 2015

Keeping More of Your Money in Your Family: 5 Quick Financial Tips

5 quick Divorce financial tips: These five are only a starting point. Plan your cash flow and spending carefully.  Do not over exaggerate.  You and your spouse only have so much income between the two of you.  Unless you can Continue reading…