Tag 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…

August 18, 2018

Reduced Fee Divorce – For Couples Who Want a Respectful, Collaborative Divorce

Categories: Collaborative Law • Divorce

If you want a respectful, affordable and uncontested divorce without breaking the bank, you’ll want to consider a Collaborative Divorce. Do you have a reasonable level of trust and ability to work together with your spous if you have the 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 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…

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…

July 18, 2016

Divorce in the Public Eye

Categories: Children in Divorce • Collaborative Law • Divorce • Parents • Separation

Nearly every celebrity seems to have a divorce under their belt, but what about our local public figures – our children’s teachers, our mayors, city councilmen – how does the pubic feel about “those” public figures when they are facing Continue reading…

April 13, 2016

Getting Help Following Divorce, Part 2 – How to choose a Financial Planner

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

Determining who is best qualified to help you reach your financial goals, understanding what they can do for you, and getting clarity on how they get paid for their services may be a challenge if this is all new to Continue reading…

April 4, 2016

Making Cash Flow, Flow Positively

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

One of the challenges of divorce is separating income that used to be joint income, along with separating into two households versus one. This is a recipe for cash flow drain for most couples. All of the sudden the same Continue reading…