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Most Popular Books Most Popular Resource: Distribution of the marital home often poses special problems in the process of marriage dissolution.
   

Tips for Organizing Your Finances Before Divorce - If you are going through, or about to go through a divorce, you likely know that money plays a big role in the “uncoupling”. How long you were married likely will impact how much your financial lives have become entangled. Now comes the hard part: Untying those knots while still having peace of mind...
Becoming Your Own CFO - It is estimated that 90% of women will be in charge of their finances at some point in their lifetimes. Becoming a widow or being divorced are two common ways this happens. Women may become their own Chief Financial Officer suddenly and without notice...
How Can a CDFA Help Your Divorce Cases - A typical case involves financial services from the initiation of the case after the initial filings. The attorney and financial planner meet with the client to discuss the legal and financial strategy...
A New Way to Look at Lifestyle Analysis - Lifestyle analysis is primarily used to establish the historical pre-divorce standard of living for determining spousal support. Additionally, the courts consider the future needs of the supported spouse and the ability of the supporting spouse to provide for those needs...
Divorce and Estate Planning - Wills for both spouses are often drawn up sometime during the marriage--particularly if there are children involved. When divorce is contemplated, the selection of beneficiaries and executors will likely be revised to reflect the absence of your former spouse...
The Financial Side of The Decision to Exit Your Marriage - Choosing to divorce can be a difficult decision. The prospect of a major change in lifestyle, relationships, and finances can make a person’s head spin with uncertainty even if fixing the marriage seems impossible. Many couples simply carry on and try to keep up appearances...
Considerations in Keeping the Marital Home - It is a common practice among divorcing couples, to try to keep the marital home. Whether it is to keep stability in the lives of children or because there are emotional connections to the property, holding on to the marital home is often proposed in many property settlements...
Top Five Reasons for Hiring A Certified Divorce Financial Analyst During the Divorce Process - By using a CDFA, you can have a clearer view of your financial future. Only then can you approach a legal settlement that fully addresses your financial needs and capabilities. A legal settlement that floats back and forth between attorneys, without the client having a clear understanding of all financial ramifications, can be detrimental, time consuming and expensive...
Tips to Help You Rebound Financially After an Uncontested Divorce - Part I - Even the most amicable of uncontested divorces will have an impact on your finances. In addition to the loss of your spouse’s income, you can also lose your moral support, retirement benefits, and often safety net that comes from having a partner...
Tips to Help You Rebound Financially After an Uncontested Divorce - Part II - Obtaining an uncontested divorce in Florida comes with many benefits. An uncontested divorce will minimize your time spent in court, speed up the entire divorce process, and put you in the driver’s seat in deciding some of the most important issues associated with divorce...
Divorce and Retirement - Divorce mediators always have to consider a couple’s retirement assets like pensions, IRAs and 401ks, when helping couples draft a divorce agreement. When older couples get divorced, the importance of retirement assets increases. Divorce mediation offers couples an opportunity to ensure that both husband and wife are getting their fair share...
How Much Does Divorce Cost? - Paying a lot of money for a divorce is the last thing you probably want to do. And with good reason. Divorce can get expensive. It can bankrupt families. Ruin lives. And steal your children's future. So it's smart to understand just how much does divorce cost and what are your options for getting one...
Watch Out for the Emotional "Ties That Bind" - In my role as a Financial Professional who holds the CDFA, (Certified Divorce Financial Analyst) designation, I have witnessed the good, bad and ugly when it comes to the impact of unchecked emotions may have in the divorce process...
Divorce and Social Security - If you're married, it's possible for you to claim Social Security benefits at the appropriate time in one of two ways. You can claim benefits in your own name (if you have been employed and have accumulated enough credits over the years), or you can claim benefits as a dependent (whether or not you ever worked), provided that your spouse satisfied the applicable requirements...
Can You Afford to Get Divorced? - There are really two parts to the question - “Can you afford to get divorced?” One, can you afford to go through the process of separating from your spouse, and two, can you afford to live on your own?...
Adjusting to Life Financially After a Divorce - There's no doubt about it - going through a divorce can be an emotionally trying time. Ironing out a divorce settlement, attending various court hearings, and dealing with competing attorneys can all weigh heavily on the parties involved...
9 Ways to Adjust Your Financial Life After a Divorce - Divorce has a high emotional impact on you. Your awareness of your financial position is extremely important at this cross road of your life. You want to be able to move forward with a solid footing for your financial future...
I’m newly divorced or widowed, now what? - Getting divorced or becoming a widow can leave you with the unfamiliar responsibility of managing your finances. The period of time following a major life change can be difficult, confusing and overwhelming. Don’t rush into making any major decisions, such as selling the house or changing your investment strategy...
Giving You the Option to Choose is Always a Good Thing - Creating Scenarios for an Equitable Distribution - Ask anyone who has gone through the college acceptance period of their life... having the option to choose which college they were going to attend was always a luxury to strive for. The same holds true when settling on an equitable distribution in a divorce...
New Laws Tend to Rule the Needs Over the Wants - Creating a Cash Flow of Needs - “It’s not how much you make, it’s how wisely you spend your money...” Whether you are going through a divorce or not, it is good practice to have a working cash flow spreadsheet in hand to have a more accurate grasp on where your money is going. In a divorce, this spreadsheet is crucial and it will serve as a trial aid to help the judge understand your needs...
Only in Divorce, Your Worth is Determined by Numbers - Knowing Your True Net Worth - Have you ever been told that you are worth your weight in gold? Well, in a divorce, you are only worth what you can equitably distribute and it all comes down to dollars and cents. One of the hardest things to do is to determine your net worth status as a couple when it comes to a divorce, yet it will give you an idea of where you will end up when the ink is dried...
An Ounce of Prevention is Worth a Pound of Cure - Gathering of Your Financial Documents - “Ready, Aim, Fire” is a lot more effective than “Ready, Fire, Aim”, wouldn’t you agree? So preparing for your divorce is not only smart, it is crucial. Decisions you make now or in the heat of the moment, can affect the rest of your life, and in many cases, the lives of your children. ..
Planning for a Divorce? Don’t Forget These 5 Expenses - There’s really no way to get around it – if you’re planning for a divorce, you’re going to incur expenses. And not just those associated with the actual divorce. There are also a number of things that will change as you transition from your married life to being single, and these changes often bring unexpected costs...
5 Things That Could Raise the Cost of Your Divorce - There’s really no way around it – divorce costs money. Just how much money can hinge on a number of factors, including the method you choose, how cooperative you are with your soon-to-be ex, and how much is involved. The good news is there are things you can do to help lower the cost and save yourself a few hard earned dollars...
4 Financial Mistakes to Avoid During Divorce - When the word divorce is brought up, most people instantly think about the emotional aspect. How will it affect the children? How will I get over this and move on? Divorce is certainly one of the most emotional experiences in life, but it can also be one of the most financially devastating...
Should You Keep or Sell the House in Divorce? - Given that your house is one of the biggest assets you’ve got, the housing market has been a roller-coaster ride lately and it’s the place you called home and built a family in, it’s no wonder this isn’t an easy decision!...
Financial Preparation for Divorce – 3 Steps to Success - If you’re like most people, you probably think divorce is a legal matter. After all, the dissolution of your marriage has to come in a court of law, right? But what most people don’t realize is divorce is more a financial matter and less a legal one. In fact three of the four topics that need to be resolved in a divorce are financial in nature: child support, alimony and equitable distribution
Hiding Money in Divorce is Never a Good Idea - As an only child, the concept of sharing doesn’t exactly come natural to me. So while I can understand not wanting to share what you perceive as being your “hard earned money” is a tough pill to swallow, I have to admit the idea of hiding money in a divorce is not only a bad one, but an expensive one as well and is best to be avoided...
Unusual Divorce Assets that Need Dividing - For many of our divorce mediation or divorce financial analysis clients, we see the standard array of marital assets. Houses, cars, bank accounts, 401(k)'s etc. are all a part of the standard discovery package we receive in advance of mediation or financial analysis work
Fair Divorce Settlements Are Impossible, Right? - When it comes to ending a marriage, among the most important things to consider are the concepts behind fair divorce settlements, or more specifically, how to get one. The mistake many people make is thinking that they have to fight hard to get as much as they can out of the divorce. This is especially the case for the spouse who may not have wanted the divorce in the first place
Settling the Financial Issues in Divorce - Crafting an appropriate settlement of the financial issues in a divorce can be a complicated task. Based on my experiences as a mediator and expert witness in divorce cases, couples are often overwhelmed by where to start the process and how to sort through a complicated maze of financial information and competing financial needs...
Concluding the Divorce Process: Establishing a plan for the rest of your life - You have worked hard to deal with the grief issues associated with divorce. You and your ex spouse have agreed upon a financial settlement. And, the divorce is complete. What do you do next? It is now the first day of the rest of your life!...
Divorce: Methodology for Knowing if You Will Be OK Financially - So many times people get caught up in simply determining what percentage of assets that they should receive in the divorce process. They become so focused on that number that they lose sight of the overall financial picture and their true financial needs...
Divorce - Will You Be OK Financially? - Many emotional issues need to be worked through when a couple begins the divorce process. That becomes so draining that, when they are finally ready to evaluate the financial repercussions of their settlement offers, they tend to rush through this process because they want it "over with"...
The Value of a Divorce Financial Planner - Prior to Divorce Proceedings Before the spouse is served the request for divorce, the initiator of the action should follow specific steps in order to gather asset documentation and expense figures...
The First Step and the Last Step are the Most Important In Securing Your Financial Future - Divorce is wrought with extreme emotional and financial turbulence. Histories that bound families, friends and home life are disrupted. Standards of living are often changed, not just for spouses but for the children as well...
Some Financial Hints for Divorce - This is not an article intended to give legal advice but rather point out a few financial issues which are often overlooked or misunderstood by participants. None are complicated, except for the QDRO and some may be completed prior to the actual divorce...
Which Financial Professional is the Right One to Use - Traditionally, financial planners work with individuals at the conclusion of the legal process. However, financial planners with additional training in the financial, tax and emotional issues of divorce (Divorce Financial Planners) can be extremely valuable during the divorce process...
Fifteen Critical Financial Mistakes in Divorce - If you suspect that your spouse is planning a divorce, make copies of all important financial records such as account statements (savings, stockbroker, real estate partnership) and data that relates to your marital life style (checking accounts, charge card statements, tax returns). If you believe that your spouse may liquidate or re-title marital assets, notify the holder in writing and get a restraining order from the court...
Long-Term Effect of a Financial Settlement in Divorce - The financial ramifications of divorce can be quite devastating! However, with proper planning and expert help from a Divorce Financial Planner, a divorcing couple can create a financially equitable divorce settlement and make sure they have the knowledge and tools to rebuild their financial security after the divorce is final...
Cost Savings of Working With a Certified Divorce Financial Analyst (CDFA) - There are many ways in which a Certified Divorce Financial Analyst (CDFA) can save you money, time and stress when evaluating your family financials to aid in structuring your financial settlement, whether "pre-divorce" or at any time during your divorce process...
Estate Planning & Divorce - If you have a will or similar estate planning document, such as a living trust, your spouse will typically be designated as the executor and/or trustee, and probably is named as the primary or sole beneficiary of your estate...
Know "Your Numbers" When Considering Divorce - What's so important about a number? We're surrounded by irrelevant numbers every day, but your number is different. Your number is important; it's the amount of money you'll need to maintain your lifestyle once you're divorced...
What Steps Can I Take to Ensure My Divorce Does Not Ruin My Credit Report? - The credit card companies are not interested in how assets, homes, and the bills are divided during a divorce case. Credit card companies have only one objective and that is to be paid! If you have debt in joint credit card debt with your spouse, then you are both legally responsible for paying it back. Even if the judgment of divorce provides that the husband is required to pay off the family's credit card debt, if he does not pay it off, then the credit card companies will then sue the wife...
Untying the Knot: Part II- Digging a Little Deeper - Making changes to a property settlement agreement is almost impossible. There must be hard proof based on fraud, deceit or a major mistake. In other words, get it right the first time. With that said, I have met with too many individuals who were not clear on the financial outcome of their divorce...
Untying the Knot: Financial Considerations in Divorce - Divorce is not easy. Just ask anyone who has been through it. Besides the emotional aspect, the financial impact can be devastating for both sides. How can you financially survive? Having a good understanding of your assets and educating yourself before agreeing to any type of settlement will pay off down the road...
Even Divorce Requires Planning - One of the more traumatic events in life is when a couple chooses to end their marriage and begin the divorce process. Adding to the trauma are the financial issues of separating assets and agreeing upon various forms of support for the spouse and the children...
Financial Professionals Role In Divorce Matters - Divorce can be an emotionally painful and complicated process. There are many financial challenges associated with ending a marriage and you will be asked to make some very important financial decisions. Some of these decisions may impact your financial well-being for many years after the marriage has ended...
Financial Advice to Consider After Divorce - If you are nearing the end of your divorce case, you should consider a few ways to improve your financial standing. You need to make sure you and your children are in good shape financially, and that tax time will not be impossible after the divorce. Consider a few tips to follow
The Four Things You Need to Financially Survive a Divorce - There are four basic things that you will need to survive divorce: a place to live, little or no debt, retirement assets and liquid money. You should strive for a balance of each of these. You need a mix of each of these categories, not an abundance of one category and none in the others...
The Importance of Financial Planning in the Divorce Process - Unfortunately, one of the most overlooked aspects of a divorce is the financial impact that a divorce settlement agreement will have on the litigants’ future subsequent to the finalization of the divorce process. Without question, the divorce process is a very emotional and trying experience...


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Divorce & Money: How to Make the Best Financial Decisions
This book is a practical guide to evaluating assets during divorce. It explains how to determine the real value of marital property including houses, businesses, retirement plans and investments and how to negotiate a settlement that is fair to both sides.

Authors: Violet Woodhouse & Dale Fetherling


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