Divorce can be draining, both on your emotions and your finances. But with the help of an experienced divorce attorney and some planning, there are ways to gain control over your divorce while ensuring your bank account doesn’t suffer too much. Here are some financial tips for divorcing couples: Plan. Set goals for where you…
Parenting after a divorce is never easy. After all, when you and your spouse decided to have children, it was with the thought that the other one would always be there. And even though your ex may still be there for your children, he or she is not there in the same way to help…
Deciding where to live both during and following a divorce is an important decision most people don’t think about until a time crunch forces a decision. When you’re make an important decision under pressure, you don’t always make the best decision for yourself and your children, either for now or for the future. There are…
An article in the February 2018 issue of Town & Country Magazine reported on several high-profile divorces where expensive art collections played a major role in the proceedings. Harry and Linda Macklowe, who are divorcing in New York after 58 years of marriage, have a collection valued by some at $1 billion. Both sides are…
No matter what age you are, divorce is never easy. But those who divorce when they are over 50 after spending 20 or more years together face some special hurdles. Here, from a recent article at NextAvenue.org, are five things you should know if you’re divorcing later in life: The impact of your divorce on…
Beyond the emotional toll of divorce, there are some financial missteps that can leave you in even worse shape if you don’t know how to avoid them. Here are five costly divorce mistakes to watch out for: Staying in a home you can’t afford. Many divorcing couples with children want to keep the family home…
The divorce rate is rising most rapidly among the 50+ age group in the U.S., and financial experts are advising boomers to look at tax and retirement consequences when creating a favorable settlement for both parties. Here are some tips: Create a financial plan – focus on long-term planning versus short-term gain. The last several…
No matter how amicable your divorce, there is no question that it will have some sort of effect on your children. They will undoubtedly experience sadness, anger, and worry — many of the same emotions you are experiencing as well. If your divorce is contentious, the strife between parents will only make it more difficult…
Although it is unwise and can result in hurting your case if discovered, many divorcing spouses make it a point to try to hide assets, usually prior to a divorce action that they know is going to occur. Experience has shown that the more time they have before a divorce is filed, the more likely…