Spousal support payments can help divorced people maintain a standard of living and attain financial stability. Judges award spousal support based on several factors, including wealth, income and the length of the marriage. Spousal support can significantly impact...
Divorce
3 instances when financial experts are needed in a divorce
Divorce requires a detailed analysis of a couple's financials. While not all couples need financial experts, there are some circumstances where a professional can benefit you. 1. When your assets are worth more than face value Division of marital assets is sometimes a...
Should you consult a financial expert during divorce?
Some couples have simple divorces because they share limited property and debt or do not have children together. Others have more complex situations because they co-own real estate, have a business or shared a long marriage with many commingled assets and debts....
When should you tell your kids about your divorce?
Divorce can instigate major changes in your life as well as in the lives of your children. Your children may have to start splitting time between two households, attend a different school and get used to having separated parents. Even though divorce happens to many...
What Happens To Your Assets and Debts After Divorce?
Navigating your financial situation is one of the more complex factors involved in divorce. Your finances play a major role in the divorce process and can often be a particularly contentious issue. You may be wondering how certain accounts and assets are handled and...
Handling divorce in a constructive way
Divorce has a reputation for being indicative of failure, or the end of things. Divorce is neither of these things. Recognizing the need for a divorce is the first step into a new life, not the death of an old life. There are many things that someone can do to turn a...
Is alternate divorce resolution right for you?
Conflict may be common in divorce, but the divorce itself does not have to be a fight. Whether you want to protect your relationship with your children or you simply want a more peaceful process, talking it out through alternative divorce resolution (ADR) may allow...
How does spousal support work?
If you’re getting divorced, you may have difficulty maintaining the lifestyle you kept while married. Losing half – or more – of your household income is a frightening prospect. If you’re not vigilant, you could end up destitute. Spousal support—referred to as...
When your spouse doesn’t want a divorce
In many divorces, the one thing spouses agree on is the desire to end their marriage. While this goal may increase tension, it can also ease the process. But what if you find yourself with a spouse who doesn’t want a divorce? Can I still end the marriage? Your spouse...
How will property get divided in your divorce?
Determining how to divide your family’s assets and debts may be one of the most challenging parts of your divorce. You and your spouse may have some high-value assets to divide, such as real estate, retirement accounts and investments. However, you may also have...