Unaddressed financial issues can break a marriage and destroy one spouse’s side of a final divorce resolution. After giving so much of your life to the relationship, you deserve a fair share of all marital property. Unfortunately, most people disregard many forms of...
Divorce
Keeping divorce costs reasonably low
There is no question that the divorce process is costly. Unless you’ve only been married for a few months, dividing your household into two distinct households will cost both you and your spouse time, energy and money. Thankfully, there are ways to keep your legal...
Financial issues you may not have considered in divorce
When preparing for a divorce, some issues to resolve are more evident than most. If you have children, then determining child custody and child support payments will be obvious. One of you may also need to make alimony payments to the other. If you have a house, you...
How do you know if a divorce is inevitable?
You may have read articles saying half of all marriages end in divorce and assume that your relationship is doomed to fail because you are having issues. According to U.S. Census data, the divorce rate in 2019 was 7.6 per 1000 and the marriage rate 16.3 per 1000,...
What to know about dividing debt in divorce
Couples going through a divorce face a lot of uncertainty, especially when it comes to money. Not only is going through a divorce expensive, but divorcing couples often face financial challenges amidst a divorce. One of those is when couples divide debts in divorce....
Ensure you have the full picture before dividing property in your divorce
If you have never taken much interest in your joint finances, getting divorced may be the time to start doing so. Franklin D. Roosevelt said, “Real estate cannot be lost or stolen, nor can it be carried away.” Unfortunately, as many divorcing spouses have found out,...
A late divorce raises a woman’s chances of living in poverty
A survey by Bowling Green University found that if you are going to divorce, it may be better to do it earlier, especially if you are a woman. The report discovered that a single 63-year-old woman who had divorced after turning 50 was nine times more likely to be in...
Valuing your business could be an essential step in divorce.
You have spent years building your business, and it may be one of your most valuable assets. However, if your marriage ends in divorce, that business can also be one of the most stressful aspects of property division. To ensure that you receive your fair share of your...
Weighing negotiation vs. litigation during a divorce
Divorce can present a dilemma for many people during a contentious breakup. Should they put aside their negative feelings about their spouse and try to work with them to reach a divorce agreement that benefits both parties, or is at least acceptable? While most...
Utilizing a QDRO for retirement benefits in divorce
A qualified domestic relations order (QDRO) has the potential to be one of the most important legal documents produced during your divorce. It is also an option that many people overlook, perhaps leaving an incredible amount of assets on the table. One issue that can...