Make sure that when you are deciding whether you or your children’s needs are best served by retaining your martial residence or agreeing to offset a liquid asset against an illiquid retirement asset, that you consider your need for access to cash and the tax ramifications of your decisions. You should address these concerns with… [Read More]
divorce
Learning to Make Ends Meet After Divorce
It is a fact that it costs more to financially support two households than it costs to support one. It is usually financially tight when divorced spouses first strike out on their own. Things usually get better once you settle in, balance your budget and operate within your means. The good news is that you… [Read More]
Divorce Support Team
Make sure you choose the divorce process that best suits your approach. For instance, make sure that your attorney or mediator explains the answers to your questions clearly and has the patience to explain until you understand clearly. It is also important to have the support of friends and family. Be careful and mindful though… [Read More]
Never Speak ill of the Other Parent
As you can see from the article below, there is a name for it, ‘Parental Alienation Syndrome’. You may no longer love or like (you may even hate) your prior spouse, but your children do. Your children are 50% of each of you and if you insult the other parent, you are insulting/hurting your child. … [Read More]
Life Insurance in Divorce
It is important that you maintain life insurance with the children named as beneficiaries and the alternate spouse as trustee (via UTMA or otherwise) so that in the event that one spouse dies during the child support term, that the support intended for the children remains in place. The reason for naming the alternate spouse… [Read More]
