The majority of couples heading for divorce face the uncomfortable and often very stressful transition period of living under the same roof while knowing you are heading in different directions. One of the many positive attributes of the mediation process is that you can work out personal and financial guidelines while you are still living… [Read More]
finances
Surviving Divorce Transitions from Initial Loneliness to New Friendships
There are many transitions one goes through when divorcing. There is the obvious change in marital status, but the are many ancillary losses and rebirths that follow. One of the first experiences that may strike you is that first weekend you spend alone when your children are with the alternate parent. You need to be… [Read More]
What Issues Are Addressed in Divorce Mediation?
The same issues are addressed in divorce mediation that are addressed when a couple divorces through litigation in court. The biggest difference is that the parties are not adversaries in the traditional sense, but are working toward a resolution of their legal issues. It’s not necessary that the mediating couple is on amicable terms. While… [Read More]
How Mediation Can Help You Avoid 7 Big Financial Divorce Mistakes
Eric Sandberg wrote, “Seven Big Post-Divorce Money Mistakes” for Fox Business. The following are the ways mediation can help you avoid those mistakes. 1. If your mortgage or credit card is in both parties’ names, then your lender will sue both of you if it’s not paid. Your Agreement should address which of you will… [Read More]
New Credit Rules – Household Income No Longer Counts
This week I learned about a recent change in the law that will affect divorcing couples’ credit and their ability to move forward financially. In a nutshell, as of October 1, 2011, instead of household income, only individual income will be considered for establishing credit. This means that a stay at home mom is going… [Read More]
