Tag: Divorce finance
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Pre-Divorce Planning
If you are considering divorce, which is not just a deeply emotional decision, but also one of the largest financial decisions you will make in your life, you may feel like you want as much information as possible to help you discern if divorce is the best option for you. Before you file papers, I…
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Post-Divorce Checklist
1. Remove Your Ex-Spouse’s Name From Accounts Go through your accounts and be sure to adjust the registrations. Pay special attention to any accounts that will be reporting to credit bureaus and any financial accounts. Re-title any vehicles in your name alone. 2. Establish Your Own Financial Identity If you haven’t already, get a credit card in…
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When Mediation Isn’t Working
To start, I would like to say that I am absolutely pro-Mediation. I think it’s the best option for MOST divorcing couples for many reasons. I am not alone in this opinion – mediation is often touted as an ideal solution for divorcing couples, promoting communication and collaboration, efficiency, and cost savings. HOWEVER, not every…
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Dangers of Hiding Assets in Divorce
I recently spoke at a Divorce 101 meeting for men. A prominent San Diego attorney was also there presenting about the legal side of divorce and had this warning to the attendees: DO NOT HIDE ASSETS. DISCLOSE EVERYTHING.
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Divorce Brain is Real
Divorce is an emotionally charged journey that affects every facet of your life. Amidst the turmoil, have you ever experienced what some refer to as “Divorce Brain”? If you haven’t heard of it, don’t worry – it’s a recognized phenomenon within the divorce professional realm. Let’s dive into what it means, why it happens, and…
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It Takes Two to Save Money in Divorce
While most clients aren’t thrilled about communicating with each other during divorce, both spouses typically have a shared goal of minimizing money spent on legal battles. The best way to do this is by working together to get your documents organized and come to the negotiating table with some reasonable ideas in mind.
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We just want the kids to “be okay”
One concern I hear from clients a lot is the desire for their kids to “be okay” and to maintain strong relationships with both parents going forward. When this comes up, I remind my clients that even if you choose to move into a new home, or schedules need to change, if you can show…
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Don’t keep the marital home and lose everything else
Keeping the marital home in divorce is a big decision – one that should be made with emotion AND an understanding of the financial impact.