Tag: money in divorce
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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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Is Divorce Draining You? Here’s your pep talk.
Divorce brings a whirlwind of emotions, legalities, and life-altering decisions. It’s unfortunately also not a quick process – often times taking 1-2 years or more to finalize. You will hear that divorce is a marathon, not a sprint, and just like mile 20 makes runners want to collapse, people going through divorce often want to…
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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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Prenups – They’re Trending
So you’ve DTR – defined the relationship – and you’re engaged! Congratulations! While you’re at it, before you get married, you may also want to DTM – define the money. Prenuptial agreements or “prenups” are a really smart way to protect the assets you’ve built. I spoke with a family law mediator earlier this week…
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Is Your Home Equity Separate or Marital?
In divorce, the marital home is often the biggest asset the couple owns. If the home was purchased during the marriage with marital funds, the equity in the home will be considered 100% marital and therefore split 50/50 in CA. Complications arise if the home was owned by one spouse prior to the marriage, or…
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Reality Check: Spousal Maintenance
if you and your spouse have chosen for you to stay home to raise children while your spouse has continued to work, you cannot rely on a spousal support award that will allow you to never work again. The reality is that the standard of living for both spouses statistically decreases by 40% following a…
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Divorced 3 Times
If you are considering divorce, there are several pathways to get there. Before getting my Certified Divorce Financial Analyst designation, I assumed that the first step to divorce was hiring an attorney – even if the spouses were hoping to be amicable. I now know that couldn’t be further from the truth, and just like…
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How to prepare for divorce financially
If you are just starting to contemplate divorce or have already had the conversation with your spouse, the next step is to start to understand your finances – arguably before you begin interviewing attorney
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What is a CDFA™ Professional?
CDFA™ professionals have expertise in the area of divorce finance and are uniquely qualified to help you understand the financial considerations of your divorce and how to make smart decisions during this difficult time in your life.