Losing a spouse through death or divorce can be emotionally devastating and is often a difficult time to make important life decisions. Yet it’s this very time that attention needs to be paid to important financial matters such as retirement assets, budgeting on a single income, appropriate insurance, or reviewing Social Security benefits. Should you become […] READ MORE
New Beginnings: What You Need to Know About Finances A divorce or loss of a loved one is a difficult time, often chaotic and often stressful. Now suddenly single, many financial matters require immediate attention such as assessing your portfolio of assets today and your financial future to maintain a financially-healthy lifestyle. It is vitally […] READ MORE
It all started well! Two people meet and fall in love. They foster dreams of sharing an amazing future together. Unfortunately, this doesn’t always have a happy ending and a decision to move on needs to be made. But the prospect of divorce can be lengthy and costly to say the least. Take heart, there are options. […] READ MORE
You and your soon-to-be ex-spouse have both saved and invested for the long-term within retirement plans, accumulating sizable nest eggs. But what is going to happen if you should become divorced? Will will own the assets and how? In a divorce, the former spouse and dependents may be entitled to a portion of the retirement […] READ MORE
Most states recognize a distinction between marital property and separate property. In a divorce, marital property is divided between the spouses, and separate property is not. So how do you know what is marital and what is separate? State law differs on this, but there is a general framework that is usually followed. Separate property […] READ MORE
Nothing like a little foresight to protect yourself! Even a mutually agreed upon divorce can turn ugly when the issue of money arises. When the process of litigation can run up the legal fees quickly, financial pain for both of you is not far off. Preparing Well: While a peaceable divorce can be a simple division of […] READ MORE