Divorce’s Devastating Effects on Finances – Part 2

As discussed in Part 1, the financial effects from divorce remain as devastating as ever, even though American divorce rates have dropped the past three years. Part 2 will discuss the financial impact of alimony and legal expenses. Consult with a financial divorce specialist for professional guidance. Alimony Accumulates Varying greatly state to state how [...]

By |2017-12-08T10:12:20-04:00October 26th, 2017|Alimony, Costs of Divorce, Financial Divorce Analyst|0 Comments

Coping with Your Divorce’s Financial Impact – Part 1

The greatest impact of divorce is typically its devastating effect on the family. However, divorce can also be devastating on family finances. Studies have found that spouses who divorce will have to generate 30% more income in order to maintain their lifestyles. Being knowledgeable about your obligations and rights is the best way to decrease [...]

5 Potentially Bad Divorce Decisions
(and how to avoid making them)

Going it alone or excluding a Financial Divorce Analyst from your divorce team can lead to bad decisions that will have a negative impact on your future financial security. Here's a short list of the potentially worst decisions that individuals have made and continue to make as emotions take hold. 1. Trading your share [...]

Women and Divorce – Crucial Information for a Positive Result

Men and women alike can get caught up in the emotional issues of divorce and each have their own financial issues in the process.The addition of a Certified Divorce Financial Analyst™ to the divorce team can help either or both understand their issues and move forward toward an equitable property divorce settlement. Depending upon [...]

By |2017-08-04T09:04:59-04:00June 24th, 2013|Alimony, Pensions, Tax Exemptions, Women and Divorce|0 Comments

Maryland Divorce Tips – How to Avoid Alimony Recapture

Alimony payments made in Maryland divorce cases are most times deductible as long as the payments meet the IRS criteria below: Payments must be made in cash or cash equivalents There must be a written separation agreement or court order designating the payments as alimony Neither spouse opts out of the tax treatment of [...]

Are Alimony Guidelines Used in Maryland Cases Reliable?

In most Maryland divorce cases that I have been involved in, divorce attorneys refer to available Guidelines to give them parameters for assessing possible alimony amounts and term. The two Guideline tools readily available are those produced by the American Academy of Matrimonial Attorneys (AAML) and what is commonly referred to as the Kaufman [...]

By |2017-07-31T12:19:13-04:00November 3rd, 2011|Alimony|0 Comments