Divorce Financial Planning

Maryland Divorce and Taxes- How and When Should You File

In the divorce process, but haven’t filed your 2018 tax return? Your soon-to-be ex-spouse says the “best” way to file is Joint; but best for who? Are you being pressured to file jointly but negotiations are not being conducted in good faith? When you file and how you file can [...]

What to Do with Your Will During Divorce – Part 2

As discussed in Part 1, neglecting estate planning may lead to assets that you secured with the divorce settlement being distributed to people and organizations that you do not desire after your death. Part 2 will discuss Naming a Guardian for Minors, Beneficiary Designations, and Powers of Attorney.  […]

By |2018-03-27T04:59:10-04:00March 22nd, 2018|Divorce Financial Planning, Divorce Settlement Agreements|Comments Off on What to Do with Your Will During Divorce – Part 2

What to Do with Your Will During Divorce – Part 1

Divorce can be very upsetting emotionally, so you may not even have thought about your will during this stressful time. Unfortunately, neglecting estate planning may lead to assets that you secured with the divorce settlement being distributed to undesired people and organizations after your death. Your ex-spouse may end up being a beneficiary unless you [...]

By |2018-03-27T05:00:27-04:00March 7th, 2018|Divorce Financial Planning, Divorce Settlement Agreements, Personal Goodwill|Comments Off on What to Do with Your Will During Divorce – Part 1

Why Mediation Can Work for Complex Divorces – Part 2

As mentioned in Part 1, when considerable assets are on the line, madness often infects both divorcing spouses. Divorce has the unpleasant ability to bring out the worst from those who would normally behave quite rationally. Fortunately, spouses can choose divorce mediation to reach a settlement for a high-asset divorce, making the process much less [...]

By |2018-03-27T04:59:53-04:00February 22nd, 2018|Divorce Financial Planning, Divorce Negotiations, Maryland Divorce Settlement Agreements, Mediation|Comments Off on Why Mediation Can Work for Complex Divorces – Part 2

Why Mediation Can Work for Complex Divorces – Part 1

It may be the case that your divorce will be dealing with assets that are considerable and complex. Although many believe divorce mediation won’t be beneficial in such cases, this option can actually facilitate faster and less costly settlements of high-asset divorces. Traditional divorce litigation pits two legal teams against each other in a contest [...]

By |2018-02-22T08:26:27-04:00February 7th, 2018|Divorce Financial Planning, Divorce Negotiations, Mediation|Comments Off on Why Mediation Can Work for Complex Divorces – Part 1

Protecting Your Credit During Divorce – Part 2

As mentioned in Part 1, getting divorced can be a great personal and financial challenge. During the process of negotiating a divorce agreement, it is crucial to ensure that you will be sound financially and not burdened by the debts of your former spouse. Part 2 will discuss two more methods for protecting your credit [...]

By |2018-03-24T05:04:26-04:00January 22nd, 2018|Business Assets and Divorce, Divorce Financial Planning, Marital Property, Maryland Property Settlements|Comments Off on Protecting Your Credit During Divorce – Part 2

Protecting Your Credit During Divorce – Part 1

Getting divorced can be a great personal and financial challenge. During the process of negotiating a divorce agreement, it is crucial to ensure that you will be sound financially and not burdened by the debts of your former spouse. Unfortunately, people are often quite unpredictable when times are stressful. Out of spite, a divorcing spouse [...]

By |2018-01-04T09:36:49-04:00January 4th, 2018|Budgets, Business Assets and Divorce, Divorce Financial Planning|Comments Off on Protecting Your Credit During Divorce – Part 1

How to Get a Fair Divorce Settlement Agreement

Divorcing couples are typically counseled to make an effort to negotiate a fair divorce settlement agreement. Although the division of assets can be made to appear mathematically equal, it may still not seem fair for one of the parties. In addition, how does the law determine what is equitable? The following will discuss several obstacles [...]

By |2017-12-30T09:25:01-04:00December 6th, 2017|Divorce Financial Planning, Divorce Settlement Agreements, Maryland Divorce Settlement Agreements|Comments Off on How to Get a Fair Divorce Settlement Agreement

Selecting the Divorce Attorney Who’s Right for You – Part 2

As discussed in Part 1, a Certified Divorce Financial Analyst (CDFA) will provide comprehensive guidance regarding the financial matters involved when a marriage is dissolved.  An experienced CDFA will also know how the work of a divorce attorney can play a great part in the financial outcome of a divorce settlement. Part 2 will continue [...]

By |2018-03-24T05:53:47-04:00November 28th, 2017|Divorce Filing Status, Divorce Financial Planning, Maryland Divorce Settlement Agreements|Comments Off on Selecting the Divorce Attorney Who’s Right for You – Part 2

Selecting the Divorce Attorney Who’s Right for You – Part 1

Ending a marriage is always a difficult decision, and once both spouses decide to divorce, there will be other important decisions to be made, many with long-term financial impacts. When you consult with a Certified Divorce Financial Analyst (CDFA), the analyst will provide comprehensive guidance regarding the financial matters involved when a marriage is dissolved.  [...]

By |2017-12-30T09:17:38-04:00November 5th, 2017|Divorce Financial Planning, Divorce Settlement Agreements, Financial Divorce Analyst|Comments Off on Selecting the Divorce Attorney Who’s Right for You – Part 1