Divorce Financial Planning

Divorce’s Devastating Effects on Finances – Part 1

The U.S. divorce rate had dropped for three years in a row, dipping to its lowest mark in almost 40 years in 2016. However, the financial effects from divorce remain as devastating as ever. Depending on the state where you and your spouse reside, the average cost is from $15,000 to $20,000. If you are [...]

By |2017-12-08T10:14:43-05:00October 6th, 2017|Costs of Divorce, Divorce Fees in Maryland, Divorce Financial Planning, Divorce Settlement Agreements, Maryland Divorce Settlement Agreements|Comments Off on Divorce’s Devastating Effects on Finances – Part 1

Is Divorce After 50 Different Financially? – Part 2

As discussed in Part 1, divorcing after the age of 50 will be different than a divorce at a younger age. You may have expected to retire comfortably, but a divorce may result in more household costs and less available income. Those divorcing at a later age may have to resume working or stay on [...]

By |2017-12-08T10:13:16-05:00September 27th, 2017|Divorce Financial Planning, Marital Property, Maryland Divorce Settlement Agreements|Comments Off on Is Divorce After 50 Different Financially? – Part 2

The Ten Biggest Divorce Financial Errors – Part 2

As mentioned in Part 1, it is important to avoid the ten biggest divorce financial errors during settlement negotiations. Consult with a financial divorce specialist to protect yourself and your children financially. Part 2 will cover the second 5 of 10 mistakes. 6 – Poor Budgeting It is common for a divorcing spouse to underestimate [...]

By |2017-12-08T10:22:19-05:00August 30th, 2017|Divorce Financial Planning, Divorce Negotiations, Maryland Divorce Settlement Agreements|Comments Off on The Ten Biggest Divorce Financial Errors – Part 2

The Ten Biggest Divorce Financial Errors – Part 1

The following are the ten biggest divorce financial errors to avoid during settlement negotiations. Consult with a financial divorce specialist to protect yourself and your children financially. 1 – Emotional Attachment to Assets It is natural to have an emotional attachment to a company pension, family home, or artwork purchased over the years while you [...]

By |2017-12-08T10:21:03-05:00August 4th, 2017|Divorce Financial Planning, Financial Divorce Analyst|Comments Off on The Ten Biggest Divorce Financial Errors – Part 1

Mitigating the Financial Effects of Divorce – Part 2

As discussed in Part 1, divorce will probably result in a significant measure of financial loss for most ordinary people. If you are getting divorced, it is very important to seek both financial and legal advice. Part 2 will cover several more important ways that will mitigate the financial effects of divorce. Support Team The [...]

By |2017-07-31T12:10:47-04:00July 24th, 2017|Divorce Financial Planning, Maryland Divorce Settlement Agreements|Comments Off on Mitigating the Financial Effects of Divorce – Part 2

Mitigating the Financial Effects of Divorce – Part 1

Divorce will likely result in a significant measure of financial loss for most ordinary people.  Contested divorces typically cost more than $20,000 in court costs and legal fees. However, there will be other costs that are indirect that should be considered. Divorce results in supporting two households, which may be twice as expensive than maintaining [...]

By |2017-07-31T12:10:56-04:00July 12th, 2017|Divorce Financial Planning|Comments Off on Mitigating the Financial Effects of Divorce – Part 1

Coping with Your Divorce’s Financial Impact – Part 2

As mentioned in Part 1, divorce can be devastating on finances. Being knowledgeable about your obligations and rights can decrease the costs and lessen the anguish of divorce. Part 2 will discuss Division of Property and Financial Impact. Division of Property Without a prenuptial agreement, state divorce laws determine how assets will be divided. Arizona, [...]

By |2017-12-08T10:25:21-05:00June 28th, 2017|Divorce Financial Planning, Divorce Settlement Agreements|Comments Off on Coping with Your Divorce’s Financial Impact – Part 2

Five Common Mistakes You Must Avoid
to Obtain a Positive Result

Negotiating your separation agreement can be one of the most trying, costly, and long-lasting events in your lifetime. Just like our transition to springtime, a change in attitude and mindset can enhance your chances of a faster and financially positive divorce settlement. To be better informed and able to make the tough decisions that come [...]

By |2017-07-30T09:24:08-04:00June 20th, 2017|Divorce Financial Planning, Income Taxes, Retirement Funds|Comments Off on Five Common Mistakes You Must Avoid
to Obtain a Positive Result

Divorce Financial Planner Using Graphics to Settle Cases

Certified Divorce Financial Analysts™ (CDFA) have a unique and effective  "tool" to help individuals understand the potential financial impact that a settlement offer can have on their future finances. If used properly, introducing charts and graphics into settlement discussions can focus all parties on the bigger picture, separate fact from fiction, and make it [...]

By |2017-08-04T10:04:45-04:00October 21st, 2014|Divorce Filing Status, Divorce Financial Planning, Divorce Settlement Agreements, Financial Divorce Analyst, Income Taxes, Marital Property, Maryland Property Settlements|Comments Off on Divorce Financial Planner Using Graphics to Settle Cases

Divorce with a Financial Divorce Analyst™ is a no-brainer

Many times, Divorce Mediation can be the most cost-effective, lowest conflict, process of all of the divorce settlement options. Currently, the majority of divorce mediators are either mental health practitioners or attorneys who help couples make decisions regarding the legal, child custody, and financial issues of the divorce settlement. Certified Divorce Financial Analysts (CDFA™) [...]

By |2017-07-31T09:48:22-04:00June 3rd, 2014|Budgets, Costs of Divorce, Divorce Financial Planning, Divorce Negotiations, Financial Divorce Analyst, Marital Property, Mediation|Comments Off on Divorce with a Financial Divorce Analyst™ is a no-brainer