How Will Divorce Impact You Financially?
Getting your "ducks in a row" before divorce will keep down the negative financial impact of divorce.
The Great Alimony Myth: Is Permanent Alimony a Thing of The Past?
Dispelling the myth that divorcing after a long-term marriage means permanent alimony.
An Argument in Favor of Permanent Alimony
Regardless of how much marriage has changed, there is still a need for permanent alimony after divorce.
Divorce and Commingled Funds
If you commingle funds during marriage the property purchased with those funds becomes marital property.
The Impact of Divorce In The Workplace
Divorce or a breakdown of a co-habitation relationship is an extremely emotional process. While divorce is a personal matter the emotional impact can spill over into the workplace suddenly making it a public affair. There are so many unknowns about divorce that people are often confused, filled with fear and unsure of how to navigate the process.
Securing a Divorce Court Settlement With Life Insurance
Securing a divorce settlement with life insurance is the best way to protect yourself financially should your ex pass away.
How to Get a Cheap Divorce
Divorce is a 28 million dollar industry. The average divorce cost between $15,000 and $30,000 and most of that goes to divorce attorneys. If you are anything like me, the last thing you want is to line the pockets of some divorce attorney. So, how do you get a cheap divorce?
More Men Seeking and Earning Alimony
More and more men are seeking alimony and choosing to believe that there is no shame in accepting a monthly check from their ex-wives. The percentage of alimony recipients who are male rose to 3.6% during the five years ending in 2006. Up from 2.4% in the previous five-year period according to the U.S. Census Bureau.
How Much Will My Divorce Cost?
The average cost of divorce in the United States is $15,000. The good news is that the cost of a divorce can be managed just as you manage a household budget.
How Divorce Will Impact Your Social Security Benefits
Few divorced women realize that they can draw on their ex-husband's social security work history at time of retirement. Which will earn you more, his benefits or your benefits?
I Can’t Sell My Home, Does That Mean I’m Stuck In A Loveless Marriage?
A short sale occurs when you find a willing buyer but the offering price is less than the mortgage on the home.This can be an option for divorcing couples who are having problems selling their home.
Dealing With The Financial Impact Of Divorce
Dealing with the financial impact of divorce. Know your obligations and how to protect yourself financially.
Money and Divorce
Financial issues of divorce.
CreatingThe Financially Smart Divorce
In dealing with the financial aspects, observing the following Dos and DON'Ts will start you on the road to creating The Financially Smart Divorce.
Alimony, Spousal Support and Spousal Maintenance
Alimony is money paid by one spouse to the other either during the divorce process or after. Who receives alimony depends on who earned the most money during the marriage and the roles the spouses played. Once referred to exclusively as alimony, it is now more commonly called Spousal Maintenance or Spousal Support.
Types of Spousal Support
What type of spousal support you receive will depend on the financial situation in the marriage. Below is a description of each type of spousal support and when they are awarded.
How Do The Courts Determine Alimony?
The first consideration when settling a spouse’s alimony obligation would be the ability to pay. The court looks at the spouses gross income and reduces it by subtracting all mandatory deductions to come up with the net income.
Modifying Spousal Support/Alimony
In most states a substantial change in need or a change in the ability to pay can be grounds for a post judgment modification of spousal support/alimony. Check your state divorce laws and speak with an attorney if you think you are eligible for modification of spousal support/alimony that you pay or receive.
Divorce Assets and Liabilities Checklist
If you are going through divorce, your attorney will request a list of all the marital assets and liabilities. Using the following checklist will help make sure you are prepared with all the needed info when it is time to negotiate a divorce settlement agreement.
Lauren Cohen Bio
Lauren Cohen, an insurance broker works with divorcing clients in setting up life insurance.
Why Do I Need a Prenuptial Agreement?
A prenuptial agreement can educate, protect and give you a greater financial advantage should your future marriage end in divorce.