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Financial Issues

Most divorce comes about due to the negative emotions we feel in the marriage. Rarely do people stop to thing about the financial implications of divorce. Here you will find articles and information to help keep divorce from having a devastating impact.
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.
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.
The Market For Divorce
The Market For Divorce The essay is Jonathan Lhost's entry for The 2004 Moffatt Prize in Economics. (Part 3)
What is a Certified Divorce Financial Analyst?
A Certified Divorce Financial Analyst is a trained Financial Analyst who specializes in divorce issues. A Certified Divorce Financial Analyst is commonly used where there are large marital assets or a business to be divided.
How Divorce Changes Your Insurance Needs
Substantial life changes such as divorce bring about the need to reassess one's finances and insurance should be an important part of that financial ...
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