The first rule of mortgages in divorce is to define and resolve each spouses financing goals before signing a final agreement. Although every situation is unique and mortgage qualification requirements change (often), it is always true that divorcing couples must plan ahead. Here’s what you need to know. Spouses who will depend on child and … Continue reading Today’s alerts: How to Solve the Mortgage Problem in Divorce
The Gray Divorcée When someone wants a divorce, the knee jerk reaction is nearly always “I’m calling an attorney!” But for the Baby Boomer generation, that may be a mistake. Seeking financial advice before seeing an attorney may save divorcees thousands of dollars. Financial counsel is just as important as legal advice and in some … Continue reading Gray Divorce? Before Baby Boomers see an attorney, they need to read this…
When you marry, you agree to abide by the laws in your state with respect to divorce. In divorce, many spouses finally take the time to learn about those rules. But it’s often too late. For example, Sally didn’t know the rules of separate property so she didn’t know that much of Bill’s wealth was … Continue reading A Thoughtful Guide to Divorce Mediation: The Money Issue
I recently attended the annual conference of the Association of Divorce Financial Planners. A presentation from my colleague Nancy Hetrick of Arizona highlighted something I’ve been able to achieve in my own practice – increasing the amount of money available to be divided in divorce without borrowing money. There is often a better way than … Continue reading Increasing Financial Resources in Divorce
My Today’s Alerts series highlights ideas generated in my divorce financial advisory practice. A recent newsletter to divorce lenders from the Divorce Lending Association highlighted how using the wrong appraisal form can invalidate a real estate appraisal in court – leaving you with the cost of more appraisals, more legal costs and headaches. A new appraisal … Continue reading Today’s Alerts: Can using the wrong form invalidate a real estate appraisal in divorce?