Category: Divorce Pitfalls

A “Kitchen Table” Divorce That Just Might Work

A “Kitchen Table” divorce congers up an image of a couple sitting down over a cup of coffee to divide what they have and what they owe in a manner that works for both parties going forward.  They competently agree to the terms, split up, shake hands and move on with their lives without ever having to … Continue reading A “Kitchen Table” Divorce That Just Might Work

Today’s alerts: How to Solve the Mortgage Problem in Divorce

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

Gray Divorce? Before Baby Boomers see an attorney, they need to read this…

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…

A Thoughtful Guide to Divorce Mediation: The Money Issue

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

Increasing Financial Resources in Divorce

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