Category: Divorce Pitfalls

Today’s Alerts: Inherited IRAs in Divorce

Inherited IRAs could be mistaken for traditional IRAs in divorce.  The consequence can be dramatic and costly. An Inherited IRA could inadvertently be treated as a traditional IRA, included as a community asset and divided in the decree – mistakes that could cost the beneficiary of the Inherited IRA thousands in both the amount included … Continue reading Today’s Alerts: Inherited IRAs in Divorce

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