1. Copy Your Records Before your divorce, be sure to make copies of all of your financial records. Keep them in a safe place away from your spouse. These records include, but are not limited to, personal and business income tax returns (last three years), business records, account statements from investment firms, banks, and pension … Continue reading Top 10 Divorce Tips
Understand your financial and emotional limits. When you understand yourself, you are better equipped to be objective. This saves time, which leads to cost savings. If you are not prepared to look at reality – without the emotional entanglements – the outcome will never be what you need, let alone what you want. Instead of … Continue reading Avoiding Common Divorce Pitfalls
Divorcing clients and their attorneys may overlook educational plans when drafting settlement agreements. Many are comfortable simply allocating these plans in the settlement agreement to the beneficiary children. However, these accounts are risky to ignore. Their success depends of whether the child has qualified expenses, obtains scholarship and the like. Allocation of education accounts to … Continue reading Top Considerations for College Planning in Divorce