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 Can using the wrong form invalidate a real estate appraisal in divorce?
You signed the settlement agreement but you’re not settled yet. There’s still lots to do! You need to divide accounts, change insurance or beneficiaries, get a new estate plan and for some of you, move out of the house! Many people get hung up at this point, pondering “What will my life be like now?” … Continue reading Financial Life after Divorce – Armageddon or Nirvana
The spouse claiming property is separate in divorce has the burden to prove it. In a long term marriage the proof can be hard to find, and expensive to provide. It requires that the source of the funds used to create and maintain separate property be “traced” by a forensic accountant or CPA and requires, … Continue reading The Cost of Proving Separate Property in Divorce