Category: Divorce and Money

In Divorce, Nearly Missed Opportunity – The Mortgage Payment

An attorney called me concerned that her client, Jill*, would not be able to afford to keep the family home after divorce.  Jill wanted to keep that home but the attorney believed her budget couldn’t tolerate the payment.  Jill insisted that she could figure out a way to make it work on her salary as … Continue reading In Divorce, Nearly Missed Opportunity – The Mortgage Payment

Deferred Maintenance on the Primary Home or other Real Estate in Divorce

A post divorce prospective client, Linda*, called me last week.  She signed her divorce decree over a year earlier and is now trying to divide property and accounts. Linda was awarded the home and previously unidentified expenses have come up.  She may have to sell the home as is, at a reduced value.  Likely proceeds … Continue reading Deferred Maintenance on the Primary Home or other Real Estate in Divorce

How Should Retirement Assets be Valued in Divorce?

Many a highly trained family law attorney will “tax affect” retirement accounts by using the after tax value of a retirement account on a couple’s inventory of assets.  As a divorcing man or woman you need to know that this method of valuation is more of a negotiation tactic then economics.  Left unchecked, the spouse receiving more of the … Continue reading How Should Retirement Assets be Valued in Divorce?