Category: Divorce Tips
Managing Financial Conflict in Divorce
In divorce, managing conflict is more important than immediate resolution. Effective mediation isn’t about winning or convincing the mediator—it’s about helping couples find shared, intentional solutions. A resolution should focus on mutual interests, not compromise or control. Couples often enter mediation unprepared, expecting the mediator to solve everything. In reality, the best outcomes come when … Continue reading Managing Financial Conflict in Divorce
Four Reasons Why Great Family Law Attorneys use Certified Divorce Financial Analysts®
Experienced family law attorneys and Certified Divorce Financial Analysts™ (CDFAs) are ideal referral partners and more. CDFAs Build a Financial Picture CDFAs do the homework. We gather the tax returns and other financial documents that attorneys need. We know which additional documents will help get to the real picture. Then we organize financial information and provide … Continue reading Four Reasons Why Great Family Law Attorneys use Certified Divorce Financial Analysts®
Divorce and the New Tax Law
The new tax law, Tax Cuts and Jobs Act of 2017 (“TCJA,”) impacts many of the most commonly negotiated terms in divorce. I’ll briefly cover just a few here. Please be sure to review your tax status with your tax planner or attorney before next year. Alimony: For divorce decrees after December 31, 2018, alimony … Continue reading Divorce and the New Tax Law
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
Converting Rental to Primary Property in Divorce
When couples own a primary residence and rental properties one idea for asset division is for one spouse to stay in the primary residence and for the other to move to one of the couples’ rental homes. While this is convenient, the tax costs should be considered when valuing the properties. Section 121 IRS rules … Continue reading Converting Rental to Primary Property in Divorce