Articles
Category: Divorce and Money
May I Please Have a Financial Do-Over?
“May I please have a financial do-over?” Sometimes we get into situations and we feel we are trapped, smothered in distress, and we often cannot see a way out. Wouldn’t it be great if we could do it all over again? We would be so much smarter the second time around. Financial stress can be […]
Category: Divorce and Money
Getting a Grip on Your Financial Future Post Divorce
No matter how long you and your ex-spouse were married, you may have set aside some of your dreams for one reason or another. Now that you are divorced, you can think about those dreams again. Starting a new chapter in your life after divorce can be liberating and daunting. The possibilities are many, […]
Category: Divorce and Money
DO I REALLY NEED TO DO A BUDGET IN A DIVORCE?
“Why do I need to put together a budget?” This is a question that couples I meet with as a financial neutral in collaborative divorce commonly ask – and with good reason! Here they are, in the middle of what is likely the stressful, as well as sad and emotional, experience of ending their marriage, […]
Category: Divorce and Money
What Happens to Retirement Assets in a Divorce?
Going through a divorce? You should look carefully at retirement assets. Federal law requires that participants in employer-sponsored retirement plans designate their spouse as their beneficiary unless the spouse waives this right in writing. Assuming that you and your spouse adhered to this practice, a document known as a Qualified Domestic Relations Order (QDRO), which […]
Category: Divorce and Money
When Estate Planning and Divorce Intersect
Irrevocable Life Insurance Trust An irrevocable life insurance trust is a trust specifically designed to remove the death benefit of life insurance from your gross estate (the total dollar value of all property and assets at the time of your death). Most people fail to realize that when you own a life insurance policy, it […]
