Financial Confidence When Facing Divorce
The emotional upheaval of a divorce is no time to be learning money basics and selecting professional advisors. Preparing now isn’t cynical – it’s smart. In the late 16th century, when death parted married couples far more often than divorce, Sir Francis Bacon wrote, “Knowledge is power.” Women of the 21st century should adopt that credo with [...]
There is a renewed excitement about the acceptance of gay marriage in this country. The Supreme Court is hearing an important case and the topic recently made the cover of Time magazine. As the this Time magazine article noted, the tide is changing and many Americans are not only in support of gay marriage but [...]
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Q: Will I be able to receive alimony? A: The test for alimony (or maintenance or spousal support) include some of the following, however, keep in mind that no two cases are the same. You need to seek individual advice in order to determine how the specifics of your case may impact your ability to [...]
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Whether fresh out of college or after a marriage, it is highly likely women will some day go it alone in taking care of their financial needs. With the combination of later marriage, divorce, widowhood and longevity, almost 90 percent of women will end up managing their finances alone at some point in their lives, [...]
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In a divorce settlement, you don’t get do-overs. Doing your homework and enlisting the help of trusted professionals, including a Certified Divorce Financial Analyst ™ can prevent costly mistakes. Few times of crisis require immediate, clear-headed financial thinking like a divorce, so arm yourself by gathering every scrap of information on your finances. Request your [...]
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Establishing a very good partnership with your divorce attorney is critical as it has an enormous impact on the process, outcome and cost of your divorce. Take time to carefully pick the best attorney for you. Here are some do’s and don’ts to get you headed down the best path. 1) Before going to see [...]
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When it comes to setting financial goals and figuring out how you’re going to reach them you can’t leave it to chance. By definition, a goal has a deadline, and in order to reach it you need a strategy—you have to do certain things, in a certain order, by a certain date. Whether your goal [...]
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What would you do if a five- or six-figure check showed up one day? You might want to give that question some serious thought because, for some families, it could happen. No, it’s not the lottery, a federal stimulus payment or the result of your ability to pick hot stocks on Wall Street. It might [...]
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Sometimes life gives us another chance… a “do over.” We’re hopeful and with good reason. We’re also aware that a second marriage is a bit more complicated than the first time we tied the knot. When two families join together, it’s not always like the Brady Bunch. Remarriage creates instant extended-family responsibilities that can affect [...]
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Children! There is nothing like them. They can be our sweetest blessing, as well as our most challenging frustration. But most of all, they are our greatest responsibility, our most important commitment. Raising children is not easy. Most parents would agree that it’s the most expensive, lowest paid hard work there is. Whether you are [...]
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Succession Planning for the Family Business is Critical, But Not Always Easy The family business – the bedrock of the American economy – rarely survives the transition from one generation to another. Possible reasons are many, yet any working list will reflect an underlying problem: dealing with transition issues often leads to a plethora of [...]
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Special needs planning For the family of a child with special needs, it is necessary to implement a comprehensive estate plan because there will be several unique circumstances along with many decisions that may affect that child’s quality of life. Whether a family has substantial means or few assets, a child or adult with special [...]
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