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Posts Tagged ‘Finances’
Divorce and Taxes – A 4-Part Guide to Avoiding Costly Mistakes – Part 4: Long-Term Tax Planning for Divorce: How to Protect Your Financial Future
Most people focus on the short-term during divorce—but smart financial planning means thinking years, even decades, ahead. A settlement that looks fair today may become burdensome tomorrow if it doesn’t account for long-term tax consequences. In this final installment of our series, we look at how to build a divorce agreement that supports your financial…
Read MorePrenuptial Agreements for Remarriage: Protecting Your Children & Financial Future
If you are planning to get married and you and/or your fiancé have children from previous relationships, a prenuptial agreement is a valuable tool you should know about. Prenups not only address financial obligations and commitments in your new marriage, but they also help to promote harmony and protect the children of your newly blended…
Read MoreSix Common Financial Mistakes People Make After Divorce
When your divorce is over, you may think that it is finally done, and you can move on. However, this is a crucial time to reset your finances and avoid some of the common financial mistakes post-divorce that can have long-term repercussions. We frequently work with Certified Divorce Financial Analysts (CDFAs) who have shared their…
Read MoreHow Do I Build the Right Divorce Team For My High-Asset Divorce?
Complex financial issues can make an already difficult divorce process even more challenging. For this reason, assembling the right team for your high-asset divorce is one of the most important steps to take early in the divorce process. Having a trusted team of advisers around you will help you to make good decisions during the…
Read MoreFiling Taxes During and After a Divorce
Handling your tax returns can be a daunting task, and when you are filing after a divorce, the complexity increases. It is important to ensure a seamless collaboration between your divorce attorney and accountant to address current and future tax-related concerns. During the Divorce Process Collaboration between your divorce lawyer and accountant is essential during…
Read MoreBusiness Owner Tips for Protecting Your Business Assets in a Collaborative Divorce
Financial Considerations If You Are Divorcing With Children
Divorce is never an easy process, and it becomes even more complex when children are involved. Not only does it bring emotional upheaval to the family, but it can also have significant and long-term financial implications. In this blog, we explore the various financial aspects to consider when going through a divorce with children so…
Read MoreHow Complex Finances are Divided in the Collaborative Divorce Process
If you and your soon-to-be ex have a complex financial situation, you may wonder how you will divide all your assets and property in your divorce. To help the process go as smoothly and amicably as possible, the benefits of working with an attorney who practices collaborative divorce significantly outweigh what you can expect when…
Read MoreDivorce Strategies for Business Owners
If you are a business owner going through a divorce, your divorce will have different issues than the divorce of a couple where both spouses are W2 employees. In addition to relying on your business to provide you with income and a certain lifestyle, you may have a strong emotional attachment to it. Whatever the…
Read MoreHow Collaborative Divorce Protects Your Interests and Helps You Find Financial and Emotional Security in the Wake of Financial Betrayal
Financial infidelity can destroy the trust on which a marriage is built. It can be as hurtful as romantic infidelity and have ramifications that impact the future of both spouses and their children. Financial infidelity might stem from a drug or gambling addiction that leaves you in debt. It could be caused by hidden tax…
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