One of the more complex parts of a divorce is the division of retirement accounts. Whether it's a military pension, IRA, or an employer-sponsored plan, the first steps are to list and confirm those accounts, determine when the accounts were opened, whose name they are...
One of the most important decisions in a divorce is how to handle the house. For many couples this is the biggest asset in their family’s estate. But before any decisions can be made it is important to gather a significant amount of background information. This...
If you or someone you know is contemplating divorce, one of the most common questions to be answered is “What’s this going to mean for my retirement funds, my pension, and my future lifestyle?”. To best answer this, start with having a clear understanding of your...
If you’re a current or former member of the armed forces, chances are you’ve been trained for some of the most grueling and demanding situations out there. What that training doesn’t do, is prepare you for the challenges of a military divorce. Even for civilians,...
Divorce feels as though everything you thought you knew about your life and your future is suddenly flipped upside down. It can be a struggle to make sense of the pieces that remain. It’s common for a person to want to stay in the current marital home and retain some...
As soon as you begin to contemplate divorce, the realization of losing half of your net worth may kick in, and you find yourself wondering if it’s even worth it financially to consider leaving.
What’s a man contemplating, or already in the middle of a divorce, to do? There seems to be multitudes of services that cater to helping women during this tough time. It’s true that women may need a little more emotional support and financial education during the process if their Husband had overseen the finances during the marriage. But the family finances may not always have been handled in this manner. Men can also struggle to find appropriate divorce-related resources that they need.
Many times… that’s a definite YES! Let’s say you find yourself in the final stretch of your divorce and you can see hope at the end of the tunnel. Perhaps you’ve reached a proposed settlement agreement with your spouse, then your Attorney or Mediator brings up, “In order to split this retirement account, you need a QDRO done and there will be a cost for that.” You may want to just scream out, “Wait, what? Are you kidding? What the heck is a QDRO?”
For most people, the divorce process is emotionally draining and mentally exhausting. It can be a time of feeling frozen, numb, or moving in circles. But despite those feelings, you will be expected to go through your finances with a fine-tooth comb to ensure that...
START WITH A FREE DOWNLOAD:
Identify Your Priorities, Before Having Any Discussion With Your Spouse
Knowing your priorities will help you be confident in what to ask for, and what you can live without.
