In a prior post, we highlighted the importance of preparing for one's post divorce financial life. Living without two incomes may be unfamiliar for some divorcees, with many needing to make major concessions to make ends meet on one salary. Even with child support,...
Divorce With Respect
Divorce
Common tax questions during divorce
With the federal income tax filing deadline passing this week, those who have procrastinated are probably stressing out over the prospect of not having the money to pay their tax bill (if they owe money). For those who anticipate a refund, you can take solace in...
The best ways to make your kids hate you during divorce
In our practice we find many stories of children being upset, defiant and ultimately unhappy. The stories are truly heartbreaking, and the common theme surrounding their despair is that parents (yes, both parents) are equally responsible for their troubles. For the...
Fact or Fiction? A 10-year marriage guarantees alimony (spousal support in California) for life
Marital happiness lasts for approximately seven years before the average spouse begins to get restless and stray from their vows of faithfulness - or so says the theory of "The 7-Year Itch." It probably isn't a good idea to put significant stock in a theory...
Could you be saddled with joint debts after divorce?
It almost goes without saying that you must protect your financial interests in a divorce. This can be accomplished by securing spousal or child support, or by ensuring that your marital property is divided equally. However, while working to reach a financial...
The effect of bitcoin on future divorces
In our last post, we highlighted the increasing popularity and value of bitcoins, a form of cryptocurrency being used by millions of consumers and merchants across the world. While bitcoin is not currently poised to overtake the U.S. dollar, British pound or euro...
What all divorcing parties should know about bitcoin
Despite how angry they may be with the other spouse, and the lack of trust between soon-to-be ex-spouses, settling a marital property dispute ultimately works best for both parties. Unlike protracted litigation, there is no loser in a mediated settlement. A compromise...
What to expect when starting over
Our readers appreciate the technical knowledge we disseminate in our posts, but many appreciate knowing how their lives will change after a divorce is finalized. Indeed, people can describe what post-divorce life will be like, but in many cases a divorcee will simply...
3 steps to financial honesty in your relationship
Money does not grow on trees. It is not something most people come by easily or have in excess. It is quite the opposite for the average person. This can make finances a pain point in even the strongest relationships. Talking about debt, account balances, small...
What to do when telling kids about your divorce
Divorces tend to increase in the early months of a new year. Whether parents simply start the process of finding a family law attorney or actually file papers differs, but one thing is for certain; the children must be informed. Indeed, many divorcing couples with...
