Beneficiary Designation Post-Divorce: Watch Your Timing
Many people will negotiate the date on which they will take status as single individuals for tax or other purposes. Waiting until January 1st of the year following the separation may be mandated by state-instituted waiting periods, income tax planning, insurance...
Beneficiary Designation: How Should a Client Proceed After Divorce?
It’s natural for clients to want to move on with their lives as quickly as possible after they complete the financial negotiations of their divorce; moving on includes taking control of their own finances. We regularly engage with clients to complete these...
Should You be the One Who Moves After Your Divorce?
This piece was provided by Joyce Fine, PhD, Licensed Clinical Psychologist, Certified Divorce Coach, Collaborative Divorce Facilitator in Denver, CO. Dr Fine specializes in psychotherapy with adults, couples, and families, provides psychological evaluations, and works...
Does Spousal Support Affect Social Security Benefits?
With the increase in “gray divorce,” we are sometimes involved in cases with an individual or couple who is already receiving Social Security benefits. These benefits are also an important consideration when someone is receiving need-based Supplemental Security Income...
Let’s Clarify the Changes to Dependency Exemptions and Child Tax Credits
With the 2018 implementation of the Tax Cuts & Jobs Act, it’s natural that questions should arise about changes and new rules – especially regarding dependency exemptions and Child Tax Credits in relation to divorced parents. People are confused because...
What Happens to Spousal Support after the Death of the Payor?
It’s hard to believe that it could ever happen to you and your family: the death of an ex-spouse. While this not only involves a complicated grieving process, from a practical standpoint it can completely change your life if that spouse was responsible for...
Over 50 and Thinking about Divorce? Here’s what you Should Know
Simply put, the older you are when you divorce the lower your chances of recovering from any mistakes you make during the financial settlement process. It is critical for anyone over 50 to concentrate on the long-term financial planning implications of the settlement....
Divorce Mediation: Leveling the Financial Playing Field
It is common for one party to hold all the cards when it comes to financial knowledge and power in a marriage. We have the economic theory of comparative advantage to thank for this reality. Comparative Advantage Comparative advantage at its simplest says the person...
5 Things You Should Know about Divorce Mediation
The concept of divorce mediation has proliferated in America in the last thirty years as divorcing parties have realized that divorce court should be an option of last resort. divorce mediation supports the decision making of the people whose lives are actually...
Retirement Plans & Pensions: Are they marital assets?
Retirement plans are marital assets subject to division to the extent they were earned during the marriage. State laws differ on how to determine exactly what "earned during marriage" means so be sure to check with a local expert. In order to earn pension benefits a...