Retirement Planning: How Vesting Can Affect Your Divorce
What is vesting? Vesting gives an employee rights to employer-provided assets over time, which gives the employee an incentive to perform well and remain with the company. The vesting schedule set up by the company determines when the employee acquires full ownership...
Looking for a Financial Advisor After Divorce? Here are 10 Questions You Should Ask
Your divorce is finalized, and the financial settlement is clear(ish). How do you take control of your new-found financial independence? The first item on our Post Divorce Financial Checklist is "Interview and retain the services of a financial planner." You may have...
Filing for Divorce: Am I divorced or married this tax year?
You determine your tax filing status based on your marital status on the last day of the tax year, which is December 31st for most individuals. You are considered divorced if you took status as a single individual before December 31st of a given tax year. ...
Temporary Orders for Money: How They Are Used in Divorce
When are Temporary Orders Used? Divorce is not a fast process. It is a legal, emotional and financial process often lasting years from the date a petition for dissolution is filed. Because of the often long periods of time passing between petition and judgment...
What is Financial Discovery?
Financial discovery is a process, not an event; it is the fact finding/document gathering part of the divorce process. It can be time-consuming and possibly the most expensive part of a divorce, particularly for a wealthy family, and requires ongoing document requests...
Can Legal Fees be Deducted?
Maybe. It depends on the reason you incurred the fees. You cannot deduct the basic legal fees for divorce or court filing costs. However, you can deduct any fees including legal fees that were paid for tax advice related to the divorce or to help you get taxable...
20 Questions to Ask your Divorce Attorney Before Hiring
If you’re contemplating moving forward with a divorce, it can be hard to know where to turn; you’ll want to make sure you have the right professionals in your corner to help you with your case. As you’re looking for a divorce attorney to help you with your case, you...
Breadwinner Moms: It’s time to change your assumptions about alimony
According to the Center for American Progress, “In 2015—the year for which the most recent data are available—42 percent of mothers were sole or primary breadwinners, bringing in at least half of family earnings. Nearly another one-quarter of mothers—22.4 percent—were...
Meeting with Your Divorce Attorney? Here’s What You can do to Prepare.
It’s no secret that going through a divorce can be expensive – but there are ways you can possibly save money along the way. One of them is being prepared for your first meeting with your divorce attorney; if you are organized and provide your divorce attorney with...
Protect Your Assets: What you need to know about prenups
If you’re thinking about making a commitment, chances are getting a prenup has been on your mind. You might be wondering what exactly it is, if you really need one and how you would go about getting it. Here’s a little Prenup 101 to get you started! What is a...