John and Laura Roach, authors of Divorce in Peace, join Cathy DeWitt Dunn on Women Money and Power to discuss their newly released book.
Part 2 of the interview with Judge John Roach and Laura Roach. Read More
Divorce in Peace authors Judge John Roach and Laura Roach join Cathy DeWitt Dunn on Women Money & Power Talk Radio to discuss their book. Read More
Be prepared with our Divorce Financial Checklist! If you’re contemplating a divorce, you’re likely overwhelmed by all of the emotions and uncertainty about the future associated with such a move. However, to get the most for your money and from your lawyer’s time, it’s important to get together all of your relevant financial information before you sit down with your attorney or Certified Divorce Financial Analyst.
Divorce Checklist Part II
Powers of attorney. If you or your spouse have power of attorney for a family member or friend who is ill, incapacitated or otherwise can’t handle his or her own affairs, you’ll need to bring this documentation with you to your meeting with your divorce lawyer. Read More
Monday, April 6th, 2015 and is filed under Divorce - Blog Category
If you’re contemplating a divorce, you’re likely overwhelmed by all of the emotions and uncertainty about the future associated with such a move. However, to get the most for your money and from your lawyer’s time, it’s important to get together all of your relevant financial information before you sit down with your attorney or Certified Divorce Financial Analyst. Be prepared with our Divorce Financial Checklist!
Financial Information You’ll Need for Your Meeting with Your Divorce Attorney (Part 1)
Connecting with the right attorney is critical in divorce. But if you have accumulated a significant asset portfolio during your soon-to-be dissolved marriage, hiring a third party financial expert can be just as important. A Certified Divorce Financial Analyst (CDFA) can help you negotiate your financial position and save money in the process. Read More
When facing a divorce, it’s common for one spouse to express a desire to stay in the family home. This can be for a number of reasons. The spouse may want to minimize disruption in the lives of the children. Or they may simply want the comfort of familiar surroundings as they face dramatic life-altering changes. Under these circumstances, many profound emotional forces can be at play.
Set emotions aside and ask yourself, does it make financial sense to retain the family home? Read More
With the exception of child custody, the distribution of marital property is arguably the most important aspect of a divorce agreement. When considering division of assets, remember that what looks equitable on the surface may not be. One major reason is tax liability.
Typically, any transfer of marital property to one spouse that occurs as a result of a divorce settlement is not taxable at the time of transfer. However, any taxes due after the sale of assets or income earned from investments after the divorce will be paid solely by the spouse who was awarded the asset.
Let’s take a look at two areas of tax liability that come into play: income taxes and capital gains taxes. Read More
It is very common in a marriage for one spouse to earn most, if not all, of the family’s income – especially if the couple has children. Generally, this means the spouse who earns more will be at a huge advantage when it comes to plans that will provide income in retirement. If the couple is facing divorce, their settlement will typically divide those pension plans, 401k’s, or IRAs. What many couples – and sadly, some divorce attorneys – don’t understand is the settlement agreement isn’t enough. You need a QDRO, or Qualified Domestic Relations Order. Read More
Divorce consumes every aspect of your life: emotional, familial, social, spiritual, legal, and financial. It generates emotions that are often conflicting and intense. In divorce, expect upheaval in virtually every area of your life.
That’s why one of the best things you can do to keep your emotions from overwhelming the situation is to maintain focus on the financial challenges the divorce process presents. The decisions you make today will set your financial tone well into the future. That’s why in addition to qualified legal counsel, it’s critical you seek qualified financial counsel: a Certified Divorce Financial Analyst. Read More