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Divorce Over 50? – Get to Know QDRO

Wednesday, July 15th, 2015 and is filed under Divorce - Blog Category, Saving for Retirement, Videos on Women Money & Power

It is heart wrenching to be a spectator of a divorce. Many of us have witnessed one or more of our girlfriends go through the Big D (AKA hell) or, even worse, we’ve experienced it ourselves. No one wants to see a marriage dissolve – the parents, kids or the friends of the couple intertwined in the impending break-up. However, the divorce over 50 trend among couples is becoming a startling statistic. In the last 20 years, the divorce rate among baby boomer couples has doubled. Read More

Divorce Financial Checklist Part 1

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)
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Divorce and the Family Home: Stay or Go?

Thursday, January 8th, 2015 and is filed under Divorce - Blog Category, Financial Planning Blogs, Uncategorized

Divorce and the Marital HomeWhen considering a divorce and the family home, take your time to evaluate your options. Don’t base your decision on emotions!

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

Divorce and the Marital Home

Thursday, July 17th, 2014 and is filed under Divorce - Blog Category

Dividing the Marital HomeWhen facing divorce, it is common for one spouse to want to stay in the family home to minimize disruption in the lives of the children, or just to hold onto something familiar in the face of major life changes. While there are many emotional components at play, there are four factors to consider when deciding whether keeping the family home makes financial sense.

1. Current value and market conditions – The first step is to find out what the home is worth and get a feel for real estate market conditions. A real estate professional can help you evaluate your home against “comps,” or other recent sales in the area, but an appraisal may be the best determiner of your specific home’s value. Read More

Empowerment Zone: Recreating Your Future with a CDFA

Wednesday, June 25th, 2014 and is filed under Divorce - Blog Category, Financial News, Financial Planning Blogs

CDFA - Certified Divorce Financial AnalystDivorce 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

Looking for a Certified Divorce Financial Analyst in the Dallas/Fort Worth Area?

Monday, June 16th, 2014 and is filed under Divorce - Blog Category

With our corporate headquarters conveniently located in Addison, Texas, we assist clients in Dallas, Fort Worth, Richardson, Carrollton, Farmers Branch, Plano, McKinney, Garland, Frisco, and the surrounding area.

Certified Divorce Financial Analyst Serving Dallas/Fort WorthAs a Certified Divorce Financial Analyst (CDFA), Cathy DeWitt Dunn discretely provides the financial expertise you need to help you negotiate the best possible divorce settlement. Cathy works closely with your divorce attorney to build a strong financial case that supports both your immediate needs as well as your long-term financial wellbeing. Even if you do not have a divorce attorney, Cathy can provide crucial insight on how various settlement proposals will impact you financially both short-term and long-term. Read More

What You Need to Know About QDROs

Monday, March 31st, 2014 and is filed under Divorce - Blog Category, Uncategorized

what-is-a-qdroOne of the reasons people place retirement funds into qualified retirement plans such as an IRA account is that the funds are set aside pre tax. When you’re going through a divorce, these retirement assets will need to be divided, and you’ll want to make sure that a QDRO is included in the agreement to handle these previously untaxed assets. If you divide a retirement account such as an IRA without a qualified domestic relations order, it can be subject now to taxes and even penalties. Read More

What Does a Certified Divorce Financial Analyst Do?

Thursday, March 27th, 2014 and is filed under Divorce - Blog Category, Uncategorized

certified-divorce-financial-analystIf you’re preparing to divorce, you probably know that you will need an experienced divorce attorney to help you navigate the process. But did you know that you should also enlist the help of a Certified Divorce Financial Analyst? The Certified Divorce Financial Analyst will work closely with your attorney to make sure that the proper asset division strategies are in place and help you get the most out of your divorce settlement. Read More

Valuing Specific Assets in Divorce

Wednesday, March 26th, 2014 and is filed under Divorce - Blog Category, Uncategorized

valuing-assets-in-divorceWhen you’re going through a divorce, you may be dividing a variety of different assets. Each will need to be properly valued to come to a final settlement. Specific assets may be valued differently. Here’s some information on the valuing of specific assets during divorce.

Valuing the Home in Divorce

If you or your spouse do not wish to sell the home and are negotiating an agreement out of court, you can use whatever value determination you both agree is fair. This can be fair market value, original purchase price, or the amount it would take to pay off the mortgage. In court, the judge will likely use current real estate appraisals of the property to determine value. A real estate appraiser will be used as the expert to determine the value, and each party can hire their own appraiser if they wish. Because there are various approaches that appraisers might use to determine value, you’ll want to have an appraiser on your side if you’re arguing your case before a judge. Read More

Business Assets and Divorce

Tuesday, March 25th, 2014 and is filed under Divorce - Blog Category, Uncategorized

business-assets-and-divorceIf you want to make sure that you receive everything to which you’re entitled, you’ll want to learn about business assets and divorce.

A business is treated like any other asset during a divorce. That means that the rules related to community property apply. It also means that you may have the right to a portion of the profits from the business as part of the divorce settlement, even if you haven’t played a role in the creation or running of the business. There are also ways in which you might be entitled to the profits of a business that was started or acquired prior to the marriage. Read More

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