Certified Divorce Financial Analyst® & Certified Financial Planner®

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Good News : Bad News - Tax Facts About Spousal Support by Vickie Adams

Good News / Bad News – Tax Facts About Spousal Support

Each tax season in my work as a CFP, I have the unpleasant task of informing a recent divorcee that they have an unexpected and substantial tax liability. It’s a curious phenomenon that during tax preparation, the spousal support payor rarely forgets the deduction and chimes in with, “Don’t forget to include my alimony –…

The Hidden Benefits of “Tax Season” By Vickie Adams

The Hidden Benefits of “Tax Season”

In most marriages, it is not unusual for one spouse to have a more “hands-on” role or a better understanding of the marital finances. For a variety of reasons (fear, control, stereotypical gender roles), the spouse who is less focused on “how the money works” may not possess the information necessary to understand or accurately…

Financial Dangers of Living Separately (But Not Divorced) By Vickie Adams

Financial Dangers of Living Separately (But Not Divorced)

It’s just a short hop from the holidays to what is known as “divorce season.” For the past 2 months, many people have been in holiday “limbo,” not making waves during this time of “goodwill.” I’ve counseled many women, often the lesser earners, who have remained in a separated-but-not-divorced “limbo” state for longer than a…

Happy Holidays? Maybe and Maybe Not by Vickie Adams

Happy Holidays? Maybe and Maybe Not

I have a close friend whom I’ve known for many years. She is always busy, dressed to the nines. I’m most likely to see her pulling out of her driveway, on her way to another weekend getaway or special event with her handsome husband and a smile on her face. One year, I watched them…

Thinking of Hiding Assets? Don’t! By Vickie Adams

Thinking of Hiding Assets? Don’t!

In 1996, wife Denise Rossi purposefully hid lottery winnings in the amount of $1.3 million from her husband of 25 years. When her ex-husband realized what she had done, he filed a motion to set aside the divorce agreement. Denise was found guilty of fraud and her ex was awarded all $1.3 million of the…

4 Ways to Minimize the Cost of Divorce By Vickie Adams

4 Ways to Minimize the Cost of Divorce

Whether mediating or litigating your divorce, costs can escalate quickly, especially if you are facing a complicated settlement. There are some simple ways, however, to help keep the cost of your divorce down. Here are 4 of them: Limit Email Communications Communicating with any divorce professional by email can substantially increase the costs of your…