Certified Divorce Financial Analyst™ (CDFA)

Since Lifetime Spousal Support Is Dying Away…

Once upon a time, in a land far, far away, “marriage, motherhood and homemaking” was considered a practical answer to the dilemma of long-term financial security. Lots of things have changed for better or worse. In the plus column: higher education, greater job opportunities and more “you can have it [...]

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 [...]

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 [...]

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" [...]

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. [...]

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 [...]

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 [...]

The Importance of Estate Planning During Divorce

At least once a year, I invite clients in to conduct portfolio and beneficiary reviews on all important documents. It’s a rare year where I don’t find at least one policy or investment where an ex-spouse is still named as the beneficiary of the policy proceeds. Since IRAs, retirement plans, [...]

How Much Do You Know About Your Marital Finances?

What if your spouse came home and announced he/she wanted a divorce? What would you do? Where would you start? The good news is, statistics show that the number of marriages that last to at least 15 years has been growing since the 1980s. That means the rate of divorce [...]

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