Certified Financial Planner

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 [...]

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 [...]

Life Is Short. Have an Affair.

Last week’s New York Times Technology headline, “The Ashley Madison Data Dump, Explained,” further delighted all who believe in the karma bus. The initial reports about the hack did not cover the moral aspect of cheating as much as the perils of being caught. Websites abound making the results easily [...]

Do You Need a Financial Professional for Your Divorce Mediation? Yes, You Do.

Whether litigated or mediated, a divorce financial professional should always be part of your team. Recently, I attended an intensive, five-day interdisciplinary mediation training workshop. Of the 18 people in the workshop group, 14 were trial lawyers, 3 were mental health professionals, and I was the only financial professional. The workshop took [...]

Do Credentials Make an Expert?

In my work as a Certified Divorce Financial Analyst, I regularly speak to groups of women about the financial realities of divorce. Some are contemplating divorce. Many are already in the process. Some just want to make sense of the financial wreckage they were left with after their divorce settlement. [...]

Go to Top