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Should I Try to Keep the House? (Divorce & Mortgage Issues)

One of the most complex questions in litigation or mediation is, “Should I try to keep the house?” This calculation  requires accurate financial analysis prior to negotiation to evaluate whether (or not) it’s a worthwhile want. Because the marital home is such an emotional trigger, it often leads clients to [...]

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 [...]

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" [...]

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, [...]

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 [...]

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