Divorce Financial Services

Getting divorced? Be forewarned: Hiring your own financial adviser—right away—can be the difference between a workable settlement and disaster.

A Look at the Division of Property, Debt, Retirement Funds, and Taxes in Divorce. Divorce is stressful emotionally, mentally, physically, and yes, financially. During a divorce, you and your spouse will be forced to make and accept decisions that have a major impact on your current and future financial situation and security. Don’t go into them uneducated and alone.

A divorce can become extremely complicated when it involves a closely-held business. This article provides an overview of options for dealing with a business in divorce.

Divorce can feel like a full time job. Between the (sometimes) contentious texts with your ex-partner, phone calls to your attorney, and figuring out child custody, where you are going to live, and how your new life will look, there is almost always a sense of uncertainty or fear just below the surface. And regardless of how affluent the couple is, there is often a great deal of worry about the financial future.

No one wants to think about think about getting a divorce, especially when you work with your spouse. Michelle Crosby gets it. No really – she does.

Familiarizing yourself with the applicable tax rules and planning issues associated with your divorce settlement may be quite a significant challenge. Here are good thoughts.

Divorce is about severing ties and starting over, at the same time. Having a financial plan can help secure your future and give you peace of mind, but this process isn’t without its challenges. You have to reassess everything. Everything you do is built on a set of future goals, and these change when you get divorced. Your future goals aren’t going to be the same; they’re no longer in connection with someone else.

It can happen to the best of entrepreneurs. While a new business owner is putting in long hours to build a business, a marriage can fray. The next thing the owner knows, his or her spouse may be filing for divorce.

This scenario is all too common. Forty percent to 50 percent of all first marriages in the U.S. end in divorce, according to a 2010 report by the National Marriage Project at the University of Virginia. The divorce rate for second marriages is even higher.

In TV shows and movies, the typical divorce narrative is to portray women as celebrated victims. Meanwhile, men are depicted as silent sufferers who feel resentment, anger, depression and fear over lingering financial issues, relationship turmoil and worries over breaking up their families. Off camera, the truth is that men don’t always have the tools — or the support — to deal with these very real concerns.

Are You Financially Prepared for Life After Divorce? If you are not sure, this article is for you.