401(k) Can Meet Divorce Cash Needs

Getting divorced and need cash? Often in divorce, there is a need for cash.  You might need to purchase a new home, move, pay attorney fees, pay college tuition, or any number of things.  Cash is often scarce.  An option for getting cash is from one the largest assets in many marriages, the 401(k) plan.  Did […]

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Attorney Retainers in Divorce

Save money in divorce Understanding how attorney retainers and fees work can save you money in your divorce! Everyone would like to save money in divorce and some things are in your control.  Today I was again reminded about how the average layperson does not understand the concept of an attorney retainer, which in Wilmington […]

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Same Sex Divorce Faces Unique Challenges

  Same-sex divorces face unique challenges Now that same-sex marriage is legal, these couples not only face the same issues that opposite-sex couples do when it comes to divorce, they actually face even more complicated issues when it comes to divorce. For instance, when did the couple marry?  Same-sex couples who lived together for many years […]

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What is a Financial Affidavit in Divorce?

  There is a specific legal format for presenting financial information to in divorce court so that it is presented uniformly.  In most divorce cases, you and your spouse will have to prepare and file a “Financial Affidavit”.  (Note: Financial Affidavits are called different things in different states. For example, in New Jersey, it’s called […]

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Deductible Alimony Disappears in 2019

Deduction of alimony ends soon for new divorces One of the changes brought about in the recent tax reform act was the elimination of the ability to deduct alimony payments starting in 2019.  Under current law, alimony payments are deductible by the payor and taxable to the payee.  Alimony that is in effect, or goes […]

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Reviewing the W-2 for hidden assets in divorce

Wondering whether your spouse has disclosed all the compensation he or she is receiving? Employees are often compensated in ways that are not reflected in the deposit to the family bank account. It is important to ask for both pay stubs and past W-2s when investigating hidden assets. Employers will report assets such as contributions […]

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Affordable Divorce? Yes it’s Possible!

When I tell people what I do, I say I help people have a kinder, less fearful, more affordable and financially guided (or smart) divorce.  Working with a Certified Divorce Financial Analyst (CDFA) is a smart solution for having an affordable divorce, and this is why. Where I live, the typical family law attorney retainer […]

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Divorce can be kinder. Here’s how

When I tell people what I do, I say I help people have a kinder, less fearful, more affordable and financially guided (or smart) divorce.  Settling your divorce out of court is kinder, and this is what I mean. You and your spouse are committed to resolving your divorce with mutual respect for the love […]

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