Let's start with the basics. When it comes to retirement accounts, there is a wide array of options available - from the popular IRAs, ROTH IRAs, and 401(K)s, to numerous other lesser-known plans. With so many choices, it can be overwhelming for individuals who are not dealing with them on a daily...
Valuing and dividing retirement accounts is more complex than most divorcing couples expect. Below are five common questions we receive regarding divorce and retirement accounts.
1. Does a retirement account only belong to the person whose name is on it?
Imagine that only one spouse worked...
While often considered the kinder approach to divorce compared to traditional litigation, the benefits of mediation go far beyond those simply looking for a "nicer" approach. The best-kept secret of mediation is that it is actually the couples with more conflict who can see the greatest benefit from...
An interview with Amy Terrell, Senior Loan Officer & Certified Divorce Lending Specialist with US Lending Corp.
I find it essential to develop a reliable network of professionals who can support my divorcing clients. There are such a wide variety of issues that arise during the course of a divo...
In initial meetings with individuals facing divorce, recurring concerns resound—questions that often torment and exacerbate the already stressful process. These shared anxieties, like "Can I hold onto our home?" and "How will I secure health insurance?" keep individuals awake at night as they naviga...
I strongly believe in the benefits of choosing mediation for your divorce but it's also important to understand the challenges and prepare for those. The decisions made in mediation can significantly impact your life for years to come. With that in mind, it can be easy to become overwhelmed during t...
Dealing with a divorce is difficult no matter the time of year but dealing with divorce over the holidays compounds the stress. It means more time with family who may or may not be on board with this significant change in your life. It means hearing opinions that you did not ask for even though th
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The anger in the room was palpable. I was sitting at a round table with a husband and wife who had chosen to use mediation as a way to come to terms on their divorce agreement. According to the wife, the husband had been unfaithful several times throughout their marriage. According to the husband, t...
Divorce can be one of the most stressful transitions in life, especially when it comes to dividing assets. In many marriages, one spouse handles the finances, including investments, while the other may not be as involved. This can make dividing investment accounts in divorce particularly overwhelmin...
If you are recently divorced and not sure what to do with your ex's retirement account, you are not alone.
It is common for one partner to handle all of the retirement accounts in a marriage. In fact, I get calls all the time from individuals who are extremely frustrated. After they've been divorce...
First, if you are considering leaving an abusive relationship and are in an unsafe situation, I encourage you to contact The National Domestic Violence Hotline for assistance.
If you are experiencing financial abuse in your relationship, it's important to take action to protect yourself. Financial ...
As a Certified Divorce Financial Analyst (CDFA), I often work with couples to maximize their estate by minimizing the tax impact of their financial decisions. However, with rising higher education costs, the conversation around divorce and college financial aid has become more prevalent. More couple...
