John

About John Faggio

John Faggio is the managing director of Faggio Financial, LLC (www.divorce-finances.com), Maryland's only exclusive matrimonial finance practice. John is a CPA, a Certified Financial Planner® Professional, and a Certified Divorce Financial Analyst (CDFA®).

Protecting Your Credit During Divorce – Part 1

Getting divorced can be a great personal and financial challenge. During the process of negotiating a divorce agreement, it is crucial to ensure that you will be sound financially and not burdened by the debts of your former spouse. Unfortunately, people are often quite unpredictable when times are stressful. Out of spite, a divorcing spouse [...]

Selecting the Divorce Attorney Who’s Right for You – Part 3

As discussed in Part 2, compatibility is perhaps the most important factor in selecting the divorce attorney right for you. Part 3 will complete this article by discussing several other factors to consider before making the final choice of a divorce attorney. Relevant Experience and Reputation Determined by the residence of the divorcing couple, divorce [...]

How to Get a Fair Divorce Settlement Agreement

Divorcing couples are typically counseled to make an effort to negotiate a fair divorce settlement agreement. Although the division of assets can be made to appear mathematically equal, it may still not seem fair for one of the parties. In addition, how does the law determine what is equitable? The following will discuss several obstacles [...]

Selecting the Divorce Attorney Who’s Right for You – Part 2

As discussed in Part 1, a Certified Divorce Financial Analyst (CDFA) will provide comprehensive guidance regarding the financial matters involved when a marriage is dissolved.  An experienced CDFA will also know how the work of a divorce attorney can play a great part in the financial outcome of a divorce settlement. Part 2 will continue [...]

Selecting the Divorce Attorney Who’s Right for You – Part 1

Ending a marriage is always a difficult decision, and once both spouses decide to divorce, there will be other important decisions to be made, many with long-term financial impacts. When you consult with a Certified Divorce Financial Analyst (CDFA), the analyst will provide comprehensive guidance regarding the financial matters involved when a marriage is dissolved.  [...]

Helping Your Clients Avoid Costly Tax Traps
in Divorce – Beyond the Basics

Webinar Thursday December 7, 2017 1-2 pm (ET) Registration is limited to 30 Participants $79 Registration Cut-off at 10 pm, December 5th This webinar will enable you to alert your clients of the potential tax traps inherent in most divorce cases. The presentation will include dependent exemptions & transfers, alimony recapture, mortgage interest and [...]

By | 2017-11-13T18:19:38+00:00 October 27th, 2017|Divorce Filing Status, Income Taxes, News and Events|0 Comments

Divorce’s Devastating Effects on Finances – Part 2

As discussed in Part 1, the financial effects from divorce remain as devastating as ever, even though American divorce rates have dropped the past three years. Part 2 will discuss the financial impact of alimony and legal expenses. Consult with a financial divorce specialist for professional guidance. Alimony Accumulates Varying greatly state to state how [...]

By | 2017-12-08T10:12:20+00:00 October 26th, 2017|Alimony, Costs of Divorce, Financial Divorce Analyst|0 Comments

Divorce’s Devastating Effects on Finances – Part 1

The U.S. divorce rate had dropped for three years in a row, dipping to its lowest mark in almost 40 years in 2016. However, the financial effects from divorce remain as devastating as ever. Depending on the state where you and your spouse reside, the average cost is from $15,000 to $20,000. If you are [...]

Is Divorce After 50 Different Financially? – Part 2

As discussed in Part 1, divorcing after the age of 50 will be different than a divorce at a younger age. You may have expected to retire comfortably, but a divorce may result in more household costs and less available income. Those divorcing at a later age may have to resume working or stay on [...]

Is Divorce After 50 Different Financially? – Part 1

Divorcing after the age of 50 will be different than a divorce at a younger age. Although marriages of younger people end for similar reasons, couples over 50 will face other factors related to their age that already exist or are looming. Issues regarding health, retirement, and generating income must be faced, adding stress to [...]