Divorce Settlement Agreements

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 [...]

Coping with Your Divorce’s Financial Impact – Part 2

As mentioned in Part 1, divorce can be devastating on finances. Being knowledgeable about your obligations and rights can decrease the costs and lessen the anguish of divorce. Part 2 will discuss Division of Property and Financial Impact. Division of Property Without a prenuptial agreement, state divorce laws determine how assets will be divided. Arizona, [...]

5 Potentially Bad Divorce Decisions
(and how to avoid making them)

Going it alone or excluding a Financial Divorce Analyst from your divorce team can lead to bad decisions that will have a negative impact on your future financial security. Here's a short list of the potentially worst decisions that individuals have made and continue to make as emotions take hold. 1. Trading your share [...]

Divorce Financial Planner Using Graphics to Settle Cases

Certified Divorce Financial Analysts™ (CDFA) have a unique and effective  "tool" to help individuals understand the potential financial impact that a settlement offer can have on their future finances. If used properly, introducing charts and graphics into settlement discussions can focus all parties on the bigger picture, separate fact from fiction, and make it [...]

Maryland Divorce Tips – How to Avoid Alimony Recapture

Alimony payments made in Maryland divorce cases are most times deductible as long as the payments meet the IRS criteria below: Payments must be made in cash or cash equivalents There must be a written separation agreement or court order designating the payments as alimony Neither spouse opts out of the tax treatment of [...]

Divorce Costs in Maryland – How to Get Your Own Stimulus

Depending upon the process that is used, divorce costs in Maryland can destroy a family's finances. Whether it's Mediation, Collaborative Divorce, or litigation, thousands of dollars can be wasted and paid to professionals prior to the creation and acceptance of a Maryland Separation and Divorce Agreement. Retained divorce professionals can help you significantly reduce [...]

Maryland Divorce Advice – Critical Tax and Financial Issues

I’ve seen it time and time again. When divorcing spouses sign divorce agreements without the guidance of an experienced Financial Divorce Specialist, the result can be significantly higher income taxes and unnecessary penalties for either or both spouses. Many times, the Maryland Separation and Divorce Agreement (MSA) does not address significant tax issues, its [...]

Five Costly Mistakes in Divorce Settlement Agreements

I always tell clients that my work is not complete until I review the draft of the property settlement agreement. In fact, I strongly believe that a Certified Divorce Financial Analyst (CDFA) review any divorce agreement where finances (deductible alimony, retirement, pensions, etc.) are a significant part of that agreement. But wait a minute; shouldn’t [...]