Download Divorce & Money: How to Make the Best Financial Decisions by Violet Woodhouse CFP Attorney, Dale Fetherling PDF

By Violet Woodhouse CFP Attorney, Dale Fetherling

Every little thing you must cut up resources and bills as quite as attainable. if you are dealing with divorce, you need to make an overpowering variety of monetary judgements. when you promote the home? What occurs to retirement advantages? how are you going to deal with taxes? jam-packed with delicate and functional suggestion, Divorce & funds courses you thru the method of creating those vital judgements. It covers how you can make a decision no matter if to maintain or promote the home, guard yourself opposed to misuse of joint money owed and charge cards, keep away from tax difficulties, deal with alimony and baby aid, divide accounts rather, keep away from hasty judgements that can damage you financially, lessen hazards for your investments, know the way a court docket evaluates resources and achieve monetary balance as a unmarried individual. The eighth variation presents the newest tax figures and information, plus multiplied assurance of money owed and bankrutpcy.

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Additional info for Divorce & Money: How to Make the Best Financial Decisions During Divorce (2006)

Sample text

You’re going to pay for what you did to me. Just you wait. ” It’s normal to be angry during divorce, but if you’re using the “get even” approach, you’ll probably never be satisfied. A settlement may be totally equal according to the numbers on paper, but people with this attitude continue to complain years later. Not only will you harbor bitter feelings, but it’s likely you will use poor judgment on important financial questions if you are motivated by revenge. And your attorneys’ fees will soar.

But if you’re unclear on this, all decisions that follow become much harder to make. Okay—take a deep breath. Write out your answer below, or speak it out loud to someone you trust. Either way, the time has come to make the decision that only you can. Is my marriage really over? 46 divorce and money Whatever Stage You’re in, Don’t Ignore Legal or Financial Realities Whether you attempt counseling, a trial separation, or some other method of resolving conflicts in your marriage, do not ignore your financial responsibilities and potential liabilities.

We cannot honestly address personal financial realities, however, without giving recognition to the economic conditions of the larger society. S. And divorce can increase the disparity. A 1985 book by sociologist Lenore J. Weitzman, The Divorce Revolution (Free Press), reported that in the first year after divorce, women’s standards of living decrease by an average of 73%, while men’s increase by an average of 42%. Those figures were disputed in 1996 by Richard R. Peterson, a sociolo­ gist at the Social Science Research Council in New York.

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