6 Financial Moves to Make Now for a Amicable Divorce

Posted by Rachel Pace
October 10, 2018 at 11:11 AM

 

Financial management in marriage separation is not for the faint-hearted. In fact, going into a divorce can feel similar to heading into war: you must expect the unexpected. You put up your defenses and feel like you are headed for a huge battle with your spouse. Not to mention, you feel like you’re going to get hurt or scarred in some way. But it doesn't have to be that way.

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Topics: Getting In Financial Shape

Where Do I Get a QDRO Form? Guide to Dividing Retirement Upon Divorce

Posted by Greg Gilston
September 27, 2017 at 8:00 AM

You are getting a divorce and you have been spending a good amount of time trying to figure out how you and your spouse will divide your assets. Let’s hope that at this point in the process, the tall task of dividing your assets hasn’t been as difficult as you might have thought it would have been. 

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Topics: Getting In Financial Shape

10 Things You Didn't Know About Your Mortgage in a Divorce

Posted by Jeff Weaver
July 19, 2017 at 1:09 PM

 

Divorcing clients have many questions when going through a divorce; especially when real estate and mortgage financing are involved. Here are 10 things you may not have been aware of, but should take into consideration when dealing with the marital home and/or other real estate.

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Topics: Getting In Financial Shape

4 of Our Best Financial Tips When Preparing for Divorce

Posted by Casey Semenza
February 8, 2017 at 1:20 PM

 

During marriage, it’s normal to split up responsibilities and duties of the household.  Usually, one spouse handles the paying of bills, credit cards and bank accounts.  I know in my own household growing up, my mother handled the finances because she was more financially conscious and stuck to a tight budget.  

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Topics: Getting In Financial Shape

How to Keep the House in Divorce: 4 Must-Know Tips on Mortgage Refinancing

Posted by Jeff Weaver
September 16, 2015 at 11:53 AM

 

 

 How to Keep the House in Divorce

 

 

 

If you’re considering divorce, the first question for most couples is: “What should we do with the house?”


The family home is usually the biggest asset to divide. Plus, it’s more than just property. You may have ties to the neighborhood, your kids are happy in their school, and you’ve invested time, energy and love into creating a home there.

 

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Topics: Getting In Financial Shape

How to Budget for a Comfortable Post-Divorce Life

Posted by Josyln Ewart
May 12, 2015 at 10:20 AM

When you hear the term budget, do you cringe? Or rejoice? Many of us have an emotional reaction to budgeting. My mother used her budgeting endeavors as a report card. But her grades always ended up below average. This was because, while her arithmetic was A+, her commitment to sticking with her self-imposed budget numbers was not.

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Topics: Getting In Financial Shape

6 Tax Issues You Must Discuss for a Fair Divorce Settlement

Posted by Cris Pastore, Main Line Family Law Center
April 16, 2015 at 9:30 AM

I am always surprised at the number of times that I see divorce settlements, even those written by legal professionals, which fail to contain any tax provisions. Despite this lack of attention, tax issues can often have the greatest impact on the settlement. Divorcing couples need to look at the tax consequences of their settlement from a broader perspective to understand its long-term effect on the family's financial future.


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Topics: Getting In Financial Shape

What to Know to Qualify for a Mortgage in Divorce

Posted by Cheryl Conard
March 12, 2014 at 10:05 AM

Refinancing a mortgage or purchasing a home after a divorce can be challenging. Knowing some basic requirements will help you know what to expect before applying for a mortgage. 

There are very specific guidelines regarding the use of support income (child support and alimony) as income to qualify for a mortgage.  

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Topics: Getting In Financial Shape