To improve your post-divorce finances, there are steps to take both before and during the divorce. This includes the obvious ones like removing your soon to be ex-spouse from your credit cards, deciding whether to sell the martial home, and creating a budget that reflects your future lifestyle. In addition, you should keep in mind how you will split any marital debt and future college expenses. This article provides some useful tips.
A job loss during divorce may make negotiations for spousal or child support more complicated but not insurmountable. If you or your spouse lose a job, the divorce agreement can dictate a formula or percentage that will be used to compute the support payments after re-employment.
This article provides tips and explains issues to consider when dealing with job loss during divorce.
During divorce, parents worry about the effects on children, both emotional and financial. Since financial resources will be divided between two households, children’s academic tutoring or extra-curricular activities may have to be cut back. It turns out that for white families, a drop in family income has a negative effect on the educational outcomes for children, i.e. going to college or finishing college. More information can be found in this article.
Andrew Samalin has been asked to speak at the 2018 ADFP Catalyst Conference in San Diego, CA. His presentation will cover Creating Liquidity Solutions with Illiquid Real Estate Assets as well as other related topics.
This year the Academy of Professional Family Mediators will host its 6th annual conference in conjunction with the Association of Divorce Financial Planners. This year’s united conference will focus on modern solutions for divorce and family professionals including the many ways that both mediators and financial planners can work together for the benefit of both their clients and their businesses. During the break out sessions, attendees will have a chance to choose from sessions in tracks for both mediators and financial planners. Attendees may choose any session from either track that most interests them allowing them to expand their knowledge base beyond what each organization can provide individually.
If you are in the process of divorce, you may look back at your relationship to see if there were any warning signs early on that it may not work. Sometimes friends and family can see potential issues more objectively, but we ignore their concerns. But now that you are making big changes in your life, it may be a good time to review the relationship red flags in this article that may lead to a disastrous new relationship.