Archive | Finances

What Happens to Your Credit When You Get Divorced?

by Maricel Tabalba www.credit.com Bringing any marriage to an end is a complex process and one of the greatest challenges in divorce is dealing with the financial implications. It’s important to remember that the divorce itself does not impact your credit. The shift in your financial circumstances, however, can lead to credit problems, especially if […]

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College Financial Aid, the FAFSA and Divorce

By Diane C Pappas, CDFA™ Solutions For Divorce LLC www.untyingthefinancialknot.com It’s the new year…time to fill out the FAFSA or Free Application for Federal Student Aid. If your child will be attending college between July 1, 2017 and June 30, 2018, the 2017-2018 FAFSA is now available on line. Follow this link to the new […]

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Contemplating Divorce? Take An Asset Inventory Now!

By Diane C Pappas, CDFA™ Solutions For Divorce.com www.untyingthefinancialknot.com Ask ten different people what’s the first thing you should do if you are contemplating a divorce and you will get ten different answers. But ask a CDFA™ (Certified Divorce Financial Analyst) what the first thing is you should do, and they should say, take an […]

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Savings $$$$ When Facing Divorce — Financial Statements

By Anthony Adamopoulos, Esquire DivorcingOptions.com In my over 25 years of helping people facing divorce, I have seen, in almost every divorce, a reoccurring client decision that results in wasting hundreds, and sometimes, thousands of dollars. What is that decision? The decision not to read and follow the court’s instructions on how to complete the […]

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The Biggest Financial Mistake Women Make in Divorce

By Diane C Pappas, CDFA™ Solutions For Divorce LLC www.SolutionsForDivorce.com Home is where the heart is. We all know that saying and most of us ‘take it to heart’. Your home is the place that you love the most, it is the place filled with your family and your memories and where you feel loved […]

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Do I Need to Have the Business Valued?

By David H. Goodman MBA, CPA/ABV/CFF, CVA In a divorce one of the parties may be self-employed or own a business interest. Often there is a question of whether the business needs to be valued? The business owner may tell their spouse, “the business is worthless … don’t waste your money.” Or a proposal may […]

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Renee Senes, CDFA™

Take Control of Your Finances in 2016

By Renee W. Senes, CDFA www.senesandchwalek.com Do you know your credit score? Have you created an online social security account? Can you easily find copies or originals of the deed to your house, the mortgage, your life insurance policies, car title, car insurance policies, tax returns for the past 5 years, brokerage and bank statements […]

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Let’s Speak the Same Language on Alimony

By David H. Goodman MBA, CPA/ABV/CFF, CVA Many people… including some judges and attorneys… get confused about alimony and child support. This is especially true when it comes to understanding how they are defined and treated under the U.S. Internal Revenue Code. Often judges and attorneys will refer to unallocated support. By this they mean […]

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The Importance of Cash Flow in Divorce

By Diane C Pappas, CDFA™ Solutions For Divorce LLC www.SolutionsForDivorce.com One of the first things your attorney may ask you to do in the divorce process is to fill out a financial statement, often referred to as the Rule 401 financial statement. (MA Financial Statement Long Form). The financial statement is the most important document […]

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Donna Marsella, CDFA™

Pre-Nuptial Agreements

By Donna Marsella, CDFA Divorce Financial Strategies, LLC As divorce and remarriage have become more common, particularly between previously married individuals, consideration of a pre-nuptial agreement in today’s environment have become widespread and in many cases are absolutely advisable. You should have an understanding of the basics of a pre-nuptial, as you may wish to […]

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