The Financial Divorce Blog » Financial Snapshot

Divorce is Overwhelming….Where to Start?

Dakane — Thu, 22 Oct 2009 10:59:07 +0000

Many people find themselves in marriages that are destructive but are too intimidated by the process and the unknowns to know where to start. This is one of the reasons divorce lawyers make so much money – they help people navigate the system, and are a shoulder to lean on in a very tough [...]

Financial Impact of a Properly Structured Alimony Agreement

Dakane — Sun, 05 Jul 2009 14:44:13 +0000

Over the years, we have seen cases in which separation or divorce instruments violate the requirements for structuring alimony payments correctly. These situations often produce a negative financial impact for the individual that is paying the alimony and can lead to additional lawsuits and ill feelings. In order to avoid this potential mess, [...]

Transferring IRA Assets During Divorce

Dakane — Wed, 24 Jun 2009 01:58:11 +0000

In this article, we address divorce and transfer of Individual Retirement Account (IRA) Assets. We focus on the Traditional IRA because the rules for transfers are more restrictive than for a Roth IRA. (If you follow the rules for transferring ownership interests in Traditional IRA assets for Roth IRA assets, you should qualify for the [...]

Preparing For the Divorce – Assessing Your Financial Condition

Dkane — Fri, 05 Jun 2009 03:46:11 +0000

One of the situations that we see in many family situations is where one spouse is the primary caretaker of the financial obligations for the family. That person may have been in charge of paying the bills, setting up the investment accounts, making investment decisions (stocks, bonds, real estate, mutual funds, etc.), buying and maintaining [...]