If you are wondering what to do with any unsecured debt from your divorce, the answer is simple. Pay it off and pay it off as quickly as possible. Now, it is true that student loan debt is unsecured and those loans can be part of a healthy financial plan especially if they have interest rates that are lower than 4 percent. If the interest rates are higher than 4 percent then … [Read more...]
How To Handle The Different Debts In Your Divorce
Nobody likes talking about their debts so it's no wonder that figuring out how to handle the different debts in your divorce is often one of the most difficult, contentious parts of divorce negotiations. All too often, one party in the marriage doesn't realize the extent of the debts or there's one spouse who's a spender and one a saver. Sometimes, both are well aware of the … [Read more...]
Eight Common Compensation Issues In Divorce
Compensation issues in divorce usually come up in discussions about spousal support or alimony, and child support. While child support can be pretty formulaic with well-established rules for addressing different compensation concerns, spousal support is much more variable and often is not as straightforward as simply taking a number off a pay stub. Other compensation issues … [Read more...]
Ten Financial Essentials You Need Know For Your Divorce
Whether or not you're using attorneys, to get started on your divorce, you will have to gather all of your financial information and share it with your spouse (and vice versa). Many people, inadvertently skip this step and jump straight into discussions about who's going to keep the house and how other assets should be divided. That's not smart and it can lead to deadlocks … [Read more...]
What You Need To Know About The New Tax Changes And Your Divorce
Many people struggle with the financial details of their divorce especially if they weren't the one managing the household finances but the recent tax law changes mean that it's especially important for you to ask what you need to know about the new tax law changes and your divorce. If your divorce was already in process last year and negotiations well underway, these … [Read more...]