When people hear about division of assets or finances in a divorce, one of the first things that might come to mind is a 50/50 split down the middle. While this works in some instances, there are other ways to divide assets that might make more sense in certain cases. Today we will discuss the…
Divorce can look quite different depending on the age of your children (or if you have children at all). In a prior blog post, we discussed some of the factors you need to consider if you are going through a divorce without minor children, but there are specific circumstances to plan for if you are…
You’ve worked hard for the better part of your life, and you’ve finally made it to retirement. Now is the time to enjoy the fruits of your labor. As we all know, our perspectives can change, and unforeseen events will undoubtedly unfold, for better or for worse. Perhaps you’re now considering getting a divorce, or…
Divorce can feel daunting, but there are a few steps you can take to ensure you financially recover and have the opportunity to reach your long-term financial goals. The path to financial recovery from a divorce starts with evaluating your cash flow, understanding your savings ability, and making an investment strategy that is aligned with…
There are three main methods of divorce that are typically utilized by couples: Mediation, Collaborative Divorce, and Litigation. We’ll dive into each one below, and by the time you’ve finished this short read, you’ll better understand which route could work best for you. Perhaps you’ve spent some time researching what you should do first when…
During an amicable divorce process, you will likely have the opportunity to create an asset division plan. While Ohio follows the Equitable Distribution Model, meaning the goal of its courts is a fair and equitable divorce outcome, it is not a “50/50” state. This means that assets won’t necessarily be “split down the middle.” Let’s…
Pensions valuations are often a complicated and confusing subject during divorce planning. Additionally, there’s a cost associated with this process. That said, having a pension valuation conducted could very well be the best investment you make in your financial security during your divorce. Let’s get started with the fundamentals by covering what a pension is,…
Imagine dissolving a business partnership that’s been operating for years. It requires the separation and allotment of assets and liabilities. It’s emotional; the financial trajectory and lifestyle of each partner is at stake. Additionally, imagine there is no written legal plan for what happens when the business decides that it’s all over. A marriage heading…
Real estate can be a major subject of discussion during divorce settlements. If you are in a position where you will be purchasing a new home post-divorce, you need to take a few things into consideration when negotiating your settlement so you will be in a good financial position to be able to purchase your…
The divorce process can be lengthy and costly. However, there are ways to reduce expenses and time spent. When evaluating your options during this process, keep these ideas in mind so you aren’t surprised by your bill and time invested once all is said and done. 1. Consider alternative dispute resolution options. There are several…