Divorce can be one of the most challenging life events for people in any profession. For teachers, however, the unique structure of their retirement benefits and work schedules often requires additional consideration during the divorce process. Understanding Teacher Retirement Systems Many teachers participate in state-specific pension plans rather than the federal Social Security system. These…
Transferring ownership of the marital home to one spouse during a divorce involves several important steps. While we can’t give you legal advice, we can outline these steps to give you an idea of what is involved in the process. Each step must be carefully managed to ensure a smooth transition and to address legal,…
These days divorce not only involves the separation of physical assets but also requires careful consideration of our digital assets as well. From shared online accounts to file storage, successfully separating your digital lives during divorce is essential for a smooth transition. Communication Platforms and Social Media Shared accounts, passwords, and connected devices can pose…
With the emotional toll divorce takes on those going through the process, taxes are likely not top of mind in navigating your divorce. However, understanding potential tax implications is crucial for individuals going through a divorce to avoid unexpected financial setbacks and ensure a fair division of assets. Spousal Support and Tax Implications Spousal support…
If you’re curious about who we are and what we do here at Alternative Divorce Solutions, you’re in the right place. Learn more about us and how to get started today. Who are we? We’re Alternative Divorce Solutions, a team devoted to helping people navigate the challenges of the divorce process to establish their financial…
The holiday season is often portrayed as a time of joy, warmth, and togetherness. However, for those navigating the challenges of divorce, this time of year can bring a unique set of emotional hurdles. While it’s natural to feel a mix of emotions during this period, it’s important to approach the holidays with a proactive…
Divorce is a challenging process made even more complex when a business is involved. For many couples, their business is not only a source of income but also a significant part of their identity and livelihood. When a marriage dissolves, the fate of the business becomes an important issue with many unique considerations. Valuing the…
Debt acquired during a marriage can become a contentious issue in the divorce process. Much like assets, debt must be addressed in the settlement, but there are many factors to take into consideration. Types of Debt Debt acquired in a marriage can be broadly categorized into two types: individual and marital debt. Individual debt is…
Retirement savings and benefits are typically some of the largest marital assets to divide during divorce. There are many considerations to keep in mind relative to these benefits when negotiating how to structure your divorce settlement. We have highlighted a few key components of dividing retirement plans to consider. Know the Types of Retirement Benefits…
The family home; it’s where memories were created. And, for most families, their home is one of their bigger investments. Going home can create a feeling of inclusion and safety and this emotional attachment is different than the feelings associated with other investments like stocks and bonds. During the divorce process, the family home can create…