Going through a divorce is overwhelming. Between legal proceedings, emotional challenges, and trying to manage your finances, it’s easy to feel like you’re missing something important. As you navigate these decisions, you might wonder: Am I covering all my bases? Are there red flags I should be aware of in my financial picture? This is…
Divorce is a challenging time, and when it coincides with a high-interest rate environment, making decisions about the marital home can become even more complex. While you may have been able to comfortably afford your mortgage at a 3% interest rate, the reality of refinancing or buying out your spouse at today’s rates—closer to 7%—might…
by Attorney Robert “Chip” Mues, Guest Contributor We are pleased to welcome Mr. Mues to the Alternative Divorce Solutions blog. He writes below about legal considerations under Ohio’s recent recognition of postnuptial agreements. I have primarily practiced divorce and family law work in Montgomery County and throughout Southwest Ohio for 40+ years. I have now…
Navigating the divorce process can be particularly challenging for families. While dividing assets is rarely easy in any scenario, determining how to divide accounts you started for your children during your marriage can raise additional questions and concerns. Types of children’s financial accounts There are several types of accounts parents open for their children. Some…
When going through the divorce process, taxes likely are not top of mind. Despite this, there are many common questions divorcing spouses have regarding how their children factor into the tax equation post-divorce. Can both parents claim dependents on taxes? After a separation or divorce, only the custodial parent can claim their children as dependents…
Divorce can be an emotionally painful process—and it can have financial repercussions that affect you for the rest of your life. Decisions made about dividing assets, retirement plans and spousal support can be complex and have long-term impacts. While attorneys help navigate people through the legal aspects of divorce, and family, friends and therapists provide…
A financial advocate looks out for your best financial interests. Because divorce involves making financial decisions about asset division, spousal support and child custody, it’s helpful to have a financial expert looking out for your interests. A divorce financial specialist can make the complicated financial issues easier to understand, so you feel more confident about…
During divorce mediation, spouses meet with a neutral third party to determine issues, such as how to divide property, spousal support and child custody. The spouses, rather than the court, structure their own settlement. Divorce mediation can save time and money—and give spouses more control over the outcome. Generally speaking, a mediated divorce has a…
The decisions made about valuing and dividing marital assets and income during a divorce can impact you financially for the rest of your life. That’s why it pays to include a Certified Divorce Financial Analyst® (CDFA®) on your divorce team. While a divorce attorney can navigate the legal matters of divorce, a Certified Divorce Financial…
Military retirement benefits differ from other government retirement benefits—and likewise, so do the timelines and eligibility rules in a divorce. If a military pension is involved in your divorce, it’s important to understand some recent changes in eligibility, how military pensions differ from other government programs, health care benefit eligibility, disability payment rules and post-divorce…