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…
When you’re preparing to go into divorce mediation, there are certain steps you can take to help the process go smoother. Below, read about what to do and what not to do in mediation so you are ready for an effective and satisfactory mediation process. Do Get Organized As we mention in our How To…
The short answer is that you are never too old to get divorced. However, if you get divorced later in life, there may be a greater effect on your financial life. To account for this, there are certain steps you can take and factors to consider to feel more prepared for divorce at an older…
The short answer is that divorce will not affect your Social Security in negative ways. There are, however, certain circumstances that may lead to changes in the amount that you or your spouse can collect in Social Security benefits. Read on to learn more about how you or your spouse’s Social Security benefit could change…
When people plan ahead for divorce, strategizing for a comfortable retirement is often at the top of the list. You likely have a wide range of assets that will be divided in your settlement, including any retirement accounts. Your 401K is subject to equitable division in Ohio, so below we will explore how your 401K…
Divorce can be a difficult process for anyone, but it can feel especially intimidating for stay-at-home parents. There are important factors for both parties to consider during a divorce in a one-income household, but in this article we will focus on those factors that are particularly relevant for spouses who have not historically contributed to…
Some divorce settlements can be simpler than others to negotiate. Sometimes ownership of certain accounts or assets can provide more complexity and may require help when discussing possibilities for dividing your financials. One of those more difficult aspects is the division of rental properties. If you and your spouse obtained any rental properties during your…