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…
In an earlier blog post, we discussed ways that you and your spouse could divide your assets in a divorce, and the circumstances that factor into that decision. When it comes to dividing your assets, you might assume that everything will be split evenly between you and your spouse. When discussing how to divide your…
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…
Every couple has a unique set of circumstances going into a divorce, and if you have kids, their age will likely affect your divorce process. In the past, we’ve discussed what you need to know if you are divorcing without minor children, but what are the specific things you need to consider if your children…
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…
What is a Certified Divorce Financial Analyst®? You’re likely wondering if you need a Certified Divorce Financial Analyst®. Perhaps you’ve already hired an attorney, and you’ve quickly realized there are many moving parts when it comes to creating a financial settlement. Or, perhaps you’re wrapping up your divorce process and are wondering how to plan…
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…
Perhaps you knew it was coming, or perhaps it hit you like a ton of bricks. Either way, when you’re asked for a divorce, most of us quickly become overwhelmed with unanswered questions. After all, these probably aren’t waters you’ve navigated before. And, no two situations are the same, so seeking advice from friends and…
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…