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…
In many divorce cases, consulting with a Certified Divorce Financial Analyst® can provide a better financial outcome for you. While this isn’t the right path for everyone, chances are, you’ll find yourself falling into one of the categories below. You’re Not Sure Where to Start A Certified Divorce Financial Analyst® will take the time to…
As any divorce comes with a litany of loose ends that need shoring up, insurance is something that can easily become an afterthought. This can be more complex where children are involved, and it’s vital that you create a plan. Below we discuss the different types of insurance, and share some tips on how to…
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,…
Mediation can be an ideal way for a couple that is parting ways to work through unanswered questions outside of a courtroom. Who exactly attends a divorce mediation? First, we’ll provide a brief overview of the process to help you better understand why. What Exactly is a Divorce Mediation? In most cases, the divorcing couple…
Financial infidelity is not often discussed, but is a very real problem in many relationships. We tend to think of infidelity as a partner cheating on another. However, the definition of infidelity is “the action or state of being unfaithful to a spouse or other partner”. Financial infidelity occurs when couples with combined finances lie…
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…
Throughout the years, we have been involved in a wide variety of cases ranging in complexity. While no two situations are alike, there are several similarities in the cases we are most likely to be involved with. If any of these resonate with you, having a financial professional as a part of your team would…