Divorce is a complex process, and for high-net-worth individuals, asset division introduces an added layer of intricacy. Misconceptions about marital property, hidden assets, and financial implications can complicate matters further, leading to costly mistakes and misunderstandings. By addressing these myths, divorcing spouses can better navigate this challenging time with clarity and informed decision-making. What Constitutes…
Divorce is more than just an emotional journey—it’s a financial crossroads that can significantly impact your future. From asset division to spousal support calculations, the financial decisions made during divorce can shape your long-term stability. That’s where a Certified Divorce Financial Analyst (CDFA®) steps in. Partnering with a CDFA® ensures you have the expertise needed…
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…
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…
Divorce mediation can save time and money—and give spouses more control over the outcome. When both parties are willing and able to communicate, and both are open with the data, it can be a good alternative to a litigated divorce. Mediators handle the divorce mediation process differently. Below we discuss our process and the benefits…
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…
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…