Divorce Financial Planning Guide

At least 40 percent of all new marriages today will end in divorce. The financial consequences of divorce can be traumatic. Many people who get divorced are left with little money, no income, and no credit rating. In some cases, if one partner looked after all the family’s finances, the other partner is left unprepared and overwhelmed by the financial consequences of divorce. Divorce Dollars is a complete guide to financial planning, demonstrating in a step-by-step manner how to overcome the financial challenges of divorce and lead a financially healthy life. The book addresses everything from dividing the assets to retirement planning. By using examples of real people, Akeela Davis demonstrates how everyone can handle the financial challenges of divorce using careful planning and money smarts.

This is a client-oriented workbook we use in our practice to guide the process. Divorce is not easy The old adage, "Marriage is about love; divorce is about money," succinctly conveys the emotional and financial confusion that can accompany even the most simple divorce case. If you are facing divorce, the assistance of a knowledgeable and experienced financial advisor can be critical as you evaluate your options and make important financial decisions during this stressful and uncertain time in your life. We focus our practice on working with divorcing individuals to provide clarity on the critical financial issues that arise before, during and after divorce. We will help you take control of your financial life by guiding you through the practical steps of identifying and understanding your individual and marital assets and liabilities, analyzing and determining your personal financial needs, and preparing and monitoring a financial strategy to support your lifestyle. Our goal is to provide you with the tools that empower you to make long-term and short-term financial decisions. With the proper financial education and planning, you will be better equipped to make comprehensive, suitable, and sustainable choices. We will take the time to understand your personal circumstances and work in partnership with you to develop a custom financial plan. In this brochure, we outline how we can help you identify, understand, and manage your present and future financial position. Understanding your finances is the most critical step in moving forward in your new life with confidence and independence. Each step will become easier than the last until you are on the path to the future you design and you deserve.

An insider's guide on how professionals and consumers can minimize damages in the divorce process Anyone planning for a divorce needs to learn strategies necessary to safeguard assets in advance of filing, how to cope with issues beyond their control, minimize the damage, and effectively plan going forward after the divorce. Personal Financial Planning for Divorce is an insider's guide on how both professionals and consumers can prepare for, work through, negotiate, and plan equitable divorce settlements. This helpful guide Contains all the guidelines for reducing damage throughout the difficult process of divorce Includes examples of how not to handle the divorce process and how these issues should be handled Provides checklists, planning charts, forms and tables Features strategies to safeguard assets in advance of filing for divorce and how to cope with issues beyond your control Personal Financial Planning for Divorce covers the many issues to help you understand exactly how divorce will affect you financially.

Divorce guidance you can count on Divorce is never easy, but with the information in Nolo's Essential Guide to Divorce, you can make the process as simple, inexpensive, and conflict-free as possible. With compassion and expertise, family law attorney Emily Doskow explains how to make divorce less painful by helping you: minimize day-to-day conflict with your spouse work with lawyers or mediators without breaking the bank avoid costly, exhausting court battles, and stay calm and make good decisions. You’ll learn about your legal rights and options for resolving tough divorce-related issues, including: child support and custody alimony property division, and drafting a marital settlement agreement. The 9th edition is completely updated to cover parenting and financial issues related to the COVID pandemic.

Shows financial advisors how to help divorcing clients divide their assets, detailing aspects of property valuation, spousal and child support, and credit and debt, as well as the legal issues that face advisors and how to serve as an expert witness in court. Other topics include tax and regulatory

An insider's guide on how professionals and consumers can minimize damages in the divorce process Anyone planning for a divorce needs to learn strategies necessary to safeguard assets in advance of filing, how to cope with issues beyond their control, minimize the damage, and effectively plan going forward after the divorce. Personal Financial Planning for Divorce is an insider's guide on how both professionals and consumers can prepare for, work through, negotiate, and plan equitable divorce settlements. This helpful guide Contains all the guidelines for reducing damage throughout the difficult process of divorce Includes examples of how not to handle the divorce process and how these issues should be handled Provides checklists, planning charts, forms and tables Features strategies to safeguard assets in advance of filing for divorce and how to cope with issues beyond your control Personal Financial Planning for Divorce covers the many issues to help you understand exactly how divorce will affect you financially.

It doesn't matter if they are married, divorced or single: Women tend to put others first. It could be the result of a maternal gene or simply a natural disposition to view others as more important, but it's an instinct that makes it more difficult to achieve financial security and independence. Kevin W. Pinkley, a longtime financial advisor, walks women through the steps they need to take in seeking to build and preserve wealth. Learn how to: plan for a retirement with the goal of providing a lifestyle that meets your needs; provide for a loved one in the event of death; minimize the financial impact of divorce or the death or disability of a spouse; and engage in difficult conversations with your spouse about money. Many women shrug off questions about money by saying that their spouses are smart and must have a well thought out plan that will meet their needs. But being smart is different than being wise, and women need to take charge of the future by Planning for When.

If you want to take control of your financial future and unlock thedoors to financial success, you must have a plan that will allowyou to find good investments, reduce taxes, beat inflation, andproperly manage money. Whether you're new to financial planning or a seasoned veteran,this updated edition of Ernst & Young's Personal FinancialPlanning Guide provides valuable information and techniques you canuse to create and implement a consistent personalized financialplan. It also takes into consideration the new tax rules thataffect home ownership, saving for college, estate planning, andmany other aspects of your financial life. Filled with in-depth insight and financial planning advice, thisunique guide can help you: * Set goals * Build wealth * Manage your finances * Protect your assets * Plan your estate and investments It will also show you how to maintain a financial plan inconjunction with life events such as: * Getting married * Raising a family * Starting your own business * Aging parents * Planning for retirement Financial planning is a never-ending process, and with Ernst &Young's Personal Financial Planning Guide, you'll learn how totailor a plan to help you improve all aspects of your financiallife.