Dissipation of Assets
Dissipation of assets in divorce refers to a spouse spending or wasting marital assets for non-marital purposes, often in anticipation of or during the divorce proceedings. This can significantly impact the equitable distribution of property, as the court may adjust the asset division to compensate for the dissipated…
Timeline of a QDRO (Qualified Domestic Relations Order)
A QDRO (Qualified Domestic Relations Order) process typically takes 2 to 12 months, but the exact timeline can vary. Factors influencing the duration include the complexity of the QDRO, the efficiency of the parties involved, and the plan administrator’s processing time. Here’s a more detailed breakdown:…
Risks of Dividing Pensions in Divorce
Dividing a pension in a divorce involves several potential risks and complications, especially if not handled properly. Here are some key risks: Loss of Rights if QDRO is Not Properly Handled: Failure to file a QDRO: If you are entitled to a share of your…
Cash Flow Rules in Divorce
Never run out of cash. In divorce, there is a period of time immediately following separation when a divorcing spouse’s cash flow may be particularly vulnerable. Spouses who are not working need to know that litigation might drag on for weeks before the support…
Health Insurance and Divorce
When the issue of divorce comes up, it’s natural to think about property division, custody arrangements, and potential spousal support. What many couples forget to consider are the ramifications a divorce has on shared health insurance plan. Divorce proceedings can affect one spouse and the children in…
Financial Abuse
Many people are shocked to learn they are victims of domestic violence when their spouses use money to control and punish them during divorce. It’s a common tactic used by abusers to gain power and control in a relationship. The forms of financial abuse may be subtle or overt, but…
Making Your Split as Smooth as Possible
Separation and divorce are emotionally difficult events, but it is possible to have a healthy breakup. No one enters a marriage expecting it to fail. Still, more than 20 percent of first marriages end in divorce within five years, and 48 percent of marriages…
Separate Property
Normalizing conversations about property division and income sharing (and, of course, quantifying its effect with the use of analysis and reports) can help reduce clients’ anxiety. However, all that planning, preparation, and progress can be emphatically stalled or derailed by two words: separate property.…
Financial Mistakes to Avoid
Divorce is a gut-wrenching experience. Whether you have been blindsided by infidelity or had to give an “I still love you, but I’m not in love with you anymore” speech to the person who you thought would be your partner for life, the grief…
Navigating Divorce Using a Financial Lens
Coping with divorce is not easy – for anyone. Although the following points may not sound financial, read them as they are. It’ll make the process much easier! Manage your behavior, not theirs Emotions and tempers can run high during a divorce, leading people to…