Divorce Financial Planning

Your estate plan sometimes needs to be updated to reflect your current circumstances, and divorce means big changes. That likely means updating your will and other estate planning documents. Estate planning is commonly perceived as being only about finances. While...

When you fall in love and marry, one of the things you need to do is update your estate plan to reflect your marital status. Some of the updates you may want to make on your estate plan include naming your new spouse as a beneficiary and giving them the power to make...

A divorce decree settles the financial and legal matters between you and your ex-spouse. However, it does not change the estate plans you had made during the marriage, and it might not be in your best interests. You had probably included your former spouse among the...

People attribute special powers to money. They claim it corrupts people, starts wars and causes divorce. Yet, money is nothing more than bits of paper and pieces of metal. The real problem lies in people’s attitudes to money and, in the case of a marriage, how they...

If your house has an outstanding mortgage you need to take extra care in a divorce. When you own a property outright, it becomes one more asset to divide. Yet, if there is still money to pay, the property is technically not yours, but the bank’s and they will get...

If your marriage has turned sour, you might think about how to get your own life back in the divorce. Throwing a lavish party and putting it on the joint credit card would be a great way to blow off steam and annoy your spouse in the process. Yet, like any other such...

Retirement is something most working adults look forward to enjoying. No matter how much you love your career, the demands of a job take away from your enjoyment of daily life and your closest relationships. The higher your standard of living, the greater the...

Having spent years building up a good credit rating, the prospect of losing it during divorce can be a worry. Yet, with the proper precautions, it need not be. Credit companies will not punish you for ending your marriage. There is no automatic downgrading of your...

Children often suffer the secondary consequences of a parental divorce. They may have to accept a reduction in their standard of living and learn to deal with the intense stress of alternating between parental homes. As a loving parent, you want to make divorce as...

Even if you have lived comfortably throughout your marriage, you may be facing a very different future if you are heading toward divorce. Whether you are relieved to be getting out of the marriage or blindsided by your spouse's desire to divorce, it is important that...