If you are contemplating divorce, or are currently in the divorce process, concerns and worries are likely surfacing. The team at A.M. Financial helps individuals work through their financial worries and plan for challenges they may encounter down the road. With your guidance, and direction from your attorney (if applicable), we discuss options and collectively create a tangible financial plan.
Together, we help you move forward with confidence, providing a strong financial foundation for a healthier tomorrow!
The path through divorce looks different for everyone. Whether you have chosen to walk the road alone, seek the assistance of a mediator or retain legal representation, our expert financial divorce services can support your unique divorce experience. No matter which method of divorce you’ve chosen, we can support your financial needs in tandem with other professionals.
Helping clients build a new financial picture that they can understand, and virtually feel and touch, dramatically decreases their stress, anxiety and uncertainty during this time. Because our clients are better informed on their financial situation, they can explore creative settlement options based on their short and long term goals.
Our services can help you:
Any major life event, including divorce, can be a catalyst for overall life changes. By recognizing and accepting that any big life change will result in many other significant changes, you’ll likely find the transition easier. Knowing this, it’s possible to be intentional about the...
Divorce season is upon us. January is the most common time for divorces throughout the year, for various reasons. Many couples are trying to get through the holidays for their families, or are taking time during the holiday season to reflect on their relationship happiness...
You may have heard about the big changes coming to retirement plans and savings options in 2023. Both changes, made by the IRS, benefit employees or those saving for retirement. These changes were driven by inflation and the associated macroeconomic impacts. In this blog post,...
In my work supporting divorced individuals in the Colorado area along their financial journey, I see one particular group of clients who struggle more than others. Long-time stay-at-home mothers who weren’t involved with managing the finances or individuals who may have fully handed off financial...
The holidays are upon us and if this is your first year approaching them as a single individual, you may not know what to expect. Whether you have kids and a large family to buy presents for or are concerned about not having a place...
If you are going through a divorce or planning to sell your home for any reason, you may be curious how rising interest rates and market uncertainty impact housing prices now and in the future. It’s a time when many homeowners are questioning whether it’s...
If you are going through a divorce, one of the top questions likely on your mind is what to do with your marital home. This decision has financial, emotional, educational, and even social implications. Market conditions and current real estate dynamics can also play into...
In working with clients throughout Colorado, many divorced women do not save much for retirement. This is especially true if 100% of their income is coming from maintenance payments. It’s important to consider how to prioritize saving for retirement despite competing priorities in your budget....
After your divorce is finalized and the various accounts divided and settled, you will be able to update your beneficiaries. Assuming your partner or spouse was previously your primary beneficiary, you’ll need to update all retirement plans to properly pass assets to your heirs. While...
Many divorcing parties believe their case will go to court because there is so much friction and disagreement about the path forward. The media also portrays divorce this way. In reality, it’s much more likely that you’ll settle details of your divorce through collaboration with...
During this time of bear market territory, high inflation, stock market volatility, and the threat of a recession, your money simply won’t go as far. You might wonder how these volatile market conditions impact your divorce and what to consider as you negotiate the financials...
Over the last six months, you have likely heard the word “inflation” more often in the news, in conversations with others, and as an explanation for rising costs in almost all aspects of life. If you are going through a divorce alongside these market dynamics,...
In part one of this post, we discuss Discernment Counseling and how couples use this approach to make a decision about taking a next step to fix their marriage or choosing divorce. Deb Daufeldt of New Chapter Solutions is an experienced Counselor who often leads...
If you are considering a divorce, you have lots of options to confirm whether that is the right decision for you and your future. Some people choose to go on a retreat or even a trip with their spouse to talk through the right path...
Depending on the financial dynamics of your divorce, you may consider whether or not to re-enter the workforce. Maybe you are still in prime working years and you are reentering after being a stay-at-home parent. Or, perhaps you are nearing retirement age but unsure if...
While it is always important to build a budget, it’s essential when you go through a significant financial change like one that follows a divorce. Budgets should include everything from necessary, known expenses to measurable, planned expenses and also include estimates for items that are...
While the goal of every divorce is a fair and equitable division of overall assets, the specific portfolio of that division is unique in every divorce. Most divorce professionals will build a property division spreadsheet to capture details, but there is so much more to...
Divorce will introduce you to a whole new set of legal and financial terminology, as well as acronyms. Understanding the processes, steps, and orders are essential to having a successful financial future. When you work with a financial expert, especially one who has experience supporting...
If you have recently filed for divorce, one of the first things that could happen is the establishment of temporary orders. These orders can set the tone for the overall divorce settlement and parenting time agreements and are especially important and necessary if one spouse...
Like most everything in life, divorce has changed tremendously over the last several decades. Beyond changes with the way parenting time and finances are divided today, the means to achieve a divorce are more dynamic and diverse than in year’s past. Along with movement toward...
As part of evaluating your total marital estate, various types of stock might come into play. Two of the most confusing of those stocks include stock options and restricted stock, which need special evaluation in your divorce and asset division. In this post, we decode...
If there wasn’t enough to sort through, employer pension plans can be a particularly confusing aspect of dividing your assets in a divorce. From decoding what pension plans truly are to understanding whether you need a valuation for one that you or your ex-spouse has,...
If you were divorced last year and since that time, you’ve been distracted with the holidays, celebrating your new sense of freedom, or even contemplating new year’s resolutions in your post-divorce world, you likely haven’t taken the next steps you need when it comes to...
If you are recently divorced, you may be experiencing a lot of ‘firsts’. For example, you may have to do your own taxes for the first time and feel like a deer in headlights, frozen and overwhelmed by the facts and figures you are sorting...
While there is so much to sort through in a divorce, splitting up rental properties can add additional complexity to your separation. You do have several options for handling rental assets, and the option you choose will depend on your long-term financial goals. In this...
Getting a divorce means learning a whole new vocabulary of legal and financial terms. Therefore, having a team of experts to talk you through new concepts and what to consider as you make important decisions is essential to surviving the divorce process. In this post,...
January is often called “divorce month” because more people file for divorce in January than any other month of the year. Perhaps that is due to new year’s resolutions and couples finding the motivation to make a change during this transitional time of the year....
Going through a divorce can often feel lonely and confusing. Even if you know others who have been through a divorce, the process has evolved significantly in the last decade, and friends and family don’t always have the most up-to-date advice and insights to offer....
The process of divorce has significantly evolved in the last decade and many parties now include additional resources and professionals, beyond an attorney, throughout the process. Assembling a team of specialists to ensure you achieve the outcomes you want in your divorce is becoming the...
While divorce is undoubtedly a highly emotional event with ups and downs to sort through for years, it is also, more logistically, a paperwork-intensive process. After filing, the paper trail of your divorce begins with a sworn financial statement, which is a mandatory financial disclosure...
There is so much to financially sort through during the divorce process. From splitting physical assets to dividing up real estate to sorting through retirement accounts, different rules and laws apply for different types of marital assets. In this post, we discuss how retirement accounts...
Throughout the divorce process, you’ll likely be busy reviewing everything from financial documents to court filings. You may be consumed with tasks like finding a new place to live or going through various evaluations. It’s easy to lose track of the financial next steps you...
Like so many other things, divorce has gotten more complex overtime. Divorce has also evolved into a more integrated and holistic process, with the involvement of several professionals and experts being the “new normal” in many cases. In the past, these kinds of professionals were...
Choosing the right attorney in your divorce can make all the difference. From getting the outcomes you want, to reducing unwanted friction with your ex-spouse, there are important questions to ask as you interview and select an attorney to represent your wants and needs during...
There is never a good or easy time to file for divorce. You can second guess yourself for a long time, contemplating the right week to move forward, or even be conflicted about whether divorce is the right choice for your family for a long...
While divorce is probably a very familiar topic to you, legal separation may not be something you hear about as often, or fully understand. While these two approaches to cutting ties with your spouse are more alike than different, one may better serve your needs...
There are so many decisions to make during the divorce process, many of which can impact the course of your life significantly. From the parenting plan you agree upon to how you’ll spend holidays to changes that might impact your job, there is a lot...
If you are going through a divorce, or know someone who is, often the greatest fear is the possibility of going to court. There is a perception that divorces that end up in court will have dramatic, unfair outcomes by a judge who doesn’t know...
Child support can be a confusing and complex part of a separation or divorce. It’s state-specific and there are several factors that influence it. From understanding the details of when it’s paid to what is covered to how you calculate it, in this post, we...
As you go through your divorce, it may feel like you are gaining a whole new vocabulary as you learn about the different aspects and components of everything in separation agreements. Maintenance is one of the topics you are sure to discuss and agree upon,...
Divorce can be a difficult time for you and an even more challenging time for your kids. Most children crave consistency, naturally respond positively to rituals, and can be distressed when their expectations don’t meet reality. Feelings can be even more heightened during holidays, birthdays,...
If you are currently contemplating a divorce or going through the process of a divorce, you are likely learning more than you ever expected. From understanding how to complete household tasks that your partner once did to sorting through your finances in detail, taxes might...
If taxes aren’t confusing enough, the Child Tax Credit will change substantially in 2021, impacting 2020 filings and beyond. These changes will add complexity to filing for couples going through a divorce. The new tax credit will also create complications for divorced parents with dependents...
There are many ways to approach the divorce process. The options you have to get from deciding to get a divorce to finalizing your divorce and the ways you might even mix and match these methods throughout your journey can impact the rest of your...
Divorce is a tumultuous time where couples race to the finish line. Although the temptation is understandable, it is important to slow down and prevent as many post-decree disputes ahead of time. The following tips will help save a tremendous amount of brain power and...
How are taxes handled next spring for couples who are in the midst of a divorce and unsure if it will be finalized by the end of the year? Various possibilities exist and should be written in the separation agreement to avoid costly mistakes and...
The first several holidays after a separation or divorce are extremely difficult. Adjusting to on and off parenting schedules where your kids are not with you everyday is challenging to cope with. Even with adult children, time is typically divided with by household. Some traditions...
Divorce, separation, breakup. Whether you’re the one who initiated it, or the one on the receiving end, going through it remains a very difficult life transition. The end of a relationship is not something we plan ahead or hope for usually, and there’s often an...
The Tax Cut and Jobs Act (TCJA) that went into effect this year for divorcing couples has drastically changed the financial landscape for individuals from prior years. The most significant change is that spousal support (alimony) is no longer deductible if paid or taxable income if...
Managing living arrangements during a divorce is tough and is typically the first item on the to-do-list as a divorce moves forward. Determining who is going to keep the house, where someone is going to live and where the money is going to come from are...
Your divorce is final, you can finally breathe and start to rebuild. The next item on your to-do list is complying with your agreements and facilitating the division of property. Transferring property can be tricky and sometimes trigger unintended tax consequences. Typically this happens to...
The Coronavirus pandemic has sparked mass unemployment across the US, affecting numerous divorced families with court ordered support obligations. Many unknowns remain during this time such as how long local shelter-in-place orders will remain in effect, if and how many furloughed employees will be rehired...
When dividing assets in divorce most people, individuals, mediators and attorneys alike, tend to focus on the property division spreadsheet. Current values of assets are listed along with outstanding debt balances that are deemed to be marital. Typically, above all else, the focus and end...
What do you need to know if a divorce is possible in your future? Regardless of which path your relationship goes, here are seven helpful tips to be aware of: 1. Seek the RIGHT Advice for YOU Not all advice is best for your situation. Relationships...
Transitioning financially through divorce has many moving parts. Stress testing your strategy regarding how income and expenses can change your circumstances in the future is important to consider. Understanding how spousal or child support can be modified will help you answer questions such as ‘should...
When dividing assets in divorce individuals, mediators and attorneys alike, tend to focus on the property division spreadsheet. The current values of asset and debt balances determined to be marital are outlined. Typically, above all else, the focus and end goal is to split property...
When dividing assets in divorce most people, individuals, mediators and attorneys alike, tend to focus on the property division spreadsheet. Current values of assets are listed along with outstanding debt balances that are deemed to be marital. Typically, above all else, the focus and end...
When dividing assets in divorce most people, individuals, mediators and attorneys alike, tend to focus on the property division spreadsheet. Current values of assets are listed along with outstanding debt balances that are deemed to be marital. Typically, above all else, the focus and end...
What happens when a parent remarries and carries out financial plans the typical way most married couples do? The new spouse is assigned 100% beneficiary to retirement accounts and life insurance policies and joint ownership with rights of survivorship is established on all other assets. ...
Currently, alimony is on the chopping block under the Tax Cuts and Jobs Act (TJCA), meaning there would be no deduction provided for the paying spouse and the receiving spouse would no longer have to claim payments as income for divorces finalized after 2017. Important topic to...
