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:
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...
