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...
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...
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 couples...
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...
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....