Divorce and Widowhood Advice

More than 50% of marriages end in divorce. Although no one plans to be a divorce statistic, it happens. So, what do you do now?

Why You Should Definitely Never Try to Hide Assets During a Divorce

Understand the Penalty for Hiding Assets During a Divorce You feel angry. Betrayed. Frustrated and furious. Divorce rarely brings out the best in us and oftentimes reveals our inner monsters. This is especially true if abuse and/or infidelity are part of the equation. Nonetheless, you may be obligated to hand over a significant amount of […]

Do I Need a Reason to Get Divorced?

Introduction to the No-Fault Divorce If you were stuck in a lousy marriage at the beginning of the 20th century, your chances of getting a divorce weren’t so great, especially if you were a woman. Back in those days, you couldn’t just tell a court that you and your husband had grown apart.You had to […]

Can I Go After My Husband’s Stock Options and RSUs in a Divorce?

In the past, stock options were primarily an award for a company’s top management team. In the past few decades, however, stock options and RSUs have become a much more common employee incentive, and the National Center for Employee Ownership estimates that “since the late1980s, the number of people holding stock options has increased nine-fold.” […]

Understanding Survivors Benefits for Veteran Widows

The men and women who served in the United States military deserve our thanks and our support throughout their lives. That is why the U.S. government created the Veterans Administration in 1930 and gave it the mission “to serve America’s veterans and their families as their principal advocate in ensuring that they receive the care, […]

Divorce is Probably Way More Expensive Than You Realize

The decision to get divorced should never depend on whether you think you can afford it; however, it is important that during this emotional time you prepare yourself for the potential costs involved. One of the most popular articles on WIFE.org is The Twelve Financial Pitfalls of Divorce. The very first pitfall we wrote about […]

How to Keep Your House During a Divorce

A house can mean a lot of different things to different people. For you, your home may mean stability. It can also represent an important asset, or consistency for your children during a difficult time. You may love your house for its proximity to your work, your family, or your children’s school. There are many […]

Getting Divorced? What Tax Filing Status Should You Use?

Even after the emotional turmoil of a divorce, life goes on, and so do taxes. If you are planning a divorce or in the middle of one, you’ll need to know how to file when tax time comes around again. Do you file jointly or separately? The answer will depend on when you actually get […]

How to Close Down Joint Accounts During a Divorce

When you begin the process of divorce, you will soon learn how challenging it can be to untangle your life from your ex-spouse, including your finances. If you and your ex share joint checking and savings accounts, you’ll eventually need to divide these assets before the divorce can be finalized. If your spouse is fighting […]

How to Negotiate for Your Children’s College Costs During a Divorce

Even if your children are young at the time of your divorce, you still need to keep college in mind. Your children’s college tuition is likely to be one of the greatest future expenses you face, and even if you get full custody of your children, you should not have to shoulder that burden alone. […]

Will You Have to Pay Alimony to Your Ex-Husband?

Ladies, we have been making some serious progress when it comes to income over the last few decades, but with great paychecks come great responsibilities! If you are a high earning woman considering divorce, don’t be surprised if your soon-to-be ex asks for alimony. Many of today’s women are Leaning In like champs, climbing the […]

Can I Still Visit My Grandchildren After a Divorce?

Watching your child go through a divorce is a difficult experience, especially when emotions get hot. What’s even worse is the possibility that your child’s spouse will receive full custody of your grandchildren and may seek to prevent you from having contact with them. Divorce has a tendency to bring out the worst in people, […]

Are You Eligible for Alimony After Your Divorce?

When Amber walked down the aisle eight years ago, she thought she was going to spend the rest of her life with Marcus. After their second child came along four years ago, they decided that Amber should leave her job as a product manager to take care of the children full time while Marcus continued […]

What Divorce After 50 Means For Your Retirement

In 2013, the National Center for Family and Marriage Released a surprising study that showed divorce rates between adults 50 and older have doubled between 1990 and 2010. Now, 1 in 4 divorces in the United States are between couples over 50. On some level, this is good news. It means that the lower stigma […]

The Post-Divorce Financial Follow-Through

If you are finally wrapping up your divorce, you probably feel financially and emotionally exhausted, even if the process wasn’t acrimonious. It takes a lot of work to untangle your assets (and your heart) from another, especially if you were married for a long time. Now, you are facing a life that might look very […]

Six Places to Look for Hidden Assets During Divorce

When couples divorce, mistrust abounds. One of the first things people think of when their spouse asks them for divorce is, he must have been stashing away money. You know more about your financial situation than any stranger could, so before you hire a private eye to look for hidden funds, think carefully about your […]

Should I Keep the House?

Divorce can shake you to your very foundations. Everything changes, and many people want to cling to the house as the only stability they find in a shifting world. Whether keeping the house is your best option depends on many different factors. Here are what you need to consider in making that important decision. 1. […]

Life After Divorce: Time to Assess your Financial Situation

Going through a divorce can be an emotionally trying time, but it is also an opportunity to start fresh. Now that you are single, it is important to begin with a strong financial base. Assess your current financial situation Following a divorce, you’ll need to get a handle on your finances and assess your current […]

Prince Charming Doesn’t Live Here Anymore

UN-tying the Knot? Everything You Need to Know When Prince Charming Leaves the Building

Can You Do Your Own Divorce?

My husband and I are talking about getting a divorce after six years of marriage. We don’t have any children, and he thinks we can do it ourselves. What do you think? Doing your own divorce makes sense if your case is not complicated, your marriage was of short duration, you and your spouse have […]

Don’t Overlook Important Assets In Your Divorce

My husband and I have drawn up a list of what we own and we have tentatively agreed on how to split everything. I’m afraid we might have missed listing something. Can you help? As a financial divorce consultant, I often review final property settlements to determine additional tax and financial considerations that should be […]

Changing Your Name After Divorce

When I was divorced, I didn’t change my name, but now I want to resume my former name and drop my ex-husband’s name. Is it too late to do this without an expensive attorney?   Divorce is very unsettling, to say the least. It is difficult to think about changing one’s name when there are […]

Are You Losing Your Social Security Benefits?

I recently heard that I may be entitled to collect Social Security benefits when I retire based on my ex-husband’s earnings. But I looked at my divorce decree and it doesn’t say anything about it. Did I miss the boat? Here’s some good news about your divorce! If you were married to your ex-spouse for […]

Should You Keep Your House After Divorce?

My husband moved out of the house six months ago. I don’t think I can afford to buy him out, and so I am considering moving into the rental condo we have, which means we’d sell our house. But my husband thinks that I should stay in the house until our son leaves for college […]

Getting Income From Retirement Plans After Divorce

As a part of my divorce settlement, I am supposed to get a portion of my husband’s retirement plans. I’ll need some of the money to live on, but I’m only 53, so I’m too young to receive retirement benefits. What’s the best way to handle this retirement plan distribution? Generally, a Qualified Domestic Relations […]

Where to Search for Hidden Assets During Divorce

My husband just told me he wants a divorce, and he says he’s been thinking about it for quite a while. I’m afraid that he’s taken steps to hide money so that I won’t receive a fair share of our property. Where can I look to try to find any hidden money? It’s smart of […]

Getting Your Financial Life Back On Track After Divorce

I have just been through a divorce, and I feel as though I’ve been through the wringer. I have a great therapist who is helping me through the emotional aftermath, but I don’t know where to begin to get my financial life back on track. Unfortunately, “splitting the sheets” also means splitting the assets and […]

The Divorce Threat List

My husband and I are divorcing, and he says that unless I agree to split the property the way he wants, he’ll take me to court and the judge will order us to sell everything. Can he do that? Sure, he can take you to court, but it is unlikely that the judge would order […]

Divorce and Bankruptcy

My husband is a spendthrift and we are deeply in debt. Money, or rather, the lack of it, is a constant source of irritation in our marriage, and we have talked about divorce in the past. Now, due to his business problems, my husband says we may be facing bankruptcy. If I go ahead and […]

Dividing Debt in Divorce

I know that California says that I get half of the property my husband and I have accumulated during our marriage. But what we have is mostly debts. What’s the best way to deal with them? Unfortunately, its not unusual for couples these days to have more debts than assets. The general rule is that […]

Divorce Mediation: An Alternative to High-Cost Litigation

My husband and I are discussing divorce, but we are both afraid that once we get involved in the legal system, it will be very costly and we will lose control of the process. Do you think that mediation would work for us? We asked Genell Greenberg, MSW, who is an experienced divorce mediator and […]

Single Parent Support

How one woman created her own support group With divorce on the upswing and the original family foundation being divided, there is a growing population of single parents needing support and information on surviving the breakup of the classically acceptable family unit and the reincarnation into the new single parent lifestyle. With the advent of […]

What To Bring to Your First Appointment

In last month’s column, you learned how to interview attorneys to represent you in a divorce. Once you have set an appointment, you need prepare for that interview in order to get the most bang for your buck when you and the attorney meet. The attorney must have a basic understanding of the facts of […]

How To Choose A Divorce Attorney

A divorce is one of the most traumatic events in a person’s life, ranking right up there with death of a loved one. A divorce is also one of the few times – and maybe the only time – a person has to deal with the court system. Ending a disintegrating marriage is made more […]

Maintaining Your Health Insurance After Divorce

Your health is the most important asset you have, and health insurance coverage is a close second. If your health insurance is through your spouse’s employer, once the divorce is final you will need to obtain health insurance for yourself. It is very important that there is no gap in coverage, so you must deal […]

The Benefits of Being Married Ten Years

My nine-year marriage has been rocky for quite some time, and my husband and I periodically talk about divorce. A friend told me I should stick it out a while longer since there are benefits to being married ten years or longer. What are those benefits?

Is There Credit After Divorce

I am thinking of divorce, and I don’t know what to do about my credit cards. Will I be able to get credit after I divorce, or will I have to start over?

The Twelve Financial Pitfalls of Divorce

Each year, nearly 2.8 million men and women go through the emotional and financial trauma of divorce. During divorce, many women are concerned about financial survival—and with good reason.

What You Need to Know About Social Security After Divorce

Here’s some good news about divorce, for a change. If your marriage lasted at least ten years, you can claim social security benefits on the entire earnings history of your ex-spouse.