Not only does a divorce bring emotional turmoil, but it also brings financial fallout, especially during tax time.
When you agree to use collaborative divorce process, you have access to neutral financial professionals who can help with you plan for taxes going forward and help both of you develop an agreement that each person can sign off on.
Here are… Read More
by Thea Glazer, CFP®, CDFA™, MS Accounting
Glazer Financial Advisors
When dividing property in a divorce settlement, stock options and restricted stock may be part of the marital estate. This brief overview provides a basic understanding of the factors you need to take into consideration. It does not go into all the many tax and technical issues that are aspects… Read More
by Meredith L. Brown, Esq.
Brown & Brown
Many couples prepare Wills and Trusts in connection with a happy life event, such as the birth of a child. Frequently these documents are placed in a safe deposit box, never to be updated or even thought about again.
When the unfortunate life event of divorce happens, couples often opt to defer… Read More
by Alex Kwoka, Attorney at Law, Law Office of Alexandra M. Kwoka
If you are considering separating or divorcing, and/or moving from the marital home with a child or children, thinking about how you will file your tax return is important.
First: When will you separate into two households?
If you move out after June 30 in the tax filing… Read More
A recent Forbes Magazine article offers advice specifically to women about assets in a financial portfolio that they might overlook when working on the division of those assets in a divorce.
From a practical standpoint, it’s true that people don’t always clearly identify or think about all of their “assets” at the time of divorce. But those of us involved… Read More
Following the U.S. Supreme Court’s ruling striking down the Defense of Marriage Act (DOMA) today as unconstitutional, and declining to rule on Prop 8, therefore allowing legal same sex marriage in California, there are numerous ramifications. Some of them have to do not with marriage, but with divorce.
For example, what are the financial ramifications for same sex couples during… Read More
The State of Washington passed new legislation which encourages couples to consider collaborative divorce, keeping families out of courtrooms. The bill signed by Jay Inslee is called the Uniform Collaborative Law Act. It allows couples to agree on terms of their divorce without going to court.
The members of CFLG San Diego congratulate Governor Inslee and the legislature for making… Read More
CLFG San Diego member Justin Reckers, Director of Financial Planning at Pacific Wealth Management and Managing Director at Pacific Divorce Management, shares this recent article from Forbes Magazine with tips to help women (and men, too) who were divorced in 2012 or going through a divorce now that will help you avoid paying higher taxes than necessary or any potential… Read More
The issues surrounding a “Grey Divorce” – divorcing in your 50s, 60s, or later years – present many of the same issues that occur when divorcing at earlier ages.
However, the fact the divorce is happening later in life can present unique financial challenges. There is less time… Read More
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