More Women Requesting Prenups

People used to think that prenuptial agreements were just for celebrities or the super-wealthy. That’s no longer the case. The American Academy of Matrimonial Lawyers recently released results from a survey: 63 percent of divorce attorneys say they’ve seen an increase in prenups over the past year. And just as importantly, 46 percent said they saw...

Five Pre-Divorce Mistakes to Avoid

When considering divorce, there will be thousands of things swirling through your mind at a million mils per hour. And it’s easy to overlook something or not see something clearly. Debbie Martinez with HuffPost Divorce recently shared these five mistakes people considering divorce often make: 1) Not meeting with a financial planner before mediation. Many...

Biggest Concern for Divorcing Couples

Before making the decision to divorce, there are probably thousands of concerns and scenarios that you play out in your head. From family, to children and jobs… the list is never-ending. Avvo, a legal forum, recently released results from a study stating that couples heading into divorce are most concerned with… the cost of splitting up. However,...

Credit Ratings

Although credit ratings do not change because of a divorce, if you are not careful, what you don’t do during the divorce can negatively affect your credit. Anytime both names are on a contract you and your spouse together are responsible for those debts. It’s imperative that you take steps to separate your finances. One way to accomplish this is to refinance...

Dividing the Business

When dividing a business as part of the financial settlement in a divorce,  care must be taken to understand the process for the decision making. Generally a family business is an asset and therefore a source of income for both parties. Patricia Barrett, a certified divorce financial analyst makes these suggestions: Determine if the business is community...