Financial Planning Right After Your Divorce

A top priority after divorce is a stable financial plan.  The separation should urge couples to do some “financial housekeeping” to protect all personal finances.  There are crucial measurements that need to be met in order to disassociate from a previous marriage. Identification (e.g., social security card, driver’s license, passports) and personal...

Blending Families and Finances

There are many challenges you will face when being in a relationship.  It is even more challenging  to keep a balance between your past relationship with your new relationship when either relationship includes children.  When there are multiple commitments to family members, dealing with finances can be a sticky situation.  Finances are more often than not a...

Set Divorce Guidelines

Most people tend to dive head first into a divorce. Often times this is due to high emotions or the longing to get the divorce process over as soon as possible. But a common mistake is a lack of strategic planning for anyone going through a separation or a divorce. Tips of Divorce blog says that many people try to tackle just one issue at a time and tend to the...

Prenuptial & Postnuptial Agreements

In the United States, 50% of the people who marry will get divorced.  In 2013, California has been surveyed to have a 75% divorce rate.  The rising divorce rate has become a catalyst for the rising number of couples getting prenuptial and postnuptial agreements.  A 2012 Harris Interactive Poll showed that 44% of singles and 49% of divorcees have thought of...

Divorce Finance – What You Should Be Prepared For

There are a few financial complications when divorcing your spouse.  You should be correctly informed about your filing status as well as your exemptions and deductions when preparing for the tax season.  First, you have to understand that the marital status for tax filing is set as of the last day of the year (December 31).  According to the IRS, you are...