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When a marriage ends in divorce there are numerous financial issues to resolve before an equitable property settlement can be reached and it is critical that each spouse have a complete understanding of the financial status of the household. A marriage is an economic partnership which means assets and earnings…
Friday, 14 June 2013 15:09
What's the first thing your girlfriends ask you when you meet that someone special, especially after going through a divorce? They typically ask you if you are emotionally compatible, spiritually compatible, or and/or physically compatible. But do they ever ask you if you are financially compatible? Probably…
Wednesday, 12 June 2013 14:21
I recently worked with Sandra, who had split with her ex several years ago. Her ex-husband agreed to pay off the couple’s $60,000 in credit-card debt. They made the agreement part of their official divorce decree. That, Sandra thought, was that. Unfortunately, it wasn’t…
Saturday, 08 June 2013 20:00
My husband and I contribute to household bills according to our income. In other words, since his income represents 75% of our total household income and mine represents 25%, he pays 75% of the bills and I pay 25%. Since we've never…
Thursday, 30 May 2013 14:46
Let’s face it — money can cause emotions to soar and plunge. Yet strategic financial decisions are best made in the absence of emotion. Thus, a woman going through divorce must learn how to separate her emotions from the financial issues facing her…
Tuesday, 21 May 2013 12:41
Maintaining your financial security is one of your most important considerations when faced with divorce. Your main concern should be negotiating the best possible settlement agreement — one you know you can live with after the ink dries on your divorce decree. There are many steps you can take…
Tuesday, 07 May 2013 15:06
The saying goes that the face of poverty is a woman. Make that a divorced or single mother with insufficient child support. On average women experience a dramatic drop in their standard of living after divorce while a man's standard of living improves significantly.
Saturday, 27 April 2013 16:00
Coming into money can be life-changing, regardless of the circumstances under which you receive it. Financial windfalls, such as divorce settlements, usually unleash as many dreams of what to buy as they do dollars to spend. Whether that chunk of money…
Thursday, 25 April 2013 13:21
Investing in your ex can pay huge dividends. Yes, you heard me right. Of course, I'm excluding any ex who was abusive or unsafe in any way, including one you still love. My husband left, but I wasn't in love with him when we divorced. I didn't hate him either. I just accepted that we weren't…
Thursday, 18 April 2013 13:49
You want the house. You know you want the house – unless it brings back too many bad memories. The question then is: Can you afford to keep it? Well, can you not? I’m a financial advisor in Los Angeles, and I hear this question all the time.…
Wednesday, 17 April 2013 12:45