Divorce can be a real minefield…
Divorce has the power and potential to be explosive, with tons of gotchas just waiting to blow with the tiniest misstep along the way.
Nothing — and I mean nothing — spells treachery like concerns over money and finances during a divorce. It can get heated and heavy really, really quickly. Seeing couples getting burnt
by mistakes along the way, I know for a fact the shrapnel from that blast stings for years to come.
So how do you avoid a detonation during your divorce? Is there a way to squelch the drama, account for your needs today, while making plans to protect your tomorrows?
Having heard stories of just about everything imaginable in the courtroom, I’ve put this website together to be your hope and help as you navigate your divorce. As you explore, take note of what type of divorce you want, what outcome you’d hope for and how we could work together to get there.
Terms to know while browsing
- Collaborative divorce — A peaceful, cooperative approach to divorce which gives couples control and flexibility not otherwise offered in a typical courtroom divorce.
- Grey divorce — A divorce where spouses are over the age of 50 and must be deliberate about retirement and post-divorce lifestyle considerations.
- Gotchas — A seemingly minuscule, or often overlooked, financial bullet point that could derail your post-divorce needs and lifestyle.
- Inventory — The things and stuff (read: assets and property, not pots and pans) accumulated throughout your marriage.
- Kid’s living expenses — some call this child support, but I do not because this is about covering your kids’ costs, not about calculating a child support number from a rule book written by old grey haired state legislators who don’t know your kids and their needs.
- QDRO ‐ Short for qualified domestic relations order, this is necessary when dividing retirement benefits as part of a qualified plan.
Divorce Insider Tip #1: Keep your goals in focus
The easiest way to thwart bloated divorce costs is to come to the table with clear goals for what you want out of the deal. Whether it’s money to live comfortably today, a plan for your ideal retirement or considerations for the needs of your children, keep your goals and needs at the forefront of your mind and conversations with your divorce pros.
- The Number: How Much Spousal Support to Seek?
- 3 Most Common Questions about Divorce and Retirement
- Paying College Tuition for Children after Divorce
- Use Mutual Interests to Save Money in Divorce
Divorce Insider Tip #2: Know your options
Divorce isn’t a black and white process, and every couple’s needs are unique and specific. It’s important you pick the divorce approach which makes sense for you and your spouse. This will largely depend on your personalities, desired outcomes and the reasons which lead you to consider divorce in the first place.
- Divorce Done Differently
- The Secret of Finding the Best Attorney
- Benefits of the Collaborative Divorce Process
- Is Mediation What You Think It Is?
Divorce Insider Tip #3: Know what’s on the horizon
Divorce isn’t the end of your story: It’s just the beginning. There is a lot to consider to live your tomorrows the way you want, but with good resources and the right advisors in your life, you can take your journey wherever you’d like.
- How to Interview a Financial Advisor
- 6 Steps to Post-Divorce Health Insurance Coverage
- Climbing Out of Credit Card Debt
- 8 Ways to Fix Retirement Savings Shortfall
Other helpful resources on this site
- Listen to the Divorce Insider Podcast
- View recent articles on money and divorce
- Browse answers to common questions about money and divorce