Category Archives: Financial Planning

I Am Divorced…Now What? The Top 10 Steps To Take To Safeguard Your Financial Future

Once you have gone through the divorce process and are formally divorced, there are still many steps that can and should be taken to protect yourself. The following is a list of the top ten (10) actions you should take after your divorce has been finalized: 1. The Judgment for Dissolution of Marriage is the […]

How to Protect Your Business in Case of Divorce

When you own a business, you think about protecting it from theft and natural disasters, take out insurance, and make physical improvements to your place of business to make it more secure. You may not consider divorce to be on the same level as a break-in or a tornado, but divorce is actually more prevalent […]

C Suite Divorces

Best Buy CEO Hubert Joly’s recent divorce received publicity this week. According to his SEC filing he sold 451,153 shares of Best Buy for a total of $16,700,000, $6,000,000 of which to be used toward a divorce settlement payment to his ex-wife. CEO’s as well as other executive suite officers in publicly traded companies are […]

IRS Recognizes Same Sex Marriage for Federal Income Tax Purposes

As of September 16, 2013, through Revenue Ruling 2013-17, the Internal Revenue Service will recognize the marital status of legally married persons, including persons married to others of the same sex, for the purposes of filing federal income tax returns. The full text of Rev. Rul. 2013-17 can be found here. Currently, thirteen states recognize […]

Divorcing in a Volatile Economic Market

In uncertain times, dividing the matrimonial pie is more than slicing equal pieces For couples contemplating a divorce, the volatility in the financial and real estate markets has created an impediment that has left many questioning how they will achieve future financial security while attempting to establish two households.  A common goal may be to […]