Tag 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 […]

The College Factor: Three Points Divorced Parents Need to Consider

Navigating the college selection process and funding a child’s college education can be stressful for all parents, but can be especially stressful for parents who are divorced. Fortunately, divorced or separated parents can minimize the stress associated with college preparation through proper planning, open communication, and the involvement of both parents. Understand the Financial Obligation […]

Divorce Among Professional Women

A recent post titled “Women Breadwinners More Likely To Divorce” cited a new 25-year study that was published in October’s issue of the Journal of Family Issues.  According to the study, among 2,500 women married between 1979 and 2002, those who brought home 60% or more of their household income were 40% more likely to […]

Divorce Insurance: Financial Planning Before Marriage?

Premarital agreements that control the distribution of property at the end of a marriage by death or divorce may be a sensible and equitable choice for a prospective bride or groom wanting to preserve assets from a previous marriage for the children of that union or to protect business interests established several years before the […]