Steering Clear of Financial Landmines

By Andrew K. Hoffman, FCA, CFP®, CDFA™ Understanding the financial and tax implications of your options – and avoiding financial landmines – is critical in creating a settlement that will last long-term. When negotiating your financial settlement, you need to know and understand the facts and your options before finalizing your settlement. In my divorce practice, I have found some crucial items are often overlooked; this article outlines some of those items for your consideration. Make sure to work with your lawyer and a divorce financial professional to cover the bases. Take Taxes into Account Failing to understand the tax […]

Read more »

The Value of Neutral Financial Professionals in Divorce

written by Katherine Miller “It’s never just about the money.”  That is a common phrase amongst professionals who work with people in conflict.  Money is certainly a critical piece of many of not most negotiations of any kind and certainly this is true in divorces.  Of course, there are situations where it’s obvious to anyone and everyone that more than just dollars and cents are involved.  A surprising number of people come into the negotiation of their own divorces thinking and saying that it’s “just a business deal” by the time they make the decision to divorce. Marriage is a […]

Read more »

Property Division in a Grey Divorce

By Marlo Van Oorschot The division of property is a major issue in grey divorce, and for most couples over the age of 50 their house is the largest asset they own. Traditionally, for the majority of homeowners, the value of their home is two-thirds of their total assets. And the latest figures from the Census Bureau show that 76% of people age 50 to59 and 80% of those aged 60 to 69 are homeowners-with well over 80% of all homeowners being married couples. Such statistics show that, even in today’s economic climate, the majority of couples in grey divorce […]

Read more »

The Forensic CPA — Your Ally in Divorce

By Lee Gould and Fred Lieber Let’s first dispel a popular misconception: Forensic does not mean dealing with the dead, as in Forensic Pathology’s well known Dr. Quincy. Black’s Law Dictionary defines Forensic as “Belonging to courts of justice”. Breathe a sigh of relief-Divorce and Death are not joined at the hip!! Often, a participant in a divorce is forced to address a significant amount of financial detail for the first time. This, of course, is in addition to all of the other practical and emotional considerations affecting their lives. Spouses generally understand the basics of the family finances, but […]

Read more »

Steering Clear of Financial Landmines

This Divorce eNewsletter article is brought to you by Lisa Gresham of Equitable Divorce and Divorce Magazine Understanding the financial and tax implications of your options – and avoiding financial landmines – is critical in creating a settlement that will last long-term. By Andrew K. Hoffman, FCA, CFP®, CDFA™ When negotiating your financial settlement, you need to know and understand the facts and your options before finalizing your settlement. In my divorce practice, I have found some crucial items are often overlooked; this article outlines some of those items for your consideration. Make sure to work with your lawyer and […]

Read more »