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Posts tagged "Divorce"

Pulling money from accounts before a divorce could cost you

You can tell that a divorce is inevitable because of the way you and your spouse feel about one another. Maybe there's been infidelity. Perhaps you've grown apart over time. Whatever the reason, it's natural to want to start planning for your future without your spouse. Don't get ahead of yourself by making major financial mistakes as you head for divorce court.

Dividing assets: Your art could be a marital asset

As an artist, one of the things you need is your artwork. That work may have the potential to sustain you and bring in an income. It's your creative outlet, and it has meaning to you. Even though it may not seem to be valuable monetarily in some cases, art is an asset and may be part of the property division process if you go through a divorce.

Dividing retirement accounts can be challenging during divorce

When people think about divorce, they often think about who gets the home and child custody if there are minor children. Many people completely forget about one of the most important assets: retirement accounts.

Avoiding social media negativity during a divorce

From Facebook to Snapchat, you have had an active presence on social media for years. It is part of your daily routine to post pictures and updates about your children's achievements and activities as well as your personal challenges and accomplishments. From pictures of your family vacation in Europe to the summer lake house you purchased last year, you are not shy about sharing your status.

Why should I have a forensic accountant on my divorce team?

Even in the most amicable of divorce, you still must make sure that you are getting the settlement that you deserve. When you are dealing with high-asset divorces, and even some that aren't high-asset cases, circumstances might still require that you have extra help with the financial aspect of the property division. This is when a forensic accountant can come into the picture. These professionals can help to ensure that everything regarding the finances related to the divorce is on the up and up.

Challenges to valuing your business in a divorce

If you are a business owner going through a divorce, you are likely concerned not only about the future of your marriage - but the future of your business too. Unique challenges arise when the valuation of your business is considered as part of divorce proceedings.

Don't take divorce advice from your friends

You and your friends are close based on similar backgrounds, interests or demographics - or maybe a combination of all three. We like to take advice from our friends. Friends are a great source of sympathy and honesty when we need it most. But, when going through a divorce, the best advice is often left to family law professionals.

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