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Divorce Resources for Women

‘Savings’ Category

The Increase In Gray Divorce And How It Could Hurt You

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The overall divorce rate in the U.S. might be declining but the rate for midlife divorce is increasing. So what’s causing the increase in gray divorce and how could it hurt you?
My guest for this latest Conversations About Divorce is Jocelyn Elise Crowley, author of Gray Divorce: What We Lose And Gain From Mid-Life Splits. Jocelyn and I chat about what’s driving the increase in mid-life divorce, the social penalty that men experience (more...)

How To Be Financially Stable And Secure After Divorce

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Divorce rocks a person’s financial stability and security like no other life event. Even if you saw it coming, you may not have made all the steps needed to go from two incomes to one. Settlements are messy and are messier if you have children. Usually, one parent pays child support and that can be a hardship. But child support often doesn’t make up for sharing all of the household expense and debt so the (more...)

What To Do With The Debt From Your Divorce

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If you are wondering what to do with any unsecured debt from your divorce, the answer is simple. Pay it off and pay it off as quickly as possible.
If you aren’t able to pay off the credit card debt through other assets and you still have the debt after your divorce is final, then Sallie Krawcheck, Co-Founder & CEO of Ellevest says, “If you have credit card debt, pay it off now. Do not pass (more...)

You Get The China, I Get The Tools. Who Gets The Retirement Account

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A divorce can be expensive, both financially and emotionally. Dividing assets collected over years of marriage often is the most challenging part. The procedures for splitting checking accounts, and savings accounts, are thorough and laid out with all the fine print. What about retirement savings? That depends and a couple should get educated on dividing retirement accounts when divorcing.
As Forbest points out, governing bodies at different levels — state, federal & local — treat property different. Some states (more...)

Divorce Checklist – What To Do To Prepare for Your Divorce

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Divorce is a confusing and complicated process that can last longer than expected at times. While all that is required before filing for divorce is simply to be separated for one year from your spouse, there are numerous other things you will need to do to make sure you are protected. You will have to make difficult decisions in a short span of time. As such, here are some things you need to know or do to make this (more...)

Tips for Mothers Going Through Legal Separation or Divorce

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By Gerald A. Maggio, Esq.
Once the initial shock settles down and the divorce becomes a reality, you start realizing that your life will change in many ways when you become a single woman once again. A realization like this can be actually scary for many. However, like many others, you will also get used to these new changes gradually. So do not lose your cool and be patient.
It is indeed a gutsy role to be a single (more...)

Ten Financial Essentials You Need Know For Your Divorce

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Whether or not you’re using attorneys, to get started on your divorce, you will have to gather all of your financial information and share it with your spouse (and vice versa).
Many people, inadvertently skip this step and jump straight into discussions about who’s going to keep the house and how other assets should be divided.
That’s not smart and it can lead to deadlocks and breakdowns in the negotiations. You’ll (more...)

Can An Orange County Divorce Destroy Your Retirement?

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By Gerald A. Maggio, Esq.
When you have finally made up your mind to get a divorce, it is likely that you may not think too much about how it can have an impact on your retirement. However, it is an extremely valid matter to think about. Insured Retirement Institute conducted a study which observed that about 24 percent of the divorced couples who are born after World War II felt their condition will deteriorate after retirement because of (more...)

How to Understand a Business Valuation in Your Divorce

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Your wife is a very successful dermatologist. She owns a practice with 3 other doctors. Your family lived the life of their dreams until your wife cheated with your neighbor and told you she was leaving you.
You don’t earn nearly the income she does. Her career came first and yours always took a backseat.  You are counting on receiving money from her business to assist you financially until you can (more...)

How To Share Your Child’s Expenses With Your Ex

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One common area for post-divorce conflict is child-related expenses. To minimize this, it is important to discuss before the divorce is final how will you and your ex share your child’s expenses.
Even with a clear agreement in the divorce papers, this unfortunately can be a minefield on many levels. It leads to disputes about what expenses should be incurred, what should be shared, what’s the fairest way of sharing them, getting reimbursed and on (more...)