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Divorce Resources for Women

‘Savings’ Category

After Divorce, What Would Marie Kondo Say About Your Wedding Memorabilia?

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After a divorce, it can be challenging to discard anything that reminded you of your marriage. If you wanted the divorce, it may feel healing to blow up or trash your wedding dress once the papers are filed. For others, especially those with children, you may decide to save some wedding memorabilia for their memories or special day. The next decisions you must make are what to save and what to discard.
Have you considered the KonMari method of (more...)

Estate Planning 101: Five Reasons to Put Your Money Into a Trust

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A Super Fast Explanation of a Trust
Think of a trust as a huge bank vault where you can park all of your money and assets. You can put your house into the vault, as well as your investment portfolio, business interests, your classic cars, even your jewelry. The trust is controlled by a “trustee.” A trustee can be one of your adult children (though this may cause family squabbling), a sibling, a good friend, or a (more...)

What Should I Bring With Me to the First Family Law Attorney Meeting in Tulsa?

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For many, the idea of your first family law attorney meeting in Tulsa can be overwhelming — and a little intimidating.
If you are going through a divorce or child custody action, you probably know very little of the procedures involved. In contrast, divorces and child custody cases are what your soon-to-be family law attorney works on every day and went to years of schooling to perfect.
However, your family law attorney is there to help you and be (more...)

How to Divorce-Proof Your Trust

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Trusts were once considered a tool that only the mega-rich used to shovel their huge piles of money into a safe place. These days, trusts are increasingly used by all sorts of people, including older couples who want to provide ongoing support for their children or business owners who appreciate a trust’s ability to protect their assets from lawsuits and other creditors. If you are the beneficiary of a trust or own a trust and are facing (more...)

How to Evaluate Your Husband’s Business During a Divorce

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If your husband owns a business, you may have a right to a portion of that business’s value if you get divorced. The key question then becomes, how much is the business worth? This can be a very difficult question to answer. A business is more than just the value of its equipment and furniture. Its name, vendor lists, proprietary sales methods, and accounts payable all possess value that you are entitled to. That’s why (more...)

Believe It Or Not An Amicable Divorce Is Possible

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The news is routinely filled with sensational stories of divorce gone wrong. We read about vindictive spouses who are hell bent on destroying their exes. We read about greedy lawyers who fan the flames of conflict so that divorces last longer and they make more money. But think about it. What we never read about are stories of an amicable divorce.
No one hears about the people who somehow manage to end their marriages without spending their lives’ (more...)

Your ‘Net Worthy’

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Welcome to “Your Net Worthy,” a WIFE.org blog that will share tips and tools to increase something equally if not more important as your net worth:  it’s called your “net worthy.”
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Net worth is defined as a snapshot of where you are at financially:  what you would have in cash if you sold everything you owned of value and paid off any debt.  Obviously, it is a fluid (more...)

Divorcing And Not Working? You Might Regret It

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If you’re divorcing and not working, you might regret it. Why?
Standard advice used to be not to go back to work as it would likely impact the alimony you’d receive and not just the amount but also the duration.
You’ll rarely hear that advice these days. Gone are the days of lifetime maintenance, and if you’re not working you’re at risk of being treated as voluntarily unemployed. That (more...)

Do I Have to Claim Child Support Income on My Taxes?

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Question:
Last year my divorce with my husband became final and he started paying me child support for our two daughters. I’m going back to school, and the child support and alimony make up a lot of the money I get (I also work part-time). This is the first year I’m filing my taxes as a single since we got married. Do I have to claim the child support as income? Will I end up (more...)

What’s Your Relationship With Money?

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Divorce can feel like quite a shock to the system. Everything you thought you knew has changed. It may cause many to reevaluate their relationships with friends, family and themselves. You may also reevaluate your relationship with money.
Because of the financial strain of divorce, and the division of assets, it may become apparent that you have strong emotions around money. In fact, finances could be the reason for the strain in your marriage.
What is your relationship with (more...)