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Divorce Resources for Women

‘Taxes’ Category

Who can file as Head of Household?

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Many divorced parents don’t understand the rules regarding filing as “Head of Household” when doing their taxes. Keep reading to find out what they are.

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...)

Celebrities Splitting Up Shows You Really Can’t Tell What a Relationship Is Like From the Outside

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Celebrity Moms & DadsWhen Channing Tatum and Jenna Dewan Tatum announced their split, shock felt unavoidable. A licensed therapist shares how to handle a breakup and share the news, especially when kids are involved.
[embed:render:node:164472:left:story_featured_image]Most of us are pretty good at identifying when there is trouble in paradise. We think we know the tell-tale signs and often times when friends or celebrities split, it doesn't take much for us (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...)

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...)

What You Need To Know About The New Tax Changes And Your Divorce

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Many people struggle with the financial details of their divorce especially if they weren’t the one managing the household finances but the recent tax law changes mean that it’s especially important for you to ask what you need to know about the new tax law changes and your divorce.
If your divorce was already in process last year and negotiations well underway, these changes may mean going back to the negotiation table before (more...)

What Happens To Your Business In Your Divorce?

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If you have your own business and you’re ending your marriage, then you’re going to want to know what happens to your business in divorce.
Probably about half of my clients either have their own business or their spouse is self-employed and there’s a huge variety in what those businesses look like. I’ve seen blogs that are strictly a side-job that probably cost more to run than the revenue they generate, (more...)

The Impact of 2018 Tax Code Changes on Alimony

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From the moment the bill came to public light up until when it was passed into law, the Tax Cuts and Jobs Act (TCJA) has taken many residents of North Carolina by surprise. This due to the uncertainties and confusions caused by the tax code changes for 2018 and beyond.
The new Tax Cuts and Jobs Act, which was signed into law in December 2017, will greatly affect alimony going forward because the payer will no longer be able (more...)

Finding Hidden Assets During Divorce

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Discovering that your spouse has been hiding assets from you can leave a bad taste in your mouth. It can make you angry, upset, and confused. You’re already going through a divorce, a process that is difficult enough in itself, and now this is one massively rotten cherry on top.
The reality is we live hectic lives. Our days seem to fly by and the world around us moves quickly. Unfortunately for that reason, it is often (more...)