One of the advantages of using mediation to settle a divorce is that it helps keeps things private. You don’t have as many documents filed with the court or testimony that could potentially be accessed and made public or used by business competitors. If you’re a...
Divorce
3 inevitable changes that come with divorce
People who are going through a divorce face a lot of major life changes. Some of these are positive, but others might be a bit more difficult to cope with. Whether your divorce is mutually agreeable or contentious, you should prepare yourself for these effects. By...
Will you have to divide a military pension when you divorce?
Some people join the military and only serve for the minimum amount of time necessary. Others make their service a lifelong profession. Servicemembers and their dependent family members have access to robust benefits programs, including medical insurance and pension...
2 signs of hidden assets in a divorce
During a divorce, there are numerous issues to settle. For parents, their top priority is usually settling matters related to child custody. After that, property division comes into play. In Washington, property acquired during the course of the marriage is typically...
3 reasons a prenup may not stand
Prenuptial agreements are relatively simple, an easy way to make financial decisions before divorce. This can often be a lot less contentious. If you and your spouse are actively involved in a divorce, you may worry that you will argue and fight over every cent. But...
What you should know about capital gains tax and asset division
If you’re planning to divorce and you and your spouse have significant assets, including businesses, real estate, stocks, art and other property, you should rightly be concerned about the tax implications of these assets as you determine which ones to seek. In...
2 things you shouldn’t do on social media during divorce
These days, pretty much everyone has a social media profile – and it’s fun. We love to touch base with friends, families and, at times, our frenemies. However, if you are currently dealing with any legal matter, such as a divorce, then you need to understand that your...
Who gets to keep the house in a divorce?
If you or your spouse bought your house before you got married, then you may be able to retain it through a divorce as a separate asset. But most couples buy homes together, and they tend to do it after they’ve officially been married. This makes it a marital asset....
What is a prenuptial agreement?
Before the union between two people is officiated, many couples have taken into consideration that there’s an ever so slight chance that there could be a divorce. If a marriage does lead to divorce, even if couples don’t plan to stay divorced, people often want to...
Should you hire a financial advisor for your divorce?
Divorce is a difficult process for most people. The results of your divorce can impact your life in many ways moving forward. For some divorces, it may make sense to hire a financial advisor. Learn more about when this may be needed here. During high-conflict...