You promised to stay with your spouse through sickness, health, and student loan payments. But sometimes, it doesn’t work out that way. If you’re considering getting a divorce, remember that everything in the marriage must be split, whether it’s a debt or an asset. Student loan debt can be particularly tricky, so it’s important to know the facts in order to have a mutually … [Read more...] about How Divorce Affects Your Student Loans
Archives for 2016
Dividing IRA’s in divorce
While IRA’s appear similar on the surface, custodian requirements, taxation of allocations and withdrawals, non-deductible contributions, regular and ROTH IRA differences and contractual considerations for IRAs invested in annuities can result in unintended consequences and complications after a Property Partition has been filed with the courts. Hoffman Divorce Strategies has been assisting … [Read more...] about Dividing IRA’s in divorce
Three Steps to Secure this Important Financial Asset
In the midst of divorcing it can be difficult to remember what and how everything is being split up: the cars, the house, the rental properties. But there’s one asset that many divorcing couples forget about until after it’s too late: retirement accounts. Americans aren’t great about saving for retirement, in any case. This GoBankingRates survey found that one-third of Americans … [Read more...] about Three Steps to Secure this Important Financial Asset
How to avoid these common money mistakes while getting divorced
Going through a divorce can painful, and many people are tempted to rush things and get them over with as soon as possible. But it’s important to not rush or make mistakes during the process, as that could lead you to miss out on money both now and down the road. Here are three major factors to consider to limit the financial implications of going through a divorce. 1. Look for any missing … [Read more...] about How to avoid these common money mistakes while getting divorced