If divorce were a recipe, it would consist of two main ingredients: emotions and assets. While mature, responsible adults are often able to set their emotions aside for the promise of a better future, hammering out the details of a financial settlement can be a different story. Some of the most common assets divorcing spouses argue over are: Vehicles such as cars, motorhomes, boats, and … [Read more...] about Should I Consider Stocks During My Divorce?
Oddly enough, the divorce process is going much smoother than you’d expected. You and your ex are communicating without any trouble, there are no hard feelings, and you’re getting closer to finalizing the paperwork. It’s smooth sailing from here on out! Or is it? Louisiana is one of only nine community property states in America. That means any debt you’ve accrued — from “I do” to the date … [Read more...] about Who is Liable for the Debt Accrued During My Marriage?
Your divorce was a long, complicated and often challenging process. You’ve shed blood, sweat and tears on your way to finalizing the paperwork and moving on with your life. Now that everything is complete, you’re ready to seize life by the horns and start anew! Wait — Are you frowning? If you aren’t feeling so optimistic about what the future holds, know you aren’t alone. In the midst of … [Read more...] about Your divorce is final, now what?
If you’ve decided to go through with a divorce, you might think it’s just a matter of signing some paperwork, moving out of the marital home and getting on with your life. While it would certainly be nice if things were that easy, this usually isn’t the case. Because your finances are interwoven with your spouse’s finances, it can take months or even years to hammer out all of the necessary … [Read more...] about During a Divorce, Financial Education Matters
Are you preparing to go through a divorce? Have you already completed a divorce but are still in the process of splitting up assets? Before you go any further, take a step back and ask yourself this: Does my ex have my best interests in mind? If you can’t answer the question confidently with an affirmative, it’s time to reach out to a QDRO specialist like the team here at Hoffman … [Read more...] about Don’t Risk Navigating a Financial Settlement On Your Own
At Hoffman Divorce Strategies we regularly provide post-divorce assistance for our clients. Even if you and your ex-spouse have successfully reached a divorce settlement, there may be further matters to address including property settlements, child and spousal support as well as other agreements and judgments. While you might be tempted to rush through this process, signing any necessary … [Read more...] about When It Comes to Post-Divorce Assistance, You Have Options
If you and your spouse have decided to move forward with the divorce process, it is critical that you take your finances into account. Even if the termination of your marriage is a mutual decision, if you or your spouse make drastically different amounts of income, have children or own multiple properties, there is plenty of room for arguments or disagreements to arise. At Hoffman Divorce … [Read more...] about We Can Help You Improve the Quality of Your Financial Settlement
The divorce process can leave you feeling anxious, overwhelmed, exhausted and unsure of what the future holds. This is especially true in the financial sense. If you have relied on your spouse’s income to pay bills and purchase necessities or if the majority of your property — including your home and vehicles — isn’t in your name, you may worry that once everything is said and done you will have … [Read more...] about A Clear Picture of Your Financial Future, No Crystal Balls Required