One of the main concerns of many people anticipating or beginning the divorce process is protecting assets and losing as little as possible as the case proceeds through the courts. There are three stages of divorce with different tips for asset preservation for each stage. Stage 1 - The Beginning of the Divorce Process There are several crucial financial actions people should take … [Read more...] about 3 Stages of Protecting Assets During A Divorce
In many marriage relationships, one of the partners is the one who primarily handles the finances. When a couple divorces, this can cause the negotiation process to become stalled in emotion as the spouse who is less informed struggles to understand their financial situation. At Hoffman Divorce Strategies, we are financial professionals that attorneys rely on to help the less financially … [Read more...] about What are the Responsibilities of a Financial Professional During a Divorce?
When you’re going through a divorce, every penny counts. Hiring a good lawyer, paying for mediation services, and managing your future child support are just a few of the major costs you’ll need to think about, and that’s not even taking day-to-day expenses into consideration. Are you wondering how you’ll be able to manage the style of living you’re used to? Before running out and asking … [Read more...] about Simple Ways to Save Money During a Divorce
In the United States, 40 to 50 percent of marriages end in divorce. Couples end their marriages for a variety of reasons, but researchers have pinpointed three leading causes, in particular. 1.) Incompatibility. Believe it or not, incompatibility is the leading cause of divorce here in America. The Merriam-Webster Dictionary defines incompatible as being “incapable of association or … [Read more...] about The 3 Leading Causes of Divorce
Tax Day 2020 may seem like a long way off now, but it’ll be here before you know it. If you’ve recently divorced, it’s important you understand the implications of this decision on your tax bill and tax refund. No two divorces are exactly alike, but there are three things you can do to prevent fines, penalties or other unwanted surprises. Keep reading to learn more. 1.) Gather your … [Read more...] about These Tax Tips Can Make the Transition to Single Life Easier