How to divide assets and what to do about money is one of the most difficult issues facing divorcing couples. At Hoffman Divorce Strategies, we bring financial professionals to the table who have decades of experience in helping divorcing clients understand the short and long-term impact of financial decisions they make in their divorce settlement today. Financial … [Read more...] about Understanding Money and Divorce
Divorce
Simple Ways to Save Money 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
The 3 Leading Causes of 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
These Tax Tips Can Make the Transition to Single Life Easier
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
Benefits of Financial Divorce Analysis
The Centers for Disease Control and Prevention says 787,251 American couples divorced in 2017, an average of 2.9 per every 1,000 marriages. In the United States, divorce is ubiquitous. It’s the subject of movies, television shows, and best-selling books, yet many couples going through the divorce process do very little research, especially in terms of finances. Even if you and your ex are … [Read more...] about Benefits of Financial Divorce Analysis
Should I Consider Stocks During My Divorce?
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?
During a Divorce, Financial Education Matters
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
Considering the Long-Term Financial Implications of Divorce
If you’ve made the decision to get a divorce, you’re probably looking to cut through all of the red tape and legal requirements as quickly as possible. After all, the sooner decisions are made and paperwork is signed, the sooner you’ll be able to move on to the next chapter of your life. While most divorces are completed within a year, the financial implications of a settlement have the power to … [Read more...] about Considering the Long-Term Financial Implications of Divorce