Divorce is a complex process full of emotion and uncertainty. Achieving an equitable settlement can be a challenge for couples with unique financial situations, especially in cases where one spouse is unfamiliar with the family finances. A Certified Public Accountant (CPA) can offer objectivity and independence while providing the expertise needed to arrive at a settlement that protects the short- … [Read more...] about The Value of a CPA in a Divorce
What are the Responsibilities of a Financial Professional 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 informed … [Read more...] about What are the Responsibilities of a Financial Professional During a 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
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
We Can Help You Determine Which Assets to Keep
One of the most important aspects of a divorce is determining who gets what. If you and your spouse accumulated property or other assets over the years, it’s crucial that you calculate the value of everything and determine what you’ll keep and what you’ll get rid of. Why is it important to understand assets? Most people think all assets are created equal, but that isn’t the case. Just … [Read more...] about We Can Help You Determine Which Assets to Keep
What to Expect at Your First Hoffman Divorce Strategies Appointment
At Hoffman Divorce Strategies, we focus on two very specific aspects of the divorce process: Accounting your divorceUsing financial strategies to help you achieve a better settlement If you don’t come from a finance background or aren’t very good with money, you’re probably feeling somewhat overwhelmed. This is perfectly understandable and nothing to be ashamed of. Divorce laws are … [Read more...] about What to Expect at Your First Hoffman Divorce Strategies Appointment
Leave the Number Crunching to Us
Are you someone who hates even basic arithmetic? We get it. Not everyone is a numbers person, and when your financial future is on the line, trying to navigate a divorce settlement without an advocate is incredibly scary. If you have kids, there are child support and custody agreements to consider, not to mention the divvying-up of property, vehicles, other assets, and debt. That’s a lot of … [Read more...] about Leave the Number Crunching to Us
Don’t Risk Navigating a Financial Settlement On Your Own
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