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March 2012 Archives

Don't Let a Divorce or Break-Up Get You Down

Being in a strong, positive, intimate relationship has many benefits to your health, happiness, and well-being. However, research shows those benefits can be quickly erased by a bad break-up, divorce, or death of a spouse. The end of a marriage can be devastating for health, says Debra Umberson, a sociologist at the University of Texas. "And a bad marriage is worse than no marriage at all when it comes to health," she adds. "Serious marital strain really takes a toll on your health."

Tax Implications of Divorce

Many decisions need to be made during a divorce, and it can be somewhat overwhelming. The last thing couples are usually thinking about is taxes. However, there are tax implications from a divorce, and you'll need to make sure you understand the basics and work with a qualified accountant or CPA who can provide guidance when it comes to filing your taxes.

How Do Retirement Assets Get Split Up in a Divorce?

There are many technical terms you might run across during the divorce process, but there are four specific words that often confuse and sometimes mystify people: Qualified Domestic Relations Order (also known as QDRO). In simple terms, a Qualified Domestic Relations details how a couple's retirement assets will be split in the wake of a divorce. The QDRO is so important, that for some ex-spouses, it can determine whether their financial future is secure or perilous.

We're Getting Divorced: Who Gets Custody of the Family Pet?

In many homes across the country, pets are considered part of the family unit. They are oftentimes almost like another child, or if the couple is childless, they are often as important as a child to the couple. In fact, Americans spend over $40 billion dollars on their pets each year! So, an increasingly hot topic across the country is custody cases involving pets.

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