Divorce can be a financially draining event, and many people have a difficult time financially after divorce. Recent studies have shown that women are now faring better financially after a divorce, primarily because more women are now working outside the home and the male/female income gap has continued to narrow. Meanwhile, divorcing men may be [...]
Consumer debt in the United States today is a big issue. The number is actually staggering — total U.S. consumer debt, as of December 2011 is $2.5 trillion (Source: Federal Reserve’s G.19 report on consumer credit, released February 2012). Average credit card debt per household with credit card debt is $15,956. Almost all American families [...]
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 [...]
Oftentimes a divorce is a threat to the survival of a family business. After all, getting through a divorce is an emotional and difficult process all on its own. The stakes are raised when a family business is involved, for both the divorcing spouses as well as any non-family members who are deeply involved in [...]
When the media reports a celebrity couple has split up, such as Kim Kardashian and Kris Humphries, or Demi Moore and Ashton Kutcher, there is inevitably a flurry of speculation regarding whether there was a prenup in place, or if someone is going to lose a good chunk of their wealth. A prenuptial agreement is [...]
Sometimes after a divorce, it’s easy to focus on healing emotionally, and let financial issues and money matters take a back seat. Though healing emotionally is certainly an important part of the post-divorce process, it is important to address money matters promptly, since the financial choices you make after a divorce can have lifelong effects, [...]
