We’ve all heard the saying “Opposites attract”, but is it really true? Actually, several studies have confirmed that people do tend to choose partners whose personalities, traits, and belief systems resemble their own. And like-minded couples tend to validate each other’s beliefs and views, which leads to fewer conflicts and overall, a happier marriage. But [...]
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, [...]
