Divorce is one of the most challenging life transitions, especially concerning finances. But it doesn’t have to be a bitter, drawn-out battle as often seen in court-litigated divorces. Collaborative mediation offers a more amicable and constructive way to start your new chapter while creating tailored asset division plans. When dividing assets and debts, a collaborative…
Read More →
Navigating a gray divorce comes with unique financial considerations, but careful planning and informed decisions can help secure your financial future. Here are key strategies to survive financially during a gray divorce: Opting for a collaborative divorce process or mediation involves professionals committed to resolving conflicts outside of court. This team, including financial neutrals, mental…
Read More →
When couples are divorcing through a litigated court divorce, there is most often chaos and a lot of uncertainty – emotions can run high and hot. But when you and your spouse choose mediation or the collaborative divorce process, you can resolve your differences in a peaceful and amicable environment. With the collaborative divorce process,…
Read More →
When you are a woman going through a divorce, you may find that you are financially impacted in ways your male counterpart is not, especially with a court-litigated divorce process. Often, we see that women are more financially impacted than men, and here are a few reasons why: Women are often the lower wage earner…
Read More →The novel coronavirus has not only sickened many, but it has also cut off our various income streams, and our financial security is at risk. And if you find yourself in the middle of the divorce process, you may feel like you are drowning in this storm and all hope is lost for financial recovery,…
Read More →
Are you in the very beginning stages of getting a divorce? Concerned at what your financial landscape will look like once your separation has been finalized? One thing is for sure, many things will change after a divorce, and one of the most significant changes will be your finances. Here are a few financial thoughts…
Read More →For anyone who can’t let go of that “Money=Happiness” thing, just read and be kind of glad that you don’t have so much money that God borrows from you. The divorce fairness issue that Jeff and MacKenzie Bezos don’t have to worry about https://www.cnn.com/2019/01/11/opinions/divorce-unfair-bezos-opinion-cohen/index.html
Read More →All investors review their investments annually, and in light of the market’s recent volatility, it would be wise to review your investments soon as the new tax laws may affect your strategies. “Rebalancing” may be in order if your portfolio’s asset allocation no longer meets your current long-term objectives. As always, you should consult with your…
Read More →As the commercial says “I’m not a tax advisor and I didn’t stay at a Holiday Inn Express last night…” but a piece by Dan Caplinger from The Motley Fool might have a useful idea for your situation. There’s a link at the end to the whole article. Tax strategies is something that PeaceTalks always has…
Read More →In light of the changes in the tax laws and the recent roller coaster volatility in the stock market it might be prudent to talk with your financial advisor about whatever investment assets are attached to your settlement agreement. You can also get feedback and updates related to other nest eggs that are not part…
Read More →For anyone that is still facing the December 31 deadline for filing here’s some possible relief from some of that anxiety. A lot of people have come to Peace Talks worried, in part, about the alimony change in the new tax laws and what they have to do by December 31 to maximize their benefits going…
Read More →Understanding different types of retirement assets, and the costs and taxes associated with each, when liquidated, can help you make informed decisions. Always consult with your financial and tax advisors during the decision making process especially before a liquidation. To help ensure that you reach an agreement that is equitable to both of you, it’s important…
Read More →Dividing Debts in Divorce One of the bad surprises that we see in the divorce process is the amount of money that is owed by both parties as individuals, and as a couple. This can be gnarly and painful and needs professional help to ensure accuracy. A person’s responsibility for any debt the couple has…
Read More →Peace Talks, by definition, gives people the opportunity to talk about everything that is relevant to reaching an amicable agreement. This applies, as well, to all the legal advisors that come to our mediation table. We get to listen to the perspective of the lawyer in many different types of divorce situations representing a wide range of…
Read More →This article by Dr. Halem seemed very timely as we hit the Labor Day weekend and all too soon will be staring Halloween and Thanksgiving in the face. I really liked what she said about keeping you informed after your mediation is finished. Here are a few highlights and a link to the entire article…
Read More →by Stephanie Maloney An article by Ben Steverman (Bloomberg News) from Sunday’s LA Times dealt with some tax-related issues that are going to affect a lot of divorced couples and their respective families. It’s an extremely informative piece that’s well worth the read. I wanted to highlight a few things he brings up that are…
Read More →by Stephanie Maloney I saw this piece and was shocked. Bryan McQueeney is the chief executive of the nonprofit Ride On Therapeutic Horsemanship in Los Angeles and he sums up nicely some of the unfortunate possibilities. The new tax law, according to estimates from the Council on Foundations, will drain $16 billion to $24 billion a year…
Read More →by Stephanie Maloney Once in a while, something related to my previous incarnation in the investment world catches my attention, especially when it relates to the credit markets. A piece in The Washington Post by David Lynch shed some light on important recent developments in the economy, particularly affecting consumers, as we moved into the…
Read More →There was a piece by the LA Times contributor David Lazarus the other day about the possibility of a “Postal Bank”. NY Sen. Kirsten Gillibrand introduced legislation to allow the Post office to conduct banking services such as checking and small loans. All at reasonable rates and that’s the problem. This idea has been beaten…
Read More →by Stephanie Maloney The new tax legislation will necessitate adjustments for many people dealing with alimony payments-both paying and receiving. When you start to factor in things like tuition and college debt you get a sense of where your strategy needs to shift in order to maintain sufficient protection for your assets. Your tax advisor…
Read More →