Creating a Financial Plan for Temporary Finances While Going through the Coronavirus

Creating a Financial Plan for Temporary Finances While Going through the Coronavirus - Peace Talks Mediation Services - financial planning, financial plan, divorce, divorce mediation, coronavirus - Photo by Acharaporn KamornboonyarushThe 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, but there is hope and help!

Here are some action steps you can take TODAY to help find your financial footing during these unprecedented times:

  • Many companies are offering loan forgiveness, extending payment dates, and even reducing loan balances due to COVID-19

Don’t wait until you are behind on your monthly bills, ACT NOW, CALL THEM TODAY!

Companies are trying to salvage what they can too, and making a deal with you for repayment is less costly for them than defaulting on delinquent payments.

  • Resist the urge to cash out your 401K, IRA and other retirement accounts
  • If you received a COVID-19 Economic Impact Payment, don’t spend it on frivolous purchases. Spend it wisely to pay bills, pay down loans, purchase the essentials in life that are needed to progress forward.
  • Create a COVID-19 budget

The time is now to get ahold of your finances and create a budget – you will be thankful you did when all the shelter-in-place orders are lifted.

 “No for now, but not forever” should be your new mantra.

During these turbulent times, with so many unknowns, be kind to yourself, realize that we are all in this together and the tide will rise again!

The neutral financial mediators at Peace Talks prepare schedules that project cash flows, net worth, and tax effects of proposed divorce settlements. Putting that information in language you can understand helps you take the next steps.

Contact us today or visit HERE to book your FREE CONSULTATION to learn how our mediators can help you with your financial concerns.

Note: This information is general in nature and should not be construed as legal/financial/tax advice. You should work with your attorney, financial, or tax professional to determine what will work best for your situation.

Can the Coronavirus Affect Child Custody?

Can the Coronavirus Affect Child Custody - Peace Talks Mediation Services - Coronavirus, COVID19, child custody, divorce, divorce mediation - Photo by Gustavo Fring from PexelsWhile we battle the COVID-19 virus, even though it seems the world has stopped, there are still many other high stressors at play, such as families who are trying to balance out custody concerns.

Many states have a stay-at-home order, and because of safety issues of contracting the virus, parental custody arrangements may need to temporally change due to the social distancing during the pandemic.

We are in unchartered waters – no precedents have been written or ruled on as to how to handle custody during a pandemic.

When the world starts turning again, we believe a pandemic modification will be added to post divorce agreements.

So, here are a few suggestions to help you and your ex handle visitation issues:

  • Be flexible and make common sense decisions that are realistic and agreeable for both of you
  • Work together to find a solution that keeps the child’s best interest in mind
  • Don’t use the outbreak as a weapon to withhold visitation agreements
  • Refrain from airing out your concerns about custody in front of your children
  • Realize everyone has been affected by COVID-19 – stress levels are pushed to their max
  • If you cannot agree on custody during this uncertain time, reach out to a custody mediator to help

During these turbulent times, custody is a gray area, and there is a steep learning curve for everyone. If you are struggling to find common ground, reach out to a conflict resolution expert for help. Our mediators are experts at working through conflict resolution to help each party find an agreeable alternative to co-parenting issues.

At Peace Talks Mediation Services, our custody mediation and parenting plan mediation services assist divorced, divorcing, and never-married parents in working together to develop a child-centered custody plan and improve your ability to co-parent.

Contact us today for a FREE CONSULTATION to learn how our mediators can help you with your custody and co-parenting issues.

Note: This information is general in nature and should not be construed as legal/financial/tax advice. You should work with your attorney, financial, or tax professional to determine what will work best for your situation.

Helping You Divorce During the Coronavirus

Helping You Divorce During the Coronavirus - divorce, divorce mediation, coronavirus - Peace Talks Mediation ServicesImage by <a href="https://pixabay.com/users/geralt-9301/?utm_source=link-attribution&utm_medium=referral&utm_campaign=image&utm_content=4884862">Gerd Altmann</a> from <a href="https://pixabay.com/?utm_source=link-attribution&utm_medium=referral&utm_campaign=image&utm_content=4884862">Pixabay</a>Going through a divorce can be difficult enough, but adding the Coronavirus to the mix can make it more challenging. Peace-Talks Mediation Services is here to help you through this difficult time. We are currently open and providing services in our office. While we are aware of the social distancing currently going on today, we know that some clients prefer to talk in-person. We are taking all safety precautions into consideration and doing what we can to keep everyone in the office protected. 

While we understand that in-person mediation is not complete isolation, we do:

  • practice social distancing – by having meetings in a mediator’s office, with space to spread out.
  • resolve matters much faster than going to court.
  • extensive cleaning after each meeting with clients.

With that said, we also offer remote services to clients.  For more details on how we can help you through your divorce process, whether in person or remotely, please contact us via phone at (310)301-2100 or by email at info@peace-talks.com

Please note: The building janitor is taking extra precautions by bleaching doorknobs, elevator buttons, faucets, etc., each night.  Maintenance will be here on Saturdays and vendors called upon emergency.