Study: Single women and money Single women – those who have never married, those who have experienced divorce, and those who have outlived a spouse – need to take a more proactive approach to growing and protecting their finances, according to a new study. The Single Women and Money Study found that while the overwhelming majority of single women (97%) believe it is important to be engaged in … [Read more...]
Planning for Remarriage
May 17, 2018 by
If you are thinking of marrying again... For those courageous enough to remarry, there are many financial questions to answer together. How will you combine finances? This issue gets thornier the older you are. You’ll want to create a financial strategy that considers the assets, liabilities, and financial responsibilities that each partner brings to the marriage. Financial planning for … [Read more...]
Financial Affidavits in Divorce
February 13, 2018 by
The financial affidavit When divorce proceedings begin, each spouse is required to fill out a financial affidavit. This form, which becomes part of the court record, shows income from all sources, debt (or liabilities), living expenses, and assets. Each party swears (under the pains and penalties of perjury) that the information contained on his or her affidavit is true. Judges use the … [Read more...]
Divorce and Social Security
December 1, 2017 by
By Matt Carey How does divorce affect Social Security benefits? Some people don’t realize that after a divorce, you can choose whether to claim retirement benefits based on your own earnings record or on your ex-spouse's earnings record. Of course, that’s provided certain requirements are met. What requirements must be met? You could qualify to take benefits based on your ex-spouse's record if … [Read more...]
Can We Make Divorce Easier?
October 22, 2017 by
Know Your Options in Divorce By Matt Carey Divorce is often traumatic, with a large emotional impact on all parties. And the financial ramifications of dissolving a marriage can be no less devastating. I’ve found that many put the financial considerations last on their list. It’s very easy to want to “get it over with” but many have regrets later. That’s why it is important to bring on … [Read more...]
