Tips for Maintaining Your Finances During Your Divorce

One thing is for sure, taking financial advice from your friends and family can be catastrophic to your financial landscape moving forward long after your divorce has been finalized. When you and your spouse choose to engage in the collaborative divorce process, financial professionals are ready to help understand your family’s financials privately, no matter how complex they are. When we meet with couples, our financial experts often like to share a few thoughts to help couples through the process. Here are a few: Don’t share your financial situation Decide early on what areas are non-negotiable – what can and […]

How To Take Care of Your Mental Health During Your Divorce

Every year we learn more and more about how our mental wellbeing is vital to our long-term health and happiness. Back in the ‘30s and ‘40s, no one paid much attention to mental health issues, let alone the impact of how stress played out in our lives, including our children’s. But in today’s society, we have learned that the stress level of divorce is similar to the death of an immediate family member, and at times the stress can be crushing. With that level of emotional distress, the collaborative divorce process aligns well with helping families deal with the emotional […]

Divorce and Taxes: Who Gets to Deduct What?

Divorce and taxes can be two stressful situations to deal with and most couples are unsure how to complete their taxes once their divorce is finalized. The good news is when you and your spouse opt for a divorce through a collaborative process, you are supported by a team of experts, one of which is a financial neutral who can help you wade through and weigh out the financial changes that will occur, including your tax liability after your divorce has been finalized. Typical child expenses that concern divorcing parents include the following: Whomever your child lives with the most […]

How Does A Gray Divorce Affect the Family?

Divorcing over the age of 50, often referred to as gray divorce, can be extremely difficult to wade through for many reasons. Often in a court litigated traditional divorce, family members get pitted against each other. The long-term emotional fallout can be devastating to everyone involved and for generations to come. Gray divorces come through marriages that have many decades of marriage under their belt and adult children and grandchildren in their family unit. Adult children often feel blindsided because they never felt their parents would divorce after their years together. It can be a gut-wrenching experience for adult family […]

What Expenses Are Covered By Child Support?

Divorce can be messy. It’s a process that has many items to consider, and the most important part of your divorce will be how you and your partner find ways to support your children after your divorce is finalized. When you work with the collaborative divorce process, a team of experts will help you learn to communicate through co-parenting. Divorce coaches will help you learn to communicate with each other. You will also develop a child care plan that includes paying child support and what that will cover. During the collaborative process, our team of experts will work with the […]