Search Results for: insurance settlement
Divorce & Life Insurance
The purpose and need for life insurance doesn’t go away when couples split up. Life insurance can provide the resources to raise children when one or both parents die, and it can replace spousal support that a deceased ex would have paid to the lower-earning party in a divorce. Continuation of life insurance is often an element in court orders and settlement agreements in divorce proceedings.
Advice on Divorce Settlements
You must resolve three primary issues before a court will grant you a divorce, according to Psychology Today. These three issues concern custody of the children, alimony and child support and the division of marital property. Generally, you would seek the help of an attorney to settle these issues. The settlement is the final legal agreement between you and your husband.
Five BIG Money Mistakes Women Make in Divorce
More than half of all divorced women fear they will end up a “bag lady.” Even high net-worth women are concerned they’ll run out of money and won’t be able to support themselves or their families. I get it: I’ve been there. Living through my own divorce — and advising the numerous women with whom…
Ten Financial Tips for Women Seriously Considering Divorce
1. Get informed. In order to have an idea of where you stand financially after divorce you need to figure out your financial status as a married couple. Gather all of the documents pertaining to your assets and liabilities. Each current account statement, whether it’s reporting the mortgage balance, credit card balance, Individual Retirement Account value, student loan, etc.
How to Handle a Divorce While Pregnant
Pregnancy and divorce don’t usually go hand-in-hand, but some couples find themselves in this situation. The emotions and hormonal changes that accompany pregnancy might complicate your situation further. Because there is a baby involved, you will also have to deal with custody arrangements once you deliver the child. A support system and a plan for the future helps you navigate through the divorce while keeping yourself healthy during the remaining months of your pregnancy.