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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.
Divorce & IRA Accounts
During the course of a divorce, any assets you and your spouse had will need to be divided. With the help of your lawyers or a mediator, you will decide who gets what property, how to divide your savings and how to divvy up the retirement accounts. Splitting up the 401(k)s and the IRAs is a bit trickier than simply dividing a regular savings account.