Divorce Newsletters

Social Security Choices for Divorcees

October 1, 2014

Most likely, as you work out a settlement for your divorce clients, you are making an attempt to figure out whether the assets and income your client will have post-divorce is sufficient for his or her needs. Depending on the age of the client this exercise might have you looking just a few years ahead (for young clients) or right through retirement (for older clients.) For your clients who are approaching retirement age, factoring their Social Security benefit into the picture is important.

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What Can We Learn From a Tax Return

September 1, 2014

The tax return is a valuable tool in divorce. It contains a variety of information that helps us find or verify financial data. Here aresome examples of how to mine the federal tax return:

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What To Do When Refinancing Is Not An Option

August 1, 2014

When a divorcing couple owns a home together, one of the spouses will be awarded the house and must then assume the mortgage singly. The names on the existing mortgage cannot be changed, and the assuming spouse must therefore refinance to take on the remaining mortgage balance. What happens when the spouse who wants to remain in the marital home will not qualify to refinance the mortgage?

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Gray Divorces

July 1, 2014

There is no formal definition of a “gray divorce” or, as it is otherwise known, a “late in life divorce” but these terms are commonly used to describe divorces involving couples in their 50’s or older. Personally I feel “late in life” is a misnomer as a 50-year-old could easily live another 30-40 years, and I think sometimes a better description would be “late in work life” divorce. Because many of the issues that are particular to older divorcing couples stem from the fact that neither party has more than 10-15 years at the most to make up for lost income or assets, and that is only if they are still working. If one or both parties are retired, the opportunity to regain the pre-divorce lifestyle becomes even more difficult.

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Converting a Rental Property to a Personal Residence

June 1, 2014

When a divorcing couple has two properties the separation can be made easier when one party takes the principal residence and the other takes the vacation home. This may seem like a cut and dried decision, but there is an important tax issue to consider when converting a rental property to a personal residence.

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Investment Costs Can Impact a Property Division

May 1, 2014

Remember the old adage “never judge a book by its cover?” This holds true when looking at the value of a taxable investment asset. It can look like one thing on the outside, but can turn out to be completely different on the inside.

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Don’t Ignore 529 College Savings Plans

April 1, 2014

An often overlooked area in divorce negotiations is 529 college savings accounts. Because they are earmarked for college it is easy to think that there is nothing to discuss. However the divorce decree should address how these funds are to be invested, monitored and paid out.

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Why hire a Certified Divorce Financial Analyst?

March 1, 2014

Divorces have been happening in the United States for hundreds of years – in fact the first recorded case of a legal divorce in the American colonies took place on January 5, 1643.

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New mortgage rules could affect some divorce plans

February 1, 2014

In January new mortgage rules took effect as part of the Dodd-Frank financial overhaul. The Qualified Mortgage Rule tightens the qualification for a mortgage and could have an impact on some divorces.

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Dissecting a Paystub

January 1, 2014

New Hampshire Family Division Rule 1.25-A requires parties to provide pay stubs as part of the documents to be disclosed in a divorce. A pay stub may hold much more information than you think. Beyond the employee’s wages and taxes withheld, here is some other information that can be obtained from the stub:

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