Divorce Advisor Blog

Disclaimer: Our blog posts are for informational purposes only and are not to be considered investment, tax, or financial advice. Cornerstone does not and cannot guarantee the accuracy or applicability of any information presented in our blog posts regarding your individual circumstances. Please review your personal situation with your tax and/or financial advisor.

What is Cost Basis?

Posted by Jill Boynton on October 3, 2023

You might be asked to come up with the cost basis, or “basis”, of some assets during your divorce. The basis is what you paid, or invested, in an asset. 

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What’s My Tax Status?

Posted by Jill Boynton on August 8, 2023

When you file your income tax return, your filing status depends on your marital status at midnight on December 31st of the year. So if your divorce is finalized at any time in 2023, whether it’s on January 1st or December 31st, you will file as either Single or Head of Household. (If you are not divorced you will choose Married Filing Separately or Married Filing Jointly.)

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Why Should I Use a CDFA?

Posted by Jill Boynton on June 15, 2023

Imagine yourself at the end of the divorce process, having worked out how to split assets and what support will be paid (if that applies to your situation.) Now it’s time to sign the paperwork. How will you feel? Scared of what you’re giving up? Or confident about your future?

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But I Hate Budgeting!

Posted by Jill Boynton on April 18, 2023

Don’t we all? Who wants to keep track of every penny they spend! But in a divorce it is very important to understand your level of spending. 

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Goals in a Divorce?

Posted by Jill Boynton on February 2, 2023

Isn’t the goal of a divorce just to get divorced? It might seem crazy, but setting goals for yourself (other than splitting with your spouse!) can be helpful.

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