50 Assets to Include on your Asset List (When You Are Divorcing)

There are so many things of value in our lives often times we don’t even realize it – until its time to  divorce and split assets. If you are in that situation, Divorce Saloon has compiled a table below of 50 assets you should include in your asset list for your attorney. You need these to figure … Continue reading “50 Assets to Include on your Asset List (When You Are Divorcing)”

Complex, High Asset Divorce Cases and the Challenge of Valuation

With the increase in the number of millionaires in the country, it is no wonder that there is a corresponding increase in high asset divorces – both in the US and abroad. The problem challenge of how to accurately value complex assets such as businesses, real estate and retirement accounts cannot be understated. The cliché … Continue reading “Complex, High Asset Divorce Cases and the Challenge of Valuation”

Getting Divorced During Tax Season? Do You Know about 26 U.S. Code § 1041 – Transfers of property between spouses incident to divorce?

26 U.S. Code § 1041 – Transfers of property between spouses or incident to divorce. So, in this post I discussed property division and specifically the criteria judges used to determine what divorcing parties would get in their property settlement. I briefly touched on the issue of alimony vs property settlement and the taxable consequences. … Continue reading “Getting Divorced During Tax Season? Do You Know about 26 U.S. Code § 1041 – Transfers of property between spouses incident to divorce?”

Your Divorce Worksheets: How to Figure Out Your Net Worth & Net Income

Once you have itemized every single thing you own with your spouse in the asset column, then indicate the spouse who owns it or if all is owned jointly you just tick down the JOINT column. Then indicate the VALUE of the asset in the last column.

Once you have itemized every single thing you own with your spouse in the asset column, then indicate the spouse who owns it or if all is owned jointly you just tick down the JOINT column. Then indicate the VALUE of the asset in the last column.

Got Big Alimony Check and Want to Invest in the Stock Market? Here are 6 top Stock Picks for 2017

So here you are recently divorced and with a big fat check itching in your hands. What should you do with it rather than squander it like some people have been known to do? No, I am not thinking about Heather Mills ex wife of Beatle Paul McCartney. But a lot of women especially who … Continue reading “Got Big Alimony Check and Want to Invest in the Stock Market? Here are 6 top Stock Picks for 2017”

Yes, It is Possible to Get More Than 50 Percent of Your Spouse’s Retirement Benefits When You Divorce

Is it possible to get more than 50 percent of your spouse’s retirement benefits when you divorce? When it comes to divorce retirement benefits, it would seem logical that the person who actually worked and accrued these benefits should get the biggest chunk of it if the parties divorce, right? But this is not always … Continue reading “Yes, It is Possible to Get More Than 50 Percent of Your Spouse’s Retirement Benefits When You Divorce”

Divorced? Are You Entitled to Money That You Are Not Getting?

Divorce Money Matters It happens pretty often that a divorcing spouse is entitled to certain monies such as income from retirement accounts or securities or even what is called “deferred compensation” that they never receive a penny. This happens if they had an incompetent attorney, or if they did not get adequate financial advise during … Continue reading “Divorced? Are You Entitled to Money That You Are Not Getting?”

Divorce & Your Life Insurance Policy: Should you remove your spouse as beneficiary?

When you get divorced says Mark Eghrarl who writes for Forbes Magazine, you have to change everything. This includes the beneficiary of your life insurance policy. It makes sense. If you are divorced from this person why would you want them to continue to be the beneficiary if and when you die? “Well, it depends … Continue reading “Divorce & Your Life Insurance Policy: Should you remove your spouse as beneficiary?”

Your Assets & Your Divorce: What you should know (guest article)

Divorce and Assets…50/50 is Often Anything But. As the song goes “Breaking up is hard to do”.  This can be especially true when accumulated assets are involved.  Unfortunately, most enduring a divorce are typically immersed in a sea of emotions, prompting them to rely on legal counsel to advocate on their behalf in this area. … Continue reading “Your Assets & Your Divorce: What you should know (guest article)”

Your Divorce Financial Checklist: What Should Be on it?

So, according the Lloyd’s Bank, when it comes to your finances and divorce you would be wise to take these steps the moment you realize (and sometimes even before) that a divorce is on the horizon:   Plan for your children’s post divorce life. What will their needs be? Which of you is better able … Continue reading “Your Divorce Financial Checklist: What Should Be on it?”

Do you need a “divorce loan”? Call Novitas US

Novitas US is a UK Company with branches in the US and Canada. They help finance divorce and lifestyle issues of the affluent set. At high interest rates but a service well worth it to many happy clients. About the company as per their website: Novitas US Inc. is a specialist finance provider for individuals in … Continue reading “Do you need a “divorce loan”? Call Novitas US”

Introducing the Divorce Money App Created By Sheri Atwood. Ever heard of it?

Sherri Atwood is this Silicon Valley entrepreneur who created this “money app” for divorcing parents to keep track of their financial responsibilities to each other and their kids, post divorce. Ever heard of it? It is called “Supportpay” and it is designed to stop money “squabbles.” You can read about it here.

Get the Most Money in Your Divorce Settlement

Getting the most money in your divorce settlement does not require you to be a mercenary but it does require some degree of strategizing and intelligence. By the latter I do not refer to IQ but rather I use the word sort of the way someone who works for the FBI might. There are 3 … Continue reading “Get the Most Money in Your Divorce Settlement”

How Can 21st Century Women Improve Their Financial Odds Post Divorce?

-By Marion TD Lewis Why are women still getting the Financial shaft when they get divorced? I was reading this article on the Guardian website the other day where the author basically excoriates the media for suggesting that all women in big money cases are “gold-diggers.”  In fact, as the author rightfully points out, the … Continue reading “How Can 21st Century Women Improve Their Financial Odds Post Divorce?”

Pensions & divorce: What rights do you have?

As a general rule, pensions are marital property. You have a right to the share of your spouse’s pension even if you have been divorced décades before your spouse retires. Like real estate, stocks, and cash, pensions will be divided up between the two people after a divorce.

As a general rule, pensions are marital property. You have a right to the share of your spouse’s pension even if you have been divorced décades before your spouse retires. Like real estate, stocks, and cash, pensions will be divided up between the two people after a divorce.