4 Rookie Mistakes “Chumps” Cheated on Make…

Last week, I flew to Washington DC for the weekend in order to attend a book launch and after-party for author Tracy Schorn at the National Press Club. Not only does Tracy write the daily blog chumplady.com, with over 10 million views, but her new book Leave a Cheater, […]

Know How to Protect Yourself Financially Within a Relationship?

When you enter into a new relationship, you display the best version of yourself—the rose-colored glasses are shiny and new. As the relationship progresses, perhaps you decide to move in together. It is at this point that a serious discussion needs to happen—one that people are afraid to have. […]

Should You Execute a Postnup or File for Divorce?

If you’re the higher wage earner married to a husband who is chronically “underemployed,” this can cause a lot of resentment. Over time, resentment stemming from an imbalance of money or imbalance of responsibility spills over into other areas and, subsequently, degrades a marriage. Recently, a reader of this blog requested […]

That Son of a B*#!h Took My Dependent! What Do I Do?

I clicked the e-File button to submit a last-minute client’s tax return. Within minutes, the IRS pinged me in their cryptic code: “Another taxpayer has claimed this dependent in a tax return already filed.” When that happens, there can only be two scenarios: either somebody has stolen their child’s […]

3 Details NOT to Be Put Off to Your “Post-Divorce” Checklist

Most people don’t realize there is anything left to do after the divorce agreement is finalized. Once they’ve hammered out the details of the divorce settlement, signed on the dotted line, and accepted their fate, many clients assume that their attorney is going to take care of all the […]

Should I Try to Keep the House? (Divorce & Mortgage Issues)

One of the most complex questions in litigation or mediation is, “Should I try to keep the house?” This calculation  requires accurate financial analysis prior to negotiation to evaluate whether (or not) it’s a worthwhile want. Because the marital home is such an emotional trigger, it often leads clients […]

Since Lifetime Spousal Support Is Dying Away…

Once upon a time, in a land far, far away, “marriage, motherhood and homemaking” was considered a practical answer to the dilemma of long-term financial security. Lots of things have changed for better or worse. In the plus column: higher education, greater job opportunities and more “you can have it […]

Good News / Bad News – Tax Facts About Spousal Support

Each tax season in my work as a CFP, I have the unpleasant task of informing a recent divorcee that they have an unexpected and substantial tax liability. It’s a curious phenomenon that during tax preparation, the spousal support payor rarely forgets the deduction and chimes in with, “Don’t […]

The Hidden Benefits of “Tax Season”

In most marriages, it is not unusual for one spouse to have a more “hands-on” role or a better understanding of the marital finances. For a variety of reasons (fear, control, stereotypical gender roles), the spouse who is less focused on “how the money works” may not possess the […]

Financial Dangers of Living Separately (But Not Divorced)

It’s just a short hop from the holidays to what is known as “divorce season.” For the past 2 months, many people have been in holiday “limbo,” not making waves during this time of “goodwill.” I’ve counseled many women, often the lesser earners, who have remained in a separated-but-not-divorced […]