Divorce With Dignity: Don’t Throw Daggers

So you and your ex have decided to split, perhaps your ex dumped you and you’re hurting. Or your ex made you so miserable that you dumped them. Either way the relationship is over and you’re getting divorced. Emotions are going to be bouncing off the walls; anger, sadness frustration, perhaps elation. You name it, you will experience them all.

And then comes the Divorce and financial settlement. There are several ways you can handle your divorce legally; mediation, arbitration or litigation but in emotional terms you can do it calmly, sensibly or with a fight. Now you may be the most reasonable person on the planet and your Ex could be a total arse, so you won’t have complete control of it being all “happy-clappy” but you do have the control of how you conduct yourself through a Divorce.

Unless you are an experienced divorce lawyer or a serial divorcee, the whole process may seem incredibly daunting and the approach you take will be guided by your lawyer. If your lawyer has an aggressive style, then hold on to your hats because it will be an all-out war. Often people mistake an aggressive style for being more effective but this just simply is not true. Anything that holds both you and your ex in the ‘Anger’ zone will just cost more money and more pain. So when you pick your lawyer, make sure you are picking someone who is a good reflection of your personality. If you want to Divorce with Dignity, then get yourself someone with a dignified approach.

Even with the best lawyer on your side, you will undoubtedly want to take some pot-shots at your Ex. Perhaps he never put his dishes in the dishwasher or she was too busy on the phone to her friends and you just want to make the point One-Last-Time. But think about it this way, what is that actually going to achieve?

• Are you hoping that they will finally realise what you have been saying all along and roll around on the floor begging for forgiveness? If they haven’t understood that throughout the relationship, then they sure as hell won’t understand it now.

• Are you even trying to save the relationship by getting them to see the error of their ways? Let’s be real, hurting someone has never been the way of winning someone over.

• Are you wanting some acknowledgement of your hurt? Then I get that, but then you also have to also accept that your Ex is hurting too and you are a part of their pain. You are going to need to acknowledge their hurt as well.

The hardest part of letting go of a relationship is actually accepting that you had a part to play in the demise of it. This may seem like a really difficult thing to do if you are in the early stages of a break up but it will be the most freeing thing you will do to move on.

Throwing daggers is actually just an expression of your hurt; trying to convey how you feel. And the more you keep doing it, the longer the relationship will take to get over. Feelings and thoughts form an attachment, so the longer you have feelings (even anger or hate) the longer you remain emotionally attached to that person. The sooner you stop throwing daggers at your Ex, the quicker the pain will be over.

Source: http://www.huffingtonpost.co.uk/adele-mccormack/divorce-with-dignity_b_9774360.html

7 reasons NOT to fight for money you’re owed from your ex

I got some of what the court ordered, but not all. At some point I stopped fighting, and not because I was weak or lazy. I let go of that money because it was the right thing to do.
Money is often cited as the No. 1 thing divorcing couples fight over. Financial disagreements clog the courts and wrack up attorney bills — not to mention burn untold units of stress and misery for each party, their children and anyone within earshot.
This money-related financial tension carries over after breakups and divorce. Often, women tell me that they can’t move forward with their lives because they are stuck financially because of money their ex owes. They can’t afford to go back to school and advance their career because there is no money for child care, or can’t get out of debt because he won’t pay.

He may very well owe you that money. Morally and legally, you may be entitled to it.
But sometimes you can be so right, you are wrong. After all, the average sum of child supported ordered monthly is less than $300, and total child support owed is actually paid just 40 percent of the time. What if you let that all go and focused on earning big, big money. I want ever woman to understand what it feels like to be financially independent. Only then do you truly step into your power, and live your life in the biggest, most authentic way possible.

6 SIGNS YOU SHOULD STOP FIGHTING YOUR EX FOR FINANCES

1. IT’S COSTING YOU MORE MONEY THAN YOU STAND TO RECEIVE IN A SETTLEMENT.
Life is not fair. There are laws designed to protect women and children in divorce, and there is also the universal law of what is just. But there is also the legal system, and it is messed up, unfair and is designed to support mainly the right. Unless you’re Elin Nordegren and Tiger Woods, there is often a very low threshold to cross before it stops making sense to spend money on lawyers to get what you are owed. Do the math. Then take a deep breath. Let the breath go. And let that money go, too.

2. YOU’RE FIGHTING FOR MONEY HE DOESN’T HAVE.
You can’t get blood from a stone, as the old adage goes. Sure, he may owe you tens of thousands of dollars in back child support. You could have the courts take his car and send him to jail. But if you honestly know that he doesn’t have that cash, do you really want to do that? Yes? What do you get in return?

3. YOU’RE BUILDING A LIFESTYLE AROUND SOMEONE ELSE’S MONEY — THAT YOU MAY NEVER GET.
When you create a budget based on money you get from someone else, you are dependent on them. This is never a good idea. For financial reasons, that money may never materialize — or suddenly disappear. Men’s child support and alimony doesn’t show up if he loses his job, becomes disabled and cannot work, dies, refuses to pay for whatever reason, or has another child and is allowed by the courts to pay less. Plus, don’t you just want to stop fighting and earn your own money? Doesn’t that sound really, really delicious — to never be dependent on him or another man again?

4. YOU’RE FIGHTING FOR MONEY IN DIVORCE OUT OF SPITE.
Anger and spite are normal. God knows I’ve spent a lot of time being pissed at my ex! But exuding all that negative energy to take revenge is not a good reason to fight for money — even if you’re entitled to it. Good reasons include providing a better life for yourself and your kids and/or because the money is genuinely yours.

5. HE NEEDS THE MONEY MORE THAN YOU DO.
Maybe each of your financial situations have changed. Maybe you have indeed moved on and are now killing it financially. Maybe he lost his job and is struggling. Maybe you’re both stable, but you see that the money in question could help him out a whole lot more than it could help you. And now that you’ve moved forward, and you are no longer spiteful and angry, you have the energy to do the right thing.

6. FIGHTING FOR MONEY IS EXHAUSTING AND BAD FOR THE KIDS.
Divorce is one of the most stressful, draining crises a person can go through. In many cases — especially if there are children and significant assets involved — it is worth taking your time with a good lawyer to negotiate a fair settlement. But until the mailman delivers the manilla envelope containing your sighed divorce decree, you will likely feel that your whole world is in limbo. Letting some stuff go moves everyone forward — including the kids.
After all, the more conflict between you and your ex, for whatever reason, means the children suffer at the hands of it. He might legally owe you, but sometimes you can be so right you’re wrong.

7. YOU HOLD YOURSELF BACK WHEN YOU FIGHT YOUR EX FOR MONEY.
Deepak Chopra tells us that human beings have infinite energy, and I accept that to be true. But we are also physical beings living in the real world, and a girl only has so much to go around.

When you are dependent on his money, you are dependent on HIM.Dependence is never healthy. It holds you back, keeps you embroiled in a romantic relationship that is over, with someone who you likely don’t care for much.

You have a choice: Spend your time, energy and power to fight with him, or invest that time and energy and power in yourself to earn far more money than he owes you from his 401(k). After all, when it comes to earning and building wealth, the sky is the limit!

MY MANTRA: THE BEST REVENGE IS LIVING WELL.

Source: https://www.wealthysinglemommy.com/6-reasons-fight-youre-owed-divorce/

Column: Shared Parenting is what's best for children

Jason McLean, an attorney with Gjesdahl Law in Fargo, penned a letter in Sunday's Forum regarding HB 1392, the shared parenting bill.

The bill reflects social science evidence, which finds that children's best interests are served when each fit, able and willing parent is involved at least 35 percent of the time with the children. The scientists who publish these outcomes stake their professional reputations on factual interpretation of research data.

The bill states the divorce/child custody process will begin with a presumption of 35-50 percent time with each parent, reflective of the best child outcome research. It's important to understand a presumption does not mean shared parenting is a requirement. The bill attends to situations in which this isn't in the children's best interests, as is written in current law.

McLean takes exception to the word presumption in the bill. Presumption, as defined in Webster's New World College Dictionary: "Law the inference that a fact exists, based on the proved existence of other facts." Seems like using scientific evidence, the children's benefits of spending at least 35 percent of the time with each parent, is a pretty good reference for "other facts."

Having recently witnessed the current divorce process, it is nearly perfectly designed to generate and encourage conflict between divorcing parents, and inflict emotional and financial harm to the parents. In this divorce case, once the process accomplished what it was designed to do, and attorneys and the parental investigator were finished, the two parents now co-parent very well, respectfully and courteously, with the children's best interests above all else. They do so despite the process, not because of it.

This bill changes the divorce focus to the children. In most cases, both parents are fit, able and willing. Divorcing couples will be directed away from battle, and encouraged to understand that each parent should be involved with the children. Attorneys, parental investigators and courts will be guided in the same direction. The incentive to initiate the divorce process with fault-finding and finger-pointing will be redirected to focusing on cooperative parenting. The emotional and financial costs of most divorces will be reduced.

Just as did McLean, I, too, would like to leave readers with two sets of numbers: 15-0 and 71-21. The House Judiciary Committee, having heard the for and against arguments for the bill, including McLean's against argument, recommended "Do Pass" 15-0. The full House of Representatives voted 71-21 to pass the bill. The members of these bodies understood this bill is for the children and the parents. Please lend support and inform your senator you understand that children fare best when both parents are involved.

Source: http://www.inforum.com/opinion/4226908-column-shared-parenting-whats-best-children

What Smart Women Do After Divorce

“Why do some women do well after divorce, while others get stuck?” a divorcing client asked me, confronting her worries head on. “I want to be happy again. I want to rely on myself and not be afraid of the future. I can’t make it without his support, but it’s tough being tied together for so many years through the kids and the money.”

Indeed, financial entanglement is a double-edged sword. Moving on is much harder for women (and men) who remain connected via a custody share, child support or alimony. How do you get closure when the contact and financial dependency continue? What’s the key to regaining your independence and confidence?

My answer is something most people already know, but nonetheless is the greatest challenge of divorce: You commit to being happy or commit to being right. The smartest women I know choose happiness, and this has been the key to rebuilding their life. I’ve observed five actions and attitudes these women adopted that made the difference in their recovery process. It’s never too late to start.

#1: No More “Woe Is Me” (ideally after the first year) 

Smart women make that mental shift from victim to survivor, and they take the necessary steps to get there fully.

By far the most important (and most difficult) step is to impose a statute of limitations on feeling sorry for yourself, even if the conflict is ongoing. The first year, it’s normal to dwell on the loss, to cry, grieve, vent to your family and friends about every last detail. But after that, even though you’re still raw, it’s important you make a deliberate mind shift from seeing yourself as a victim. Regardless of what your husband did or is still doing, you don’t want to make the pain of your divorce your identity and your calling card.

Your negative feelings won’t disappear miraculously, and of course this isn’t a one-time mind shift. Sadness and despair roll in when you least expect it. You’re not unusual (nor should you be embarrassed) if you need antidepressants for some period of time to get unstuck. Many women also find it beneficial to examine their feelings in a therapeutic setting, such as private therapy, a divorce support group, or counseling services from their church/synagogue. 

Friends can be a great resource, but don’t use them only as a sounding board for self-pity. If you’re hanging around a friend — divorced or otherwise — who spends her time man-bashing and telling you how you’ve been screwed, that friendship is keeping you stuck. Spend time (and connect online) with women who are upbeat and can be role models for moving forward with strength and optimism. Two blogs I like, created by women who did something constructive to deal with their divorce, are Chick Chain Walking Club and One Mom’s Battle. 

One client summed up her recovery process: “I developed the strength and discipline to give my victim feelings a shelf life ... I’d say to myself, ‘I get tonight to feel sad and then tomorrow it’s back to business.’” 

An added benefit of taking this step is you’ll be a role model for your children, especially a daughter, about how to recover from a life crisis.

#2: Accept the Economic Reality of Divorce

The smartest women come to terms with the reduced lifestyle they have after divorce. They reaffirm their priorities or commit to changing their lifestyle. They do not rely on their ex-husband as their long-term financial solution, nor do they see “finding another man” as the solution.

Unless you’re wealthy or a movie star, your economic level will decrease as a result of divorce. The same income that used to run one household is now running two. Women often don’t get paid the same as men for comparable work, and women’s careers are impacted by choosing to raise children — but these are facts, but not obstacles to happiness. Smart women deal with these realities in one of two ways: 

• They accept this reduction in lifestyle. Their joy comes from other things, like their children and the opportunity to be an involved parent or appreciation of their job and the flexibility it affords them even if it doesn’t pay as well as a high-paying career.

• If/when the timing is right, they make the decision to increase their earnings through their own means, such as a better job, increased hours, or additional education and training.

Either of these choices leads to greater peace and self-confidence.

#3: Develop a 10-Year Financial Plan 

Smart women take charge of their finances during and after divorce. They hire a financial planner or an accountant to review and organize their finances and map out spending and goals for the next decade. Although daunting at first, this step is immensely empowering.

Divorce may be the first time you’ve managed the family finances and planned for the future. Although it feels overwhelming, don’t stick your head in the sand with the naive hope that you’ll be able to make it forever on what you’re getting in support and assets (or that you’ll meet someone who will take care of you). 

First, educate yourself about financial planning through a book, seminar, or online resource. Second, find an expert (an accountant or financial planner) with whom you can review your finances and spending. (I strongly suggest you choose an expert who charges by the hour instead of on a commission basis.)

Looking at the economic reality is a wake-up call for most women. One client said after her meeting, “I quickly saw that I need to be much more thoughtful about how I use my assets and how I spend what I am getting in support. I’m now focused on my short-term goals — reducing my spending and finding ways to supplement my income — and my long-term goals of getting the kids through college and saving enough to have a dignified life in later years. I feel more in charge of my future and less anxious as a result.”

# 4: Repeat After Me: “I Cannot Change My Ex”

Smart women recognize they can’t change their ex-husband. They pick their battles, they let go of issues that don’t really matter or can’t be changed, and they accept with grace and maturity the general unpleasantness of an ongoing custody share — knowing this is just the reality of divorce.

It’s normal to want to have a say in how your ex behaves — particularly related to the kids. But save yourself the struggle. In a strange way, this step is about taking control of your inner life by letting go of outside control.

Sharing custody involves a lot of frustrations. The most common ones I hear from women are: he cancels or is late; he feeds the kids junk food; there are no limits at his house on TV, video games or computer; he buys them toys/electronics you said no to, instead of buying the shoes and school clothes they need; he gripes about expenditures for the kids’ extracurricular; he lets them stay up past their bedtime; he doesn’t return their clothing or returns everything dirty; he doesn’t make the kids do chores, so they complain when you enforce this rule at your house; he has joint custody but you still have to take the lead on doctor and dentist appointments, school, homework, extracurricular activities and sports.

Is this behavior fair or considerate? No. Is it worth getting upset over? No. Unless he is abusing the kids or repeatedly not showing up, you can’t generally control these kinds of actions. It’s a costly endeavor to try.

I’m not saying smart women allow themselves to be doormats — they definitely don’t. Sometimes you have to put on the business hat and confront an issue with your ex. Sometimes legal action is required. Be sure the issue warrants it and has a good probability of resulting in change. And work to let go of the rest. 

#5: Focus on the Future, Commit to Growth and Introspection, And
Build a Relationship with Yourself

Smart women channel their energies post-divorce into examining their life, their goals, their mistakes and how they can learn from the past. Instead of jumping into another serious relationship (or spending their time complaining about their ex), they focus on their own life issues. They redefine their priorities and discover what’s meaningful to them. They mature fully into themselves as women whose identity is not tied to the role of mother or wife.

We’ve seen this or been there ourselves — how men and women “lose themselves” in marriage. For many women, their identity becomes tied to their husband or children early on, and so when the marriage ends and these roles are lost or diminished, the woman feels unsure of who she is. This is one reason divorce can be a real moment of crisis.

The smartest women I’ve observed use their divorce as an opportunity for growth and maturity. They take inventory of their life, mistakes and all, and devote time and energy to discovering who they are and what they want for their future. This process takes time, patience and dedication, but in the end, these women are able to put their divorce behind them. They go on to be centered, stable, self-assured, capable women who find the happiness they felt they had lost. In fact, when I asked these women if they could turn back the clock and stay married, the answer was overwhelmingly a heartfelt “no” — they would never go back, even with all of the known challenges. 

What would be on your list for recovery?

Source: http://www.huffingtonpost.com/alison-patton/what-smart-women-do-after_b_1307356.html

8 financial tips for men getting a divorce

In TV shows and movies, the typical divorce narrative is to portray women as celebrated victims. Meanwhile, men are depicted as silent sufferers who feel resentment, anger, depression and fear over lingering financial issues, relationship turmoil and worries over breaking up their families.

Off camera, the truth is that men don't always have the tools — or the support — to deal with these very real concerns.

"Divorce is difficult for everyone involved, but it can be especially challenging for men who don't typically express their feelings," says David Blaylock, a LearnVest Planning Services certified financial planner™. "They want to keep their divorces private — and that's not a good policy. You want a support system in place, just like any other major life change."

Sure, the old adage is true: Time heals all wounds. But good advice helps too. The more men know about what to expect when they're dissolving their marriages, the easier the process can be. So we consulted Bari Zell Weinberger, a matrimonial attorney at Weinberger Law Group, as well as Blaylock, for the key dos and don'ts of what men need to know about the financial side of divorce.

1. Do know the numbers

For an average divorce, Weinberger says you should expect to pay about no less than $20,000, which includes lawyers and experts, real estate costs to divvy up shared marital property, finding a second place for you to live, as well as financial advice and therapy for you or your children.

That said, the cost of a divorce can still vary — and widely.

For instance, says Weinberger, the price can increase exponentially if your divorce requires niche experts, like a forensic accountant or a co-parenting counselor. Other pricey scenarios: You need to get your business evaluated (your ex is entitled to equitable distribution if you launched the business during the marriage, and even if you started your business before you were married, a spouse may be entitled to part of the increase in the business's value), you have high net worth and need a best-interest evaluation or you're facing a hotly contested custody battle with your soon-to-be ex. All of these situations could bump the price of your divorce up to the $50,000 to $100,000 range, and in some cases much more, Weinberger estimates.

However, adds Weinberger, if a man comes to her office with a straightforward divorce — where all the terms have already been decided, and communication is open between the partners — then the cost could be as low as $3,500. In fact, if you have a particularly simple situation, with no minor children or unusual financial circumstances, a divorce can run less than $500, with filing fees, Blaylock adds.

According to Weinberger, one other crucial element that men — and women — who are parents should think about if they're embroiled in extreme litigation: The more money you spend on your divorce, the less money you have to give your kids. "You're taking your children's [college] education savings," she says, "and you're kissing one semester goodbye."

2. Don't be too proud to pay alimony…

Alimony offers monetary help to the spouse who was supported financially during the marriage — especially if one parent left the workforce to focus on the family for a long period of time. Spouses usually provide alimony in one of three different ways, depending on state laws: As a lump sum, in regular payments, or in another predetermined arrangement — say, if you cut a check to a third party to pay an ex's mortgage. (It's also important to note that alimony is separate from child support.)

But the impact of alimony isn't just financial — there's also a psychological component. Men may feel that a former spouse doesn't deserve to receive "free" income based on their hard work. Weinberger notes that many of her clients are resistant to paying because no one — man or woman — wants to have to write out a check to an ex.

Weinberger's advice? "While no one wants to pay alimony, if we're working out a global package, then it could make sense from a tax perspective," she explains, adding that alimony is tax-deductible. (Just be sure to file a separate tax return using a 1040 form.)

3. …And don't be too proud to collect alimony

If a woman is making more than her spouse or if the father is a stay-at-home parent while the mother works, then the ex-husband could be entitled to receive alimony. According to the American Academy of Matrimonial Lawyers, 56 percent of divorce lawyers have seen an increase in mothers paying child support, and 47 percent have seen more women paying alimony, as well.

But being an alimony recipient can sometimes bring about feelings of insecurity, notes Weinberger. "I have men who say, 'How is the community going to look at me?'" she says. "I tell them that they're entitled. If they're a stay-at-home dad or there is a large discrepancy in income, they should receive it."

4. Do create a post-divorce life budget

When a man going through a divorce comes to David for financial planning advice, he sits him down to talk logistics. "We try to make a budget for his new life," Blaylock says. According to Blaylock, men typically think about the money that they'll have to pay upfront for divorce-related expenses — the actual divorce, child support, alimony — but forget that everyday expenses are going to change once they're newly single.

For example, if you have joint custody, you'll need things like clothes and toys so your kids can live comfortably in your house. Some co-parenting experts say that many kids who split the week between moms and dads actually prefer to have all of the items they need at each house, so they don't lose anything in the transfer.

5. Do divide things equally

A half-half split is easier said than done — just because you're getting divorced doesn't mean that you won't still feel tremendous attachment to your ex. Because of this, says Blaylock, many men (and women) cave to lopsided agreements — and this is often the case with men who are used to taking care of a spouse financially.

"A lot of men want to continue that role, even though they no longer have that obligation," says Blaylock. "I just had a best friend go through this issue. He gave her everything, much to his financial detriment." Dividing your property — furniture, artwork, camping gear, music equipment — should be done in a way so that you don't end up with resentments or regrets. 

It's O.K. not to let your ex have it all.

6. Do look into alternative child support solutions

Typically, child support covers basic necessities — food, clothing, shelter. Depending on how you arrange your settlement, it may also include uninsured medical expenses, educational fees, child care, transportation, travel, entertainment, college and extracurricular activities. Many arguments can erupt between ex-spouses over managing these costs.

"Children are expensive," says Weinberger. And, unfortunately, all of those expenses may be tough, if not impossible, to itemize. "It's never going to work out that Dad is going to feel secure that the child support is going to be applied directly to the child," she explains. "I have so many dads who want everything identified with invoices, slips and statements. And they're not going to get them."

That's why Weinberger advises her clients to come up with what she calls "hybrid" solutions. For instance, if you can pay a service provider directly, like a child-care provider, then you can avoid fighting over the money. One father I know, Weinberg recalls, even prepaid medical providers, as well as contributed to the mother's share of their 529 plan.

7. Do set up a cellular plan

For children who are old enough, buy them a cell phone that's designated for the sole purpose of contacting you. Call it the "Dad Phone," and ask your ex to leave it in a spot where your child can always find it. Adding an additional line to your plan should be relatively inexpensive, though the cost will vary depending on your provider and whether or not you opt for a pricier smart phone.

8. Don't make impulsive financial decisions

"Divorce is more like death than you can ever imagine," says Blaylock. "It's O.K. to be emotional. It's O.K. to be hurt. It's O.K. to grieve." This is precisely why Blaylock urges men to treat their divorces with a sense of gravity — and not make any major financial decisions for six to 12 months. Don't switch jobs. Don't move to a new city. "Hold status quo in your life," he says, "as you deal with this adjustment."

Source: http://theweek.com/articles/459477/8-financial-tips-men-getting-divorce

7 Financial Management Tips For Anyone Who Just Went Through A Divorce

A divorce is painful, that’s a given. And anybody who has gone through a divorce would admit that if there were anything that would have kept their marriages off a divorce court, they would have readily done it. Divorce obviously affects the children in the union negatively. But apart from that, it affects the couple emotionally, psychologically, mentally and of course, financially.

Yes, divorce hurts the finance and leaves too many loopholes to be filled. Everyone wants a break after a drawn out litigation battle; a break from lawyers and dates and paperwork. But there are still a few things to be done if you want to breathe easy after a divorce.
Life is never really the same after one is freshly single and there will always be those things that remind you of the good times and the bad times you had with your ex, moving on becomes a little difficult, but move on you must! So here are a few tips that could be very helpful to get you to move on while securing your finance as well:

1. Revisit Your Insurance Broker

Contact your insurance broker and update your umbrella liability coverage. Screen Your list of assets scheduled on your homeowner’s policy and screen out the things your spouse received in the divorce also screen them out if they were sold. There is no sense in paying insurance premiums for assets you do not own.

2. Apply for a new credit card

Depending on your situation, it may make sense to apply for new credit cards before you cancel joint accounts. Especially if you have marginal credit and don’t have an emergency reserve of cash.

While credit cards are generally not very good financial helpers, comparing its downsides to what can happen in the short-term if someone does not have sufficient funds to cover their core bills can make it not only desirable, but a priority. A Credit card can provide a temporary bridge fund for you while you get on your feet after a divorce.
Again, you need to make a list of the accounts you had while married, and seek to replace them as soon as possible; Savings accounts, Investment accounts etc.

3. Re-title Your Assets

If you owned any assets jointly with your spouse and that asset was retained by you or received by you in the divorce settlement then you need to re-title them. For instance if you owned your house in a trust with your spouse, you’ll want to re-title it in your name personally or in the name of a new living trust you create.

4. Get familiar with Your Investments

This will apply where your spouse handled the investing, there may now be things you own that you aren’t familiar with or that perhaps aren’t right for you.

You need to do a deep analysis of all your investments to see if it is prudent and beneficial to you financially at the present. Sell off investments that will not help you and retain those that are potentially or presently rewarding.

5. Sell Off Some Valuables and Move On

This tip is reasonable not just because it makes financial sense, but because it also helps you move on while securing your financial future. There might be a few things that you owned jointly that you may need to sell off even if they have or had sentimental value. Resources like Worthy.com makes selling off such valuables more reasonable by giving you a financial advantage.

There are also a few suggestions about what to do with your engagement ring after a divorce for instance, especially if it is the kind of ring either of the Kardashian sisters received which was worth thousands of dollars! You may need to think of selling it and moving on.

6. Consider Moving

Moving from a family house is often an emotional decision, but deciding not to move on the basis of sentiment is “...often the beginning of a very difficult situation because it costs a lot of money and the house is not liquid,” says Pilz.

Since you’ll have to pay for this home with one person’s income, if your budget’s tight, moving to a less expensive home or renting may be a good option to consider. You need to approach it as an investment asset, and you need to make decisions from that context as well

7. Get a new everything

In addition to getting a new account, you might need to make a number of other changes. Divorces can mess up your finance and you will need to re-evaluate your finances in general; what comes in and goes out and what are assets and liabilities, what taxes you now qualify to pay.

You may need to change your will, get a new filing system, and perhaps even get a new name if that will help you sleep better at night.

The point is that a divorce is a major (and sometimes devastating) life change and the earlier and faster you can get back up and on track, the better for you.

Source: http://www.huffingtonpost.com/toby-nwazor/7-financial-management-tips-for-anyone-who-just-went-through-a-divorce_b_10373494.html

The Four Divorce Alternatives

No two marriages are the same, and so it only follows that no two divorces will be the same, either.

In fact, if you’re a woman who’s contemplating divorce, you have several options about how to proceed. In general terms, you need to consider four broad categories of divorce alternatives: Do-It-Yourself (DIY), Mediation, Collaborative and Litigation. Let’s take a look at the pros and cons of each one.

Do-It-Yourself Divorce

The best advice I can give you about Do-It-Yourself Divorce, is DON’TDo-It-Yourself!
Divorce is very complicated, both legally and financially. You can easily make mistakes, and often those mistakes are irreversible. The only scenario I can envision when a Do-It-Yourself divorce may make any possible sense, might be in a case where the marriage lasted only two or three years and there are no children, little or no assets/debts to be divided, comparable incomes and no alimony. In a case like that, a Do-It-Yourself divorce could be accomplished quite quickly and inexpensively. Nevertheless, I would still highly recommend that each party have their own separate attorney review the final documents.

Mediation

In divorce mediation, a divorcing couple works with a neutral mediator who helps both parties come to an agreement on all aspects of their divorce. The mediator may or may not be a lawyer, but he/she must be extremely well-versed in divorce and family law. In addition, it is critical for the mediator to be neutral and not advocate for either party. Both parties still need to consult with their own, individual attorneys during the mediation and prior to signing the final divorce settlement agreement.
Here are a few pros and cons to consider before deciding if mediation will work for you.
On the “pro” side, divorce mediation may:

• Result in a better long-term relationship with your ex-husband since you will not “fight” in court.
• Be easier on children since the divorce proceedings may be more peaceful.
• Expedite an agreement.
• Reduce expenses.
• Help you stay in control of your divorce because you are making the decisions (and the court isn’t).
• Allow for more discretion. Mediation is private; litigated divorce is public.

However, on the “con” side, divorce mediation may also:

• Waste time and money. If negotiations fail, you’ll need to start all over.
• Be incomplete or unduly favorable to one spouse. If the mediator is inexperienced or biased towards your husband, the outcome could be unfavorable for you.
• Result in an unenforceable agreement. A mediation agreement that’s lopsided or poorly drafted can be challenged.
• Lead to legal complications. Any issue of law will still need to be ruled upon by the court.
• Fail to uncover certain assets. Since all financial information is voluntarily disclosed and there is no subpoena of records, your husband could potentially hide assets/income.
• Reinforce unhealthy behavior patterns. If one spouse is dominating and the other is submissive, the final settlement may not be fair.
• Fuel emotions. Mediation could increase negative behavior of a spouse with a propensity for physical/mental or drugs/alcohol abuse.

Couples often hear about the wonders of mediation and how it is reportedly a better, less contentious, less expensive and more “dignified” way to get a divorce. However, my biggest problem with mediation is that the sole role and goal of the mediator is to get the parties to come to an agreement --any agreement! Remember, the mediator cannot give any advice. All they can do is try to get you to agree. Unfortunately, not all agreements are good agreements, and in fact, in many cases, no agreement is better than a bad agreement. So unless both parties can be fairly reasonable and amicable (and if they can be, why are they getting divorced???), I believe that mediation is usually not a viable option for most women.

Collaborative Divorce

Simply put, collaborative divorce occurs when a couple agrees to work out a divorce settlement without going to court.

During a collaborative divorce both you and your husband will each hire an attorney who has been trained in the collaborative divorce process. The role of the attorneys in a collaborative divorce is quite different than in a traditional divorce. Each attorney advises and assists their client in negotiating a settlement agreement. You will meet with your attorney separately and you and your attorney will also meet with your husband and his attorney. The collaborative process may also involve other neutral professionals such as a divorce financial planner who will help both of you work through your financial issues and a coach or therapist who can help guide both of you through child custody and other emotionally charged issues.

In the collaborative process, you, your husband and your respective attorneys all must sign an agreement that requires that both attorneys withdraw from the case if a settlement is not reached and/or if litigation is threatened. If this happens, both you and your husband must start all over again and find new attorneys. Neither party can use the same attorneys again!
Even if the collaborative process is successful, you will usually have to appear in family court so a judge can sign the agreement. But the legal process can be much quicker and less expensive than traditional litigation if the collaborative process works.

Unfortunately, though, I have found that the collaborative method often doesn’t work well to settle divorces involving complicated financial situations or when there are significant assets. In collaborative divorce, just as in mediation, all financial information (income, assets and liabilities) is disclosed voluntarily. Often the husband controls the “purse strings,” and the wife is generally unaware of the details of their financial situation. When this kind of inequality exists, the door is often wide open for the husband to hide assets. What’s more, many high net worth divorces involve businesses and professional practices where it is relatively easy to hide assets and income. Additionally, the issue of valuation can be quite contentious.

So . . . as a general rule, my recommendation is this:

Do NOT use any of these first three options --Do-It-Yourself Divorce, Mediation or Collaborative Divorce -- if:

• You suspect your husband is hiding assets/income.
• Your husband is domineering, and you have trouble speaking up or you’re afraid to voice your opinions.
• There is a history or threat of domestic violence (physical and/or mental) towards you and/or your children.
• You or your husband has a drug/alcohol addiction.

Litigated Divorce

The fourth divorce option is the most common. These days, the majority of divorcing couples choose the “traditional” model of litigated divorce.

Keep in mind, though, “litigated” does not mean the divorce ends up in court. In fact, the vast majority of all divorce cases (more than 95 percent) reach an out-of-court settlement agreement. “Litigation” is a legal term meaning 'carrying out a lawsuit.'

Why are lawsuits a part of divorce? Because contrary to popular belief, divorce usually does not involve two people mutually agreeing to end their marriage. In 80 percent of cases, the decision to divorce is unilateral –one party wants the divorce and the other does not. That, by its very nature, creates an adversarial situation right from the start and often disqualifies mediation and collaborative divorce, since both methods rely on the full cooperation of both parties and the voluntary disclosure of all financial information.

Clearly, if you are starting out with an adversarial and highly emotionally charged situation, the chances are very high that collaboration or mediation might fail. Why take the risk of going those routes when odds are they might fail, wasting your time and money?

The most important and most difficult parts of any divorce are coming to an agreement on child custody, division of assets and liabilities and alimony payments (how much and for how long). Although you want your attorney to be a highly skilled negotiator, you don’t want someone who is overly combative, ready to fight over anything and everything. An overly contentious approach will not only prolong the pain and substantially increase your legal fees, it will also be emotionally detrimental to everyone involved, especially the children.

Remember: Most divorce attorneys (or at least the ones I would recommend) will always strive to come to a reasonable settlement with the other party. But if they can’t come to a reasonable settlement or if the other party is completely unreasonable then, unfortunately, going to court, or threatening to do so, might be the only way to resolve these issues.

If you have tried everything else, and you do end up in court, things can get really nasty and hostile. Up until that point both attorneys were “negotiators,” trying to get the parties to compromise and come to some reasonable resolution. But once in court, the role of each attorney changes. Negotiations and compromise move to the back burner. Their new job is to “win” and get the best possible outcome for their client.

And don’t forget, once you’re in court, it’s a judge who knows very little about you and your family that will make the final decisions about your children, your property, your money and how you live your life. That’s a very big risk for both parties to take –and that’s also why the threat of going to court is usually such a good deterrent.

Here’s my last word of advice about divorce alternatives: Weigh divorce options carefully. The bottom line is that every family, and every divorce, is different. Obviously, if you are able to work with your husband to make decisions and both of you are honest and reasonable, then mediation or the collaborative method may be best. But, if you have doubts, it is good to be ready with “Plan B” which would be the litigated divorce.

Source: https://www.forbes.com/sites/jefflanders/2012/04/24/the-four-divorce-alternatives/#3311d49120ae

3 Reasons to Wait for Your Divorce to Be Finalized Before Dating

Regardless of your family situation, when you're in the middle of finalizing divorce procedures, you may feel the urge to start seeing someone else in order to move on with your life. Despite the fact that this is a completely understandable and normal way of moving on from a difficult relationship, problems may arise if things have yet to be completed.

Often, you’ll hear advice that counsels spouses to avoid dating until the divorce is complete. This advice may be difficult to follow, especially when normal feelings of loneliness surface or you end up meeting someone who creates a spark that you haven’t felt in a while. Unfortunately, the legal system is obliged to uphold the letter of the law, which means that courts are far less interested in the spirit of the law. As a result, it’s often best to wait until things are over before beginning to date again.

1. Dating Is Easily Misconstrued as Adultery

Depending on the nature of your divorce proceedings, including the jurisdiction in which you file your motion, the legal application of the concept of adultery could end up having a huge impact on your divorce. Depending on these variables, you may be in a situation where the law allows for special considerations when adultery enters the a divorce.

If the judge believes that one partner has been unfaithful, the court may end up deciding to place more of the onus of the divorce on your behavior instead of your spouse, leading to an inordinate amount of blame pointing to you for the breakup of the relationship.

In the event this happens, probabilities dictate that you will end up having to pay more alimony or receive less spousal support than if you weren’t seen to be conducting your personal affairs in a way that may be considered adultery.

The worst case scenario tends to occur when a spouse unsuccessfully attempts to hide a dating relationship from their former partner, which is likely to create significant problems during your divorce. Even worse, email, text messages, phone calls, and all communication activities may easily be tracked and brought to the forefront, making your case look even worse in the eyes of the court.

Even if your divorce is a relatively amicable split, your ex-spouse may use this fact against you in order to make sure that their interests are protected.

2. May Increase the Cost and Length of Divorce Proceedings

Since adultery can be considered a concern in the eyes of the court, anytime someone is dating another during the proceedings of a divorce, suspicion may be raised by the other party in terms of when the relationship started, and whether or not this relationship was part of the cause of the divorce. This can lead to incredibly awkward situations for all involved, leading to additional costs and time spent arguing in the courtroom.

Your new partner may actually be called to the stand to legally testify the facts, including issues such as the first time that the both of you went on a date and the first time that sexual intercourse took place in the new dating relationship. Other revelations may be pushed to the forefront, revealing your spending habits towards your new date and the activities that the two of you partake in.

All of these complications may pop up anytime you’re dating during a divorce, even if you and your date have done everything in an honest and open manner. In legal terms, your behavior may not be seen under the same innocent light. Even holding hands with a date after going to a movie may be presented as proof of unfaithfulness in marriage, twisting something positive and normal into a negative headache.

In addition to financial penalties, if your new dating relationship is deemed to be inappropriate, the custody rights you have for your children may also be permanently affected. In this scenario, simply introducing your new date to your kids may be considered an act that is contrary to maintaining a positive atmosphere for your children.

It should be repeated that even if your children and ex-spouse are completely comfortable with their parents dating other people during the case, the divorce court may still interpret your personal behavior as something that negatively affects the happiness and growth of your children. This leads to a greater probability of restricted visiting rights and other  restraints on your ability to see and parent your kids.

3. Zero Chance of Legal Repercussions After Full Separation

Considering the fact that divorce proceedings can range from simple and amicable to complex and adversarial at a moment’s notice, it’s always a good idea to avoid complications during the divorce. The more variables that are added to the case, the longer and costlier that the potential outcome will be. As such, the best reason to wait until your divorce is finalized is simply the fact that you cannot suffer legal repercussions for dating after divorce.

When you and your spouse are fully separated with monetary and filial concerns worked out to a reasonable and satisfactory solution, you’re completely free to date whomever you want, whenever you want, without having to worry about how it will affect the rest of your life.

The fact that your new partner can be dragged into court to testify against you should be enough to convince you that it’s a terrible idea, even if you’re not worried about the financial outcome or custody of kids after the divorce.

Resist the Urge to Date While Divorcing

Most people are completely understanding when it comes to dating while you’re undergoing a divorce, recognizing the simple fact that human beings need companionship, often more so when going through one of the most stressful events that a person may experience. The truth is that the legal divorce system is rarely capable of processing this type of nuance when it comes to interpersonal relationships.

As a result, the amount of trouble that you may potentially experience multiplies when you date during proceedings. Not only can your entire case be considered in a completely new and unfavorable light, but you also risk severe monetary penalties as well as a reduction in your custody rights.

If at all possible, wait until your papers are completely settled before looking to heal a wounded heart through the love of another.

Source: https://www.divorcemag.com/articles/reasons-to-wait-for-your-divorce-to-be-finalized-before-dating/

Dating During Divorce

You may think that you're free to start a new relationship once you've made the decision to separate or divorce, but it's wise not to jump back into the dating pool until after your divorce is finalized. Here's why.

If you’re thinking about dating before your divorce is final – DON’T! You may think that you’re free to start a new relationship once the decision is made to separate or divorce, but it is wise to hold off on the dating scene until after your divorce is finalized for a number of strategic legal and emotional reasons.

Strategic Reasons not to Date Before Divorce

Emotions are raw during a divorce. When you start seeing someone else, it is like rubbing salt into your husband’s wounds. Believe me, he will likely react to the fact that you are dating by making your life hell during the divorce process. He may seek revenge to compensate for the anger, hurt, and embarrassment that he feels you have caused him.
Even if your husband has carried on numerous affairs during your marriage, he will not think that you are justified in seeing someone new at this time. All he will focus on is that he has been wronged and will want to seek justice anyway he can. He may try to even the score by fighting about custody of the children or how to split the marital estate.

If you have children, then you also need to realize that it’s in your best interest to try to keep a cordial relationship with your husband. You will most likely have ongoing contact with your husband after the divorce because of the children. Dating during your divorce can poison the spirit of cooperation and affect your life for a long time after the divorce is final (and possibly after your boyfriend is history).

Legal Reasons not to Date Before Divorce

As far as the courts are concerned, you are still legally married until the divorce is finalized. In states that recognize fault in a divorce case, dating during your divorce can be viewed as adultery. This can affect the outcome of your divorce as far as child custody and visitation, spousal support, and the eventual property settlement.

Even if you have been separated from your husband for a while, dating during your divorce can be used to help prove marital misconduct during your marriage. It can look like you have questionable morals, even if you were the perfect wife during your marriage.
If you Date, Your Boyfriend may be Open to Scrutiny

To top it off, a really vindictive husband might consider suing your boyfriend for alienation of affection. This will put your boyfriend smack-dab in the middle of your divorce, which is a quick way to put a damper on your new relationship.

You need to be especially careful if you have children from your marriage. Not only will both you and your husband’s conduct be scrutinized during a custody case, but also so will be the conduct of your boyfriend. If he has a shady background, it will be used against you.
Any person who has frequent contact with your children can become part of a custody investigation. If there are past issues of domestic violence or charges of sexual misconduct (proven or not), it will have repercussions in your divorce.

Living with Someone can Impact the Level of Support Ordered

Another consideration that you should think about if you are considering living with your boyfriend is that it will affect the level of support you may eventually receive. Even if you ultimately get custody of your children, child support levels may be lowered because you are living with someone and sharing the expenses.

It can also have a big impact on whether or not you will receive alimony and how much you receive. This can even apply to temporary support order, because once again, you are sharing the expenses with someone else. It would be a shame to forfeit your future support on a relationship that may not last.

The bottom line is that if you date during your divorce, you are giving your husband a big advantage. Don’t sacrifice your future on a new relationship. Wait until after the divorce is finalized before you start to date.

Emotional Reasons not to Date During Divorce

When you are separated or going through a divorce, the attention that a boyfriend shows you can feel like a breath of fresh air and boost your self-esteem. While he may serve as a distraction and help you avoid some of the pain of your divorce, you will eventually need to face those emotions.

While it feels good to be needed and wanted, it’s unlikely that you’re emotionally ready to deal with a new relationship. You will still have to deal with all the issues that caused the breakup of your marriage and make peace with the fact that it’s really over.

A new relationship at this time is not going to be based on the real you. Imagine how differently you will act when you are not under extreme stress and when your life is more stable. You need time to discover that you can make it on your own without a man to support you emotionally or financially.

What if He Really is the One for You?

When you are going through a divorce, you’re usually not in a mental state to make permanent choices. Studies have shown that the first relationship that a person enters into after a divorce has little chance of long-term survival and will rarely end in marriage.

So what should you do if you believe that this new man is the one you should have married in the first place? Make life easier on you and him both by postponing the relationship until the divorce is finalised.

If he truly is as special as you think, then he will be willing to wait. Once all the papers are signed, you can resume the relationship and see if it still feels the same. If it doesn’t, you have saved both of you a lot of heartache.

What if you are determined to continue the relationship anyway? I would seriously recommend talking with your lawyer. Your relationship might not have much bearing if you have had a long separation from your husband, don’t live in a fault state, and your divorce is uncontested. Even then, follow your lawyer’s suggestions and keep the relationship under wraps and out of the public eye. Even though it may seem like your divorce is taking forever, you owe it to yourself to not stir up the dust.

Source: https://www.divorcemag.com/articles/dating-during-divorce/

8 financial tips for men getting a divorce

In TV shows and movies, the typical divorce narrative is to portray women as celebrated victims. Meanwhile, men are depicted as silent sufferers who feel resentment, anger, depression and fear over lingering financial issues, relationship turmoil and worries over breaking up their families.

Off camera, the truth is that men don't always have the tools — or the support — to deal with these very real concerns.

"Divorce is difficult for everyone involved, but it can be especially challenging for men who don't typically express their feelings," says David Blaylock, a LearnVest Planning Services certified financial planner™. "They want to keep their divorces private — and that's not a good policy. You want a support system in place, just like any other major life change."

Sure, the old adage is true: Time heals all wounds. But good advice helps too. The more men know about what to expect when they're dissolving their marriages, the easier the process can be. So we consulted Bari Zell Weinberger, a matrimonial attorney at Weinberger Law Group, as well as Blaylock, for the key dos and don'ts of what men need to know about the financial side of divorce.

1. Do know the numbers
For an average divorce, Weinberger says you should expect to pay about no less than $20,000, which includes lawyers and experts, real estate costs to divvy up shared marital property, finding a second place for you to live, as well as financial advice and therapy for you or your children.

That said, the cost of a divorce can still vary — and widely.

For instance, says Weinberger, the price can increase exponentially if your divorce requires niche experts, like a forensic accountant or a co-parenting counselor. Other pricey scenarios: You need to get your business evaluated (your ex is entitled to equitable distribution if you launched the business during the marriage, and even if you started your business before you were married, a spouse may be entitled to part of the increase in the business's value), you have high net worth and need a best-interest evaluation or you're facing a hotly contested custody battle with your soon-to-be ex. All of these situations could bump the price of your divorce up to the $50,000 to $100,000 range, and in some cases much more, Weinberger estimates.

However, adds Weinberger, if a man comes to her office with a straightforward divorce — where all the terms have already been decided, and communication is open between the partners — then the cost could be as low as $3,500. In fact, if you have a particularly simple situation, with no minor children or unusual financial circumstances, a divorce can run less than $500, with filing fees, Blaylock adds.

According to Weinberger, one other crucial element that men — and women — who are parents should think about if they're embroiled in extreme litigation: The more money you spend on your divorce, the less money you have to give your kids. "You're taking your children's [college] education savings," she says, "and you're kissing one semester goodbye."

2. Don't be too proud to pay alimony…
Alimony offers monetary help to the spouse who was supported financially during the marriage — especially if one parent left the workforce to focus on the family for a long period of time. Spouses usually provide alimony in one of three different ways, depending on state laws: As a lump sum, in regular payments, or in another predetermined arrangement — say, if you cut a check to a third party to pay an ex's mortgage. (It's also important to note that alimony is separate from child support.)

But the impact of alimony isn't just financial — there's also a psychological component. Men may feel that a former spouse doesn't deserve to receive "free" income based on their hard work. Weinberger notes that many of her clients are resistant to paying because no one — man or woman — wants to have to write out a check to an ex.

Weinberger's advice? "While no one wants to pay alimony, if we're working out a global package, then it could make sense from a tax perspective," she explains, adding that alimony is tax-deductible. (Just be sure to file a separate tax return using a 1040 form.)

3. …And don't be too proud to collect alimony
If a woman is making more than her spouse or if the father is a stay-at-home parent while the mother works, then the ex-husband could be entitled to receive alimony. According to the American Academy of Matrimonial Lawyers, 56 percent of divorce lawyers have seen an increase in mothers paying child support, and 47 percent have seen more women paying alimony, as well.

But being an alimony recipient can sometimes bring about feelings of insecurity, notes Weinberger. "I have men who say, 'How is the community going to look at me?'" she says. "I tell them that they're entitled. If they're a stay-at-home dad or there is a large discrepancy in income, they should receive it."

4. Do create a post-divorce life budget
When a man going through a divorce comes to David for financial planning advice, he sits him down to talk logistics. "We try to make a budget for his new life," Blaylock says. According to Blaylock, men typically think about the money that they'll have to pay upfront for divorce-related expenses — the actual divorce, child support, alimony — but forget that everyday expenses are going to change once they're newly single.

For example, if you have joint custody, you'll need things like clothes and toys so your kids can live comfortably in your house. Some co-parenting experts say that many kids who split the week between moms and dads actually prefer to have all of the items they need at each house, so they don't lose anything in the transfer.

5. Do divide things equally
A half-half split is easier said than done — just because you're getting divorced doesn't mean that you won't still feel tremendous attachment to your ex. Because of this, says Blaylock, many men (and women) cave to lopsided agreements — and this is often the case with men who are used to taking care of a spouse financially.

"A lot of men want to continue that role, even though they no longer have that obligation," says Blaylock. "I just had a best friend go through this issue. He gave her everything, much to his financial detriment." Dividing your property — furniture, artwork, camping gear, music equipment — should be done in a way so that you don't end up with resentments or regrets. It's O.K. not to let your ex have it all.

6. Do look into alternative child support solutions
Typically, child support covers basic necessities — food, clothing, shelter. Depending on how you arrange your settlement, it may also include uninsured medical expenses, educational fees, child care, transportation, travel, entertainment, college and extracurricular activities. Many arguments can erupt between ex-spouses over managing these costs.

"Children are expensive," says Weinberger. And, unfortunately, all of those expenses may be tough, if not impossible, to itemize. "It's never going to work out that Dad is going to feel secure that the child support is going to be applied directly to the child," she explains. "I have so many dads who want everything identified with invoices, slips and statements. And they're not going to get them."

That's why Weinberger advises her clients to come up with what she calls "hybrid" solutions. For instance, if you can pay a service provider directly, like a child-care provider, then you can avoid fighting over the money. One father I know, Weinberg recalls, even prepaid medical providers, as well as contributed to the mother's share of their 529 plan.

7. Do set up a cellular plan
For children who are old enough, buy them a cell phone that's designated for the sole purpose of contacting you. Call it the "Dad Phone," and ask your ex to leave it in a spot where your child can always find it. Adding an additional line to your plan should be relatively inexpensive, though the cost will vary depending on your provider and whether or not you opt for a pricier smart phone.

8. Don't make impulsive financial decisions
"Divorce is more like death than you can ever imagine," says Blaylock. "It's O.K. to be emotional. It's O.K. to be hurt. It's O.K. to grieve." This is precisely why Blaylock urges men to treat their divorces with a sense of gravity — and not make any major financial decisions for six to 12 months. Don't switch jobs. Don't move to a new city. "Hold status quo in your life," he says, "as you deal with this adjustment."

Source: http://theweek.com/articles/459477/8-financial-tips-men-getting-divorce