Divorce feels as though everything you thought you knew about your life and your future is suddenly flipped upside down. It can be a struggle to make sense of the pieces that remain.
As we get firmly settled into this new Millennium, one trend has firmly settled in with us: Baby Boomers divorcing at double the rate from the late 20th Century. As our life expectancies continue to increase, our attitudes about divorce continue to evolve.
You’re in that final stretch of the divorce, you can see the finish line ahead, you’ve reached a settlement agreement with your spouse, just then, your attorney or mediator turns to you and says, “Now you will need a QDRO and that’s going to be an additional cost.” “Wait, what? What the heck is a QDRO?”
For most people, the divorce process is emotionally draining and mentally exhausting. Many people describe it as a time of being frozen, numb or moving in slow motions. Despite that emotional and mental trauma, you will be expected to go through your finances with a fine-tooth comb to ensure that your settlement agreement is fair and equitable. With a divorce brain, that’s easier said than done!
When the divorce settlement or separation agreement involves refinancing the marital home, understanding that not all refinances are equal and what your options are can help alleviate some of the frustrations involved.
In many divorce situations, one of the most important and emotional decisions is which party will keep the marital home. In some cases, both parties agree to sell the home and divide the equity. In other cases, one spouse decides to keep the home and ...
One of the main issues to consider early in the mediation process is what to do with the family residence. Often one party wishes to buy out the other’s equity in the property. Before any agreements can be reached, it must be ...
Nobody gets married expecting to get divorced. But with nearly half of U.S. marriages ending in divorce, couples should know how a potential split can impact their finances. One of the biggest decisions is ...
Disbursing the net proceeds when the marital home is sold or refinanced can be super simple or it can be very complex. Either way, the title company or settlement agent will need to make sure all proceeds are ...
Dividing your assets in a divorce settlement is tough, and there's no way to split a co-owned house in two. While selling and splitting the proceeds may be the fairest option, if you or your kids have an emotional attachment to ...
New home buyers are often required to be prea-pproved for mortgage financing prior to submitting an offer to purchase a home. This standard procedure is done to show not only the buyer’s good faith but their financial strength to the sellers.
Divorce is complicated. Divorcing your mortgage shouldn’t be.For most couples, the marital home is their single biggest asset. Naturally, it only makes sense that settlement discussions would center on what to do with the ...