Stepping into the role of financial decision maker alone typically is a daunting experience for anyone especially when it comes while you are grieving over the loss of your spouse. Here are some suggestions to help surviving spouses prepare for handling money and financial issues freeing up some time to deal with emotional needs. Address […]
Continue reading …Because we often forget about insurance until we need it, life, health, homeowners and disability coverage issues can get overlooked during a divorce settlement. In working through your divorce, don’t forget some valuable assets: your life and your health. Both directly affect your ability to earn income and to care and provide for yourself and […]
Continue reading …The emotional upheaval of a divorce is no time to be learning money basics and selecting professional advisors. Preparing now isn’t cynical – it’s smart. In the late 16th century, when death parted married couples far more often than divorce, Sir Francis Bacon wrote, “Knowledge is power.” Women of the 21st century should adopt that credo with […]
Continue reading …There is a renewed excitement about the acceptance of gay marriage in this country. The Supreme Court is hearing an important case and the topic recently made the cover of Time magazine. As the this Time magazine article noted, the tide is changing and many Americans are not only in support of gay marriage but […]
Continue reading …Q: Will I be able to receive alimony? A: The test for alimony (or maintenance or spousal support) include some of the following, however, keep in mind that no two cases are the same. You need to seek individual advice in order to determine how the specifics of your case may impact your ability to […]
Continue reading …Whether fresh out of college or after a marriage, it is highly likely women will some day go it alone in taking care of their financial needs. With the combination of later marriage, divorce, widowhood and longevity, almost 90 percent of women will end up managing their finances alone at some point in their lives, […]
Continue reading …Establishing a very good partnership with your divorce attorney is critical as it has an enormous impact on the process, outcome and cost of your divorce. Take time to carefully pick the best attorney for you. Here are some do’s and don’ts to get you headed down the best path. 1) Before going to see […]
Continue reading …When it comes to setting financial goals and figuring out how you’re going to reach them you can’t leave it to chance. By definition, a goal has a deadline, and in order to reach it you need a strategy—you have to do certain things, in a certain order, by a certain date. Whether your goal […]
Continue reading …What would you do if a five- or six-figure check showed up one day? You might want to give that question some serious thought because, for some families, it could happen. No, it’s not the lottery, a federal stimulus payment or the result of your ability to pick hot stocks on Wall Street. It might […]
Continue reading …Sometimes life gives us another chance… a “do over.” We’re hopeful and with good reason. We’re also aware that a second marriage is a bit more complicated than the first time we tied the knot. When two families join together, it’s not always like the Brady Bunch. Remarriage creates instant extended-family responsibilities that can affect […]
Continue reading …Children! There is nothing like them. They can be our sweetest blessing, as well as our most challenging frustration. But most of all, they are our greatest responsibility, our most important commitment. Raising children is not easy. Most parents would agree that it’s the most expensive, lowest paid hard work there is. Whether you are […]
Continue reading …Succession Planning for the Family Business is Critical, But Not Always Easy The family business – the bedrock of the American economy – rarely survives the transition from one generation to another. Possible reasons are many, yet any working list will reflect an underlying problem: dealing with transition issues often leads to a plethora of […]
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