Divorce can wreak havoc on your finances. But what many divorced couples don’t realize is that they can expect to face recurring financial challenges during tax season for years after the divorce is finalized. While divorce is often adversarial, leaving both spouses with animosity in its wake, tax season is an opportune time to put aside those differences and cooperate to reach a mutually beneficial Read More
What does a Prenuptial or Postnuptial Agreement have to do with Estate Planning? Everything!
By guest blogger, Attorney Karen J. Levitt, of Levitt Law Group Do I need or want a Prenuptial or Postnuptial Agreement? You may need or want a Prenuptial Agreement (also called an antenuptial or premarital agreement) if your goal is to preserve assets. You may have accumulated substantial assets prior to your marriage, own or be part of a family business, or have or anticipate inherited assets, that you want to keep Read More
Divorce? Here’s What You Should Know About How it May Affect Your Trust
Getting divorced? As a parent, a divorce is most definitely an important time to review your estate plan. Trusts vary in their structure, funding, and terms, so if you have one, it’s hard to know how divorce will impact your trust without review. It’s safe to say, without question, your trust (and really your entire estate plan) should be reviewed and likely, revised, during your divorce to prevent unforeseen Read More
Financial Myths About Getting a Divorce
If your marriage is on the rocks, one of your many worries is probably the impact divorce will have on your financial life. An attorney can support you with a thorough analysis of your assets and understanding of the financial impact of a divorce, but first read these three widespread myths of the financial impact of divorce. My Money Is My Money, and Your Money Is Your Money Some people believe that if they keep Read More
