A complete guide to financial self-defense for people facing divorce
Written by two noted divorce planning experts, this book arms readers with the knowledge and tools they need to make it through a divorce with their financial skins intact. Readers learn of all the financial risks and ramifications involved, as well as how to prepare themselves for any eventuality. And they get proven strategies for negotiating the best possible financial solution, along with valuable work sheets, checklists, and sample documents. Among other important lessons, readers learn how to:
Construct a solid financial action plan when divorce seems imminent
Get a complete picture of family finances, including the low down on a spouse's small business or intellectual assets
Negotiate a win-win financial settlement
Choose the best settlement method, from options including mediated, arbitrated, and collaborative agreements
Avoid tax penalties and pitfalls and deal with retirement nest egg, 401(k), and SSI issues
Detailed!! Helps you to understand the complexity of marital debt/assets. In doing post-divorce mediation, the aftermath is worse than the initial filing of the divorce petition. Here we have two consenting adults reigning over the financial thrones of the other. Leaving their financial future in the hands of someone bitter will only gain negative results. What makes one think the court order will enforce resolution? The other party may not feel the urge to pay out of malice. This can lead to foreclosures, collection calls, garnishments, jdgements/liens, (ALL in YOUR name!!!) and frustration.
Being obligated on debt/assets and assuming resolution is a narrow-minded field of scope. This book describes the wide range of capacity in which you should consult with your attorney to ensure fair equitable distribution and negotiation. A mediator is usually sought out or court-ordered for disputes such as this.
Support issues such as commingled funds, both spouses' rights to pensions and social security, equitable business, equitable mortgage , child support, spousal support, and other dividends are dissertated in this book.
This book has so much information in it that is very useful to me as a practitioner. Divorcing couples need to get this for the outcome of what is to be.
Anything Goes Trivia
Megaton Man
Tony's Online Tips
Trevor
