Tips For Financially Preparing for a Divorce

financial preparation for divorce

Why Financial Preparation for Divorce Matters

It goes without saying, divorce is an extremely difficult and emotional journey. It can be overwhelming, and it will most likely affect and change many aspects of life including finances. Financial preparation for divorce is crucial in order to move forward in your divorce. Separating finances with two spouses can be messy. Preparing to do so in advance is smart! Each partner should do this to ensure security and stability both during the divorce proceedings and after the divorce is finalized.

There are certainly things both parties can do to financially prepare for divorce. Here are some tips for those going through this sticky situation.

Gathering Financial Documents for Financial Preparation for Divorce

One of the first steps to do is to gather all financial documents, including tax returns, all accounts including savings, checking and investment accounts, pay stubs, property records (home, land, vehicles) credit card statements, debts, and any retirement account statements such as 401K plans, IRAs, or pensions.… View Full Article → “Tips For Financially Preparing for a Divorce”

A Young Lawyer Reflects About Having Grown Up in the Midst of a Contentious Divorce – Constant Arguing is Damaging!

A child sitting between arguing parents, showing the emotional effects of divorce on children

Reducing the Long-Term Effects of Divorce on Children Through Cooperative Co-Parenting

PUBLISHER’S NOTE:
I frequently receive comments about this blog post. It was written in the spring of 2023 by Shane McDonough, who was at that time a third year law student at the University of Dayton School of Law. Shane did a great job externing for our firm, and is now enjoying a fine legal career in Chicago. Well done Shane, and it was great chatting with you this week!

Understanding the Emotional Effects of Divorce on Children

If there is one positive aspect of my parents’ divorce, it is that I was too young to understand the effects of divorce on children. I was around two and a half years old when my parents were divorced.

Although I have no recollection of the divorce proceedings or the ensuing months following the proceedings, one of my first memories is a supervised visitation meeting with my dad.… View Full Article → “A Young Lawyer Reflects About Having Grown Up in the Midst of a Contentious Divorce – Constant Arguing is Damaging!”

Have You Found Out that You Are Allergic to Marriage? Some Humorous Quotes about Divorce

humorous divorce quotes

Our Favorite Humorous Divorce Quotes from Clients and Friends

Of course, divorcing is not a laughing matter, but humor can be helpful on occasion. I heard a quip attributed to Isla Fisher recently about her divorce from Sacha Baron Cohen that made me recall my blog post several years back of a collection of humorous divorce quotes from celebrities and comedians. So, I thought I would update it with Isla’s comment and repost those quotes.

You can thank my daughter-in-law, Bambi, for that original post if you like it. She and my son own Eclectic Essentials, a boutique now in West Milton. She called me on the phone and said, “A new customer came in the shop and told us he was redecorating his house after his divorce, and he loved our store.” She said the middle-aged man said to her “You know I found out that I am allergic to marriage.”… View Full Article → “Have You Found Out that You Are Allergic to Marriage? Some Humorous Quotes about Divorce”

Did You Know June Is Men’s Health Month? Here’s Why It Matters During Divorce

Did You Know June Is Men’s Health Month? Here’s Why It Matters During Divorce

Men’s Health Month and divorce are both reminders that it’s time to put yourself first. Your physical and emotional health depend on it

Did you know that June is Men’s Health Month and divorce can make it even harder to stay healthy? During a difficult separation and divorce, men often do not make their health a priority, however they should. Here are some ideas on how to do that.

Exercise:

During Men’s Health Month and divorce, finding time to move your body might seem impossible – but small steps make a big difference. Be sure to get enough exercise. It doesn’t mean you have to take out an expensive gym membership. If you do have gym membership and enjoy it, by all means go. If the gym isn’t your thing there are lots of ways to incorporate exercise into your daily routine. Playing with your kids at the park, going for a walk, doing jumping jacks or push-ups, taking the stairs instead of the elevator are just some simple ways to incorporate exercise.… View Full Article → “Did You Know June Is Men’s Health Month? Here’s Why It Matters During Divorce”

High Conflict Divorce Litigation Can Turn in to a Very Long and Expensive Legal Proceeding. Here are Some Facts to Consider.

Divorce court documents used in high conflict litigation

II have been handling high conflict divorce litigation cases for over 40 years. As part of my practice, I have encouraged collaborative settlement efforts in divorce cases for decades. This is due in large part because of the emotional and financial costs and damage attendant to high conflict divorce Court litigation.

I have found that there is little information online about how grueling and expensive this high conflict divorce litigation battle can become. So, I thought it might be worthwhile to lay out what could be involved in the Court process for folks thinking about ending their marriage to consider before jumping into filing a divorce Complaint. I am not trying to scare anyone. This blog is intended to shed light on what can happen to those embarking upon the battleship “Divorce”. It hopefully can also serve as an “eye opener”and justification why it makes sense to avoid escalating to high conflict divorce litigation as one starts to consider how to dissolve their marriage.… View Full Article → “High Conflict Divorce Litigation Can Turn in to a Very Long and Expensive Legal Proceeding. Here are Some Facts to Consider.”

Will I Likely Be Happier After My Divorce?

Start your journey toward happiness after divorce today.

Will You Find Happiness After Divorce? Insights & Tips

Many of my divorce clients ask, “Will I find happiness after divorce?” While there’s no guaranteed answer, many people do find greater peace, freedom, and fulfillment after ending a marriage that wasn’t working. There are steps you can take to keep you from becoming paralyzed by the divorce process. From reports I hear from my former clients, the answer to this question is usually “Yes “!

How Common Is Happiness After Divorce?

I am a bit of a geek when it comes to looking at statistics. I saw an article a while ago on MovingPastDivorce.com regarding a survey that Terry Gaspard commissioned. Terry is a licensed social worker and counselor in Rhode Island. Reading her bio and a recent interview with her by Social Work Guide, she appears very accomplished. Click here to read that interview.

Ms. Gaspard, through her company, recently contacted more than 2,000 people who had been divorced for at least three years.… View Full Article → “Will I Likely Be Happier After My Divorce?”

Mother’s Day Tips for Newly Divorced Moms

mother’s day after divorce

Embracing Change on Mother’s Day After Divorce

Mother’s Day is a day for moms and their children to celebrate the special bond that they share. However, if you are a mom who is recently separated or divorced, Mother’s Day after divorce may feel different from past celebrations. Even if you know terminating the marriage was the best for all, you may still feel emotions of sadness, guilt or loneliness.

If you are experiencing any of these negative emotions, it is beneficial to acknowledge these feelings rather than ignore them or try to sweep them under the rug. Give yourself permission to feel whatever you feel and allow yourself to recognize these emotions to start the process of moving on.

Think of it as an opportunity to establish new traditions that will make Mother’s Day after divorce a meaningful celebration for both you and your children. Unless your children are old enough to plan things for you, you are probably alone in making it a special day for you all.… View Full Article → “Mother’s Day Tips for Newly Divorced Moms”

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