Blog: Divorce
- Redesigning an estate plan after divorce
Sep 19, 2020
When people get divorced in Pennsylvania, their future may look quite different than they originally envisioned. Their efforts to plan for their well-being and success may require some modification to maintain their goals and ambitions. Estate planning is one area where divorced individuals will need to put in some work. Outdated estate plans that show no indication of marital changes may not function nearly as effectively and create disappointment in the future. Budgeting and beneficiaries...Read More - Splitting and saving retirement assets in a divorce
Sep 17, 2020
For many couples, their joint retirement savings may include multiple accounts or types of investments. When a couple gets a divorce, dividing these assets may raise many issues. Even when retirement savings must be split between two spouses, how this occurs may play into how much each person receives or loses. 401K accounts and the QDRO A spouse who owns an employer-sponsored 401K account may need to pay early withdrawal penalties when taking a distribution...Read More - How should you handle finances during a divorce?
Sep 14, 2020
When a marriage ends, the subject of finances becomes more complex. No matter how long you were with your spouse, odds are that you combined accounts, made large purchases together and made other financial decisions as a couple. Now, you have to prepare to make financial moves on your own, explains U.S. News. What financial steps should you take during your divorce? Organize your financial portfolio Before and during the divorce, make a list of...Read More - 3 tips on coping with divorce
Sep 9, 2020
Experiencing a divorce is one of the most emotionally-charged times in someone’s life. If you are divorcing your spouse or plan to file for an end to your marriage, you might feel overwhelmed about your future. Understand that it is normal to experience lots of emotions during your divorce, no matter if you are the initiator or on the receiving end. To lighten some of the emotional burden and stress surrounding your divorce, you can...Read More - 3 challenges in same-sex divorces
Sep 7, 2020
After the 2015 Supreme Court ruling in Obergefell v. Hodges came an influx of same-sex partners excitedly marrying. However, with the celebrations also came a wave of same-sex couples seeking divorce. If you reside in Pennsylvania and your marriage is also coming to an end, you likely wonder about how your divorce will go. Same-sex couples facing divorce have various legal challenges that their heterosexual counterparts typically do not encounter in family law. Division of...Read More - What an effective parenting plan looks like
Aug 27, 2020
In a divorce, the needs of the children should still come before all else. Regardless of how the ex-spouses feel about one another, they must come together to create an effective parenting plan for their children. To make an effective plan, both parents should know what goes into a good plan. The factors a court considers during custody decisions provide a good outline of what goals each parent should uphold for their children. Here are some What...Read More - Caring For Your Mental Health During Divorce
Aug 26, 2020
Going through a divorce is one of the most emotional and stressful processes a person can experience. Ending a marriage can dredge up a variety of feelings and it can be difficult to manage. However, staying level-headed and practical is an important part of the divorce process, so you can resolve things quickly and efficiently, in your favor. But this is difficult, controlling your emotions and minimizing stress can be challenging, especially during a process...Read More - Do you need a prenuptial agreement?
Aug 19, 2020
The time leading up to your wedding is exciting. Planning your life with your new spouse may involve moving in together, making plans for your honeymoon and thinking about your future. However, before you tie the knot it may also be important to discuss what might happen if you decide to part ways. Should you consider a prenuptial agreement? Do you or your spouse own a business? Dividing a business during divorce can be emotionally...Read More - How to avoid financial regrets after divorce
Jan 15, 2020
Going through a divorce can be an expensive process. A report from Fidelity Investments shows that it usually takes about five years for a person to recover from this financial blow. Pennsylvania residents may be interested in some preventative measures they can take to protect their finances in case of divorce. The same report from Fidelity Investments showed that 80% of respondents regretted the fact that they were not more involved in their family’s finances...Read More - New year, new relationship status
Dec 30, 2019
For some Pennsylvania residents, the new year might mean a new relationship status from married to divorced as divorce filings increase at the beginning of the new year. While the overall divorce rate dropped by 8% from 2007 to 2017, the trend of increased divorce filings in January has continued. The increase is marked enough that January is unofficially known as “divorce month.” The decision to seek a divorce after the holidays might come from...Read More