What are some of the more common financial mistakes made in divorce settlements?
There are many financial pitfalls that one can fall into when crafting divorce settlements. Most typical are keeping the family home for emotional reasons, splitting assets without consideration of future tax consequences, making financial decisions one at a time without considering the bigger picture, not protecting future support payments, failing to consider joint liability for marital debts, not understanding how the timing of support payments may result in unanticipated tax consequences, not considering the long term impact of decisions, and failure to utilize a qualified domestic relations order to split 401k accounts. These are just some of the more common errors but there are many more that a divorce financial specialist is trained to avoid.
How can I protect our children from the harmful effects of divorce?
- Consider mediation or collaboration rather than litigation
- Focus on having fun with the kids rather than dwelling on the divorce or what they are seeing or hearing at your ex-spouse’s house
- Explore the possibility of having the kids see a mental health professional who specializes in children of divorce
- Make spending time on yourself a priority so that you can be your best with the kids
- Tell the children over and over and over again that the divorce is not their fault and that they are loved by both of their parents
How much will my divorce cost?
How does divorce coaching work?
The role of a coach is to help you work through the tougher times and make better choices before, during, and after your divorce. You’ll work together to identify and prioritize issues, break to-do lists into manageable pieces, find and effectively utilize additional resources, explore options, overcome obstacles, bring to bear your best qualities, take effective actions, and celebrate your victories, big and small.
The first step is to schedule a consultation with a coach to discuss your situation. If you think working together will be beneficial, you’ll meet as often as needed.
Why should I work with a divorce financial specialist when my lawyer says she can handle the financial issues?
What should I use a divorce coach for?
- Whether to divorce
- Preparing to divorce
- Decisions about the process for divorce
- Parenting concerns
- Managing emotions
- Divorcing with dignity
- Reducing stress
- Clarifying decisions
- Prioritizing what needs to be done
- Dealing with conflict
- Communicating with your attorney, spouse, and others
- Effectively working with your lawyer and the court system
- Getting ready for court or mediation
- Career or job change
- Being stuck, not able to move on
- Getting financially organized
- Building confidence
- Financial concerns
What is the difference between coaching and therapy?
What’s different about divorcing after 50?
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We are available to meet with you in person, via Skype or by phone.
Our divorce mediation, coaching and financial settlement optimization services help you take control of your divorce, save you money and assist in a seamless transition beyond your divorce and into your new future!