How Divorce Can Impact Children’s Financial Accounts
Navigating the divorce process can be particularly challenging for families. While dividing assets is rarely easy in any scenario, determining how to divide accounts you started for your children during your marriage can raise additional questions and concerns.
Continue reading...The Future of No Fault Divorce Laws
As of early 2025, no-fault divorce remains legal in all 50 states; however, lawmakers in several states, including Louisiana, Oklahoma, and Texas, have introduced or are actively discussing legislative proposals that could restrict or eliminate the practice. These efforts are driven by concerns over the impact of no-fault divorce on family stability, with proponents arguing for a return to stricter divorce requirements, while opponents warn of potential negative consequences for individuals in difficult or unsafe marriages.
Continue reading...Holiday Debt Hangover? 3 Steps to Reclaim Financial Control Post-Divorce
The holiday season can be a whirlwind, but once the decorations are down, the bills have a way of piling up and becoming overwhelming. For those freshly navigating life after divorce, this financial hangover can feel especially daunting. But don’t let that stack of bills become a mountain! With a little planning and proactive steps, you can regain control and start the new year on a stronger financial footing.
Continue reading...Nine Critical Financial Issues To Address During Divorce
Divorce has a way of pulling the rug out from under you, even if you are the one who initiated the divorce. The adversarial nature can cause the process to be extremely expensive, and there are usually no “winners” in divorce. Splitting one household into two only multiplies the cost. However, education, planning and rational thinking can help curb the financial impact. At such a time, knowledge about finances and avoidance of costly mistakes can be highly empowering.
Continue reading...Coerced Debt: What Divorce Professionals Need to Know About Proposed Changes for Victims of Domestic Financial Abuse
The Consumer Financial Protection Bureau (CFPB) has issued an advance notice of proposed rulemaking that could bring critical changes for survivors of domestic financial abuse, particularly concerning coerced debt. This proposal presents an opportunity to enhance protections for victims, and as divorce professionals, it’s essential to stay informed on these developments as they may directly impact your practice.
Continue reading...Don't Underestimate a Credit Report
As an attorney, I handle numerous discovery requests in my cases, yet it’s rare for anyone to request a client’s credit report. Overlooking this critical document is a missed opportunity for Certified Divorce Financial Analysts (CDFAs) to gain valuable financial insights. Both your client’s credit report and the opposing party’s report can reveal essential details that are often pivotal in divorce cases.
Continue reading...The Elephant in the Room: Separate Property
There are conversations we as CDFAs can expect to be difficult. In fact, there can be traps and pitfalls anywhere, and we must always be aware of our clients’ reactions to navigate difficult discussions successfully. I have learned that clearly defining the steps and the decisions we will be working to find agreement on goes a long way towards setting expectations early. Normalizing conversations about property division and income sharing (and, of course, quantifying its effect with the use of analysis and reports) can help reduce clients’ anxiety.
Continue reading...Strategic Mortgage Planning During Divorce: The Critical Role of Child Support as Qualifying Income
When dealing with mortgage financing after divorce, issues related to child support can significantly impact the process. Here are some key points to understand and consider before accepting a final settlement proposal.
Continue reading...Credit Score and Credit Depth Catastrophes
How divorce can derail your credit and what to do about it.
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