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Level The Playing Field By Being Financially Informed
We all know the saying: if marriage is about love, then divorce is all about the money. This reality makes financial knowledge one of the most powerful tools you can have when going through a divorce. When one spouse has a stronger grasp of the couple’s finances, it creates an imbalance of power that can lead to an unfair settlement. Without a clear understanding of what you own, what you owe, and what income is coming in, you may find yourself agreeing to terms that do not serve your long-term financial well-being. However, the good news is that financial knowledge can level the playing field and put you in a stronger position to advocate for yourself.
Continue reading...Co-Parenting Tips For Shared Expenses
National Co-Parenting Day is an opportunity to change the mindset on divorce and work on the relationship with your co-parent. Successful co-parenting means for both parents to work together and share responsibility of a child or children. One source of conflict for co-parents is finances.
Continue reading...March Madness: The Ultimate Divorce Financial Bracket
Every March, millions of fans obsess over their brackets, hoping for the perfect picks. But what if I told you that divorce has its own version of March Madness, with financial decisions just as high stakes as a championship game? You study the teams, their stats and their history. You need to know the coaches and the players. You can’t pick random teams on a bracket and expect to win. Divorce isn’t that different. You can break it into decisions, and those decisions impact the overall success. It’s a series of choices that lead to other choices, and the opposing team may make plays that impact your outcome. Let’s look at your best and worst financial decisions and how they can impact your divorce success. By approaching your divorce financial decisions strategically, you can increase your chances of coming out ahead instead of watching your financial dreams get eliminated in the first round.
Grab your brackets and let’s break it down.
Continue reading...Keys to Helping Improve Finances for Single Parents
Single parents often face unique challenges, not just raising kids, but also creating a financial path toward success. With the cost of health care, food, school, and more ever increasing, being successful on one income is a huge barrier for more than 37 million parents — or roughly 30% of households in the United States.¹
While many moms and dads report struggles with finances, there are ways to help improve your finances and be proactive with your financial future in the short- and long-term.
Continue reading...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...
