As a financial advisor, I think one of the most confusing aspects of money is that not all of it works the same way. This becomes much more apparent in the divorce process for property distribution. Many of my clients are surprised to find out that often
Read more →The discussion about division of assets initially revolves around the marital residence, as jointly owned real estate and retirement are perhaps the most significant marital assets subject to distribution in a divorce. The decision whether to retain or sell the residence can be laden with emotion and
Read more →Prior to the December 2017 Tax Cuts and Jobs Act (TCJA), when one spouse paid alimony (or separate maintenance payments) to the other spouse in a divorce, the paying spouse could deduct the alimony payments on his/her Federal income tax form. At the same time, the spouse
Read more →Whether you grew up watching 90210, Real World or MTV Beach House, today’s modern families are evolving beyond what was even in the 1990’s considered abhorrent or abnormal family life given that these shows addressed such topics as homosexuality, bisexuality, AIDS, drugs, addiction and abortion. Same sex
Read more →HE SAID: I want my kids 50% of the time. SHE SAID: Over my dead body! Be careful what you wish for! Our court system is overloaded with parents who would rather entrust their children’s lives to a perfect stranger in a black robe, rather than figure
Read more →By Jane Gordon Julien April 21, 2016, New York Times. In the room that would be the scene of Lisa George’s divorce in 2012, Ms. George, now 59, was seated on the same side of the table as her about-to-be-ex-husband. Each of their divorce lawyers slid into seats
Read more →By Ellen S. Fischer, Esquire, Collaborative Law Professionals of Southeastern Pennsylvania. The definition of a family is rapidly changing. It has become ordinary for two parent households to consist of either a mom and a dad or two dads or two moms. But now there are three
Read more →By RONNIE KOENIGJAN. 15, 2016, New York Times. Four years ago, Cristina Gitti and Matteo Bologna, the parents of two daughters, decided to divorce. But they parted ways by only a flight of stairs. The couple opted to stay put with their girls in the brownstone they
Read more →By Barbara S. Cain: Barbara S. Cain is a clinical supervisor at the Psychological Clinic at the University of Michigan. She has written frequently on the impact of divorce on parents and children. February 18, 1990, The New York Times. THEY WERE MORE SANGUINE ABOUT Laura. She was,
Read more →Carl E Pickhardt Ph.D., December 19, 2011, Psychology Today. Young children and adolescents can respond differently to divorce In response to my blog about single parenting adolescents, I received this email request: “I was wondering if you could address the effects of divorce on very small children.”
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