I am fortunate to work with many professionals who have been helping divorcing couples dissolve their marriage through mediation. As those who follow me know, I am a big advocate for mediation because it allows you to take control of the divorce process, putting the needs of your family first, and saving you time and money along the way. I reached out to some of my contacts to get their tips on how to have a "successful" divorce mediation. Why put "successful" in quotes? In my experience, everyone has a different definition of success. For me, success in the context of mediation is achieving the best possible outcome for all parties involved. I encouraged these professionals to interpret "successful" in their own way.
Topics: Divorce Mediation
When you're getting divorced it's common to want to follow the path of least resistance. Because of this, you may not spend the appropriate amount of time developing your post-divorce budget. This can lead to a serious and common divorce mistake - underestimating your expenses. In my experience, the reason that people don't spend a lot of time on their budget is one of three things. They:
Are you considering keeping your house in your divorce? The family home is one of those assets of marriage that has memories, both good and bad. The family home can also be fraught with tension when a couple divorce, for myriad reasons.
Divorce is never easy and is likely one of the most stressful times you will face. This can be even more true when you’re in your fifties or sixties or even older and have been married for decades, have seen one another through good times and bad, career ups and downs and raising children. Then one day, you look around and you and your spouse or only one of you has decided you want to end the marriage. What do you do when you’re faced with a gray divorce? Contact a Certified Divorce Financial Analyst (CDFA). Divorce financial planning is always important but it is imperative later in life.
Topics: Divorce Financial Planning
Are you looking for a compelling reason to put your differences aside with your soon to be ex-spouse and work through your divorce in an amicable way? Work with a divorce mediator and toward a financial solution that benefits the two of you, both in the present and in the long term.
I was recently invited to collaborate on an expert panel and share some insights on how to prepare for divorce and keep it peaceful. Here are my best tips:
Topics: Divorce Planning
You and your soon-to-be ex have decided to work with a divorce mediator to dissolve your marriage. Congratulations! You have taken the first step in dissolving your marriage in one of the most amicable ways you can.
Divorce can be expensive as well as confusing and stressful. When you’re going through a divorce you don’t want to end up paying more than you have to. You certainly don’t want to accept an asset in the divorce that will lead to your paying more in taxes than you have to, do you?
Divorce is one of the most stressful times that anyone will face. This can be especially true if you’re among the couples in the “gray divorce” range – the fastest growing segment in the United States who are filing for divorce. Those in the gray divorce age group are in their fifties or older and many have been married for twenty, thirty, forty years or longer.
Topics: Divorce Mediation
Did you know that divorce rates have leveled off for many age groups – except for couples in long term marriages. The divorce rates among older, long term married couples is on the increase. Known as gray divorce, this is segment of the population, usually in their 50s or older, is facing a potentially uncertain future when they likely imagined they were settled for life.