Considering Divorce? What You Need to Know!
Did you know that divorce affects over 50% of couples in the United States?
Going through a divorce is a life changing. Even when the divorce is non-contested and a collaborative divorce, you need to make sure you’ve made all the proper preparations. It is the best way to protect yourself and your family.
Are you considering divorce? Are you ready to start the process? The financial aspects of divorce can create a tough road ahead. Understanding the process is a must. Working with my clients through the divorce process has allowed me to put together some tips that may help you.
In my FREE eBook: Divorce. What You Need to Think About from a Financial Perspective, I offer some valuable insight on the following:
- Hiring a Good Attorney
- Gathering the Necessary Financial Documents
- Initiating the Divorce
- Understanding the Divorce Process
- Identifying Your Marital Assets and Personal Property
- Valuing Assets in a Divorce
- Devvying Up the Debts
- Learning About Divorce and Tax Preparation
- Timing of Tax Preparation
- Real Estate and Divorce
- Alimony and Child Support
- Tax Carry-Forwards
Each tip is also addressed individually in previous blog posts.
Keeping the emotion and anger out of the divorce process is hard, yet so important. Going to trial is costly and time-consuming. Open communication lines and scheduled mediation are steps in the right direction. It certainly isn’t easy, but helps get the process completed faster. Don’t be greedy, or both of you can lose even more time and/or money.
When you are considering divorce and have questions, don’t hesitate to contact me at online or call (239) 384-9688 in Naples or (239) 768-5008 in Fort Myers. Follow Makara & Associates on Twitter and LinkedIn, and like us on Facebook.
-Mark
This information is based on facts, assumptions and representations as stated and authorities that are subject to change. We will not update this information for subsequent legislative or administrative changes of future judicial interpretations.
LEGAL NOTICE AND DISCLAIMER: The information within this blog is for informational and educational purposes only and is not tax advice and should not be used as such. The facts of each individual situation can have significantly different outcomes when applying tax law. The hiring of a CPA is an important decision not to be based solely on advertisements.
