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Part of your divorce financial planning should involve the financial impact on any minor children. When divorcing, it’s important to discuss your minor children’s financial futures.
Divorce not only dissolves a marriage but also leaves behind complex financial matters, particularly when it comes to debt. While some assume that the debt follows the person who incurred it, the ...
Creating a financial planning checklist for divorce can make it easier to navigate the process. Your attorney or a divorce financial advisor may provide you with a list of things to do (or avoid ...
Alimony, also called aliment (Scotland), maintenance (England, Ireland, Northern Ireland, Wales, Canada, New Zealand), spousal support (U.S., Canada) and spouse maintenance (Australia), [1] is a legal obligation on a person to provide financial support to their spouse before or after marital separation or divorce.
A divorce settlement entails which spouse gets what property and what responsibilities once the marriage is over. "It deals with child custody and visitation, child support, alimony, health and life insurance, real estate, cars, household items, bank accounts, debts, investments, retirement plans and pensions, college tuition for children, and other items of value, such as frequent flyer miles ...
Estate planning is the process of anticipating and arranging for the management and disposal of a person's estate during the person's life in preparation for future incapacity or death. The planning includes the bequest of assets to heirs, loved ones, and/or charity, and may include minimizing gift, estate, and generation-skipping transfer taxes.