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New
Legal
Horizons
New
Parenting
Horizons
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NEW
BEGINNINGS
These articles provide important information and useful navigation
tools to individuals who are struggling with redefining one or many
different aspects of their lives following divorce.
New Financial Horizons
- Estate
Planning Considerations in the Context of Divorce
When spouses
separate, in anticipation of divorce, a number of estate planning
issues arise. Many spouses wish to disinherit the other spouse upon
separation, to be sure that their assets pass for the benefit of
the children (or if no children, to their own family). In fact,
you are permitted to make a Will that excludes the separated spouse.
However, the law provides protections to disinherited spouses that
limit the effectiveness of Wills that disinherit a spouse.
- Insurance
After Divorce or Separation
After divorce
or separation, you're on your own. Arranging your insurance needs
is important, but you my not be sure what you need or where to begin.
It's important that you work with an agent who understands your
new situation. Explain to him/her your needs and concerns.
- Managing
Income and Expenses
Divorce
creates many kinds of stress for all those involved. Potential exists
for serious financial stress. Even when resources are adequate,
and especially when they are limited, careful planning can enable
individuals to make the best of their financial situation and avoid
costly errors as they move forward after divorce.
- Seven
Common Financial Pitfalls After Divorce
When I first
got divorced, there was a part of me that thought my lifestyle would
not change dramatically. I believed that after eighteen years of
marriage and raising a young family of four children, I could depend
on the courts to ensure that I would have an income which would
allow my children and me to remain at the economic level with which
we were familiar. The truth of the matter is that you may be able
to do this, but it is probably not going to be from child support
or alimony.
- Financial
Self-Confidence For the Suddenly Single: A Woman's Guide (Book Review)
Whether we like
it or not, money is important and how it's managed after a divorce
can make the difference between moving on to a new and better life
or becoming mired in debt and despair. Alan Unger's book, Financial
Self-Confidence For the Suddenly Single: A Woman's Guide, is
a simply written, self-help guide to taking responsibility for your
own finances.
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