The decision to divorce is a difficult one. People in Pennsylvania should take a number of things into account to ensure that they are making the right decision. Dealing with emotions Some people might be struggling with still having feelings for their spouse. This...
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Divorce
4 tips for coping with divorce
Ending a marriage can be a terribly emotional experience. While the thought of divorcing your spouse might be liberating, it does not guarantee that the process will be easy or that you won’t have bad days. Divorce is challenging and can bring about heightened...
Why you shouldn’t try to hide assets during a divorce
When a couple decides to conclude their marriage, that decision usually comes with a lot of conflict and heartache. Often, the most contentious part of the divorce process is the division of marital assets. Understandably, you may be reluctant to part with your...
Everything you post could be used against you in a court of law
In the current digital age, many people keep in touch with loved ones, near and far, on social media. While posting can help keep friends and family informed about your life, not all circumstances are appropriate for online display. For example, it may be best to...
What you need to know before a divorce case starts
Most people put a lot of thought into the idea of a divorce before they actually move forward with filing the legal case. After all, a divorce is the end of a marriage that has, in many cases, lasted for years or even decades. It is understandably an emotional time,...
It’s important to update finances and beneficiaries after divorce
Divorce is said to be one of the most traumatic events in a person’s life. After going through this traumatic event, along with the many life changes you will have, you should review any financial documents that may need to be updated. Estate plan changes While you...
What you should know if you’re getting divorced in 2020
Thanks to the 2017 changes to the tax code, divorce agreements signed after December 31, 2018 have been and will be significantly affected, particularly when it comes to alimony. Under the new laws, alimony payments are no longer taxable income for the receiver, and...
How women may protect their finances in a divorce
Some women in Pennsylvania who are going through a divorce run a higher risk of financial problems than men who divorce. Working women tend to have a drop in income after divorce while the income of divorced men tends to rise. Women are also at a greater risk of...
Could divorce be a smart financial decision?
Some Pennsylvania couples may be happy together and still in a loving relationship, but they may be prompted to consider divorce due to the financial implications of remaining married. While some reports indicate that ultra-wealthy couples may gain some tax benefits...
You may need a financial advisor during your divorce
Some couples in Pennsylvania divorce with high assets and some with high debts. Whichever of these two financial situations are true of a divorcing couple, they may need to consider working with a financial advisor. In fact, MarketWatch recommends “breaking...