Blog
The most important thing to remember about changing your name is that it requires patience.
If you decide to take the name of your spouse, you will have to inform many different people and organizations. There is a certain order you should adhere to when doing this: 1. Government agencies; 2. Financial institutions; 3. Insurance companies; and 4. Cable companies, phone companies, etc; 5. Your employer
When people are considering a divorce, one of the questions they often forget to ask themselves is, “How will this divorce affect my ability to qualify for a mortgage or make certain investment decisions in the future?”
Currently, we are working a case where a client has been dealing with her divorce for 3+ years, and she still does not have a divorce decree. This has prevented her from qualifying for a mortgage and making important investment decisions.
Since January of this year, we have been working hard to reduce allocations around long-duration bonds. With the most recent fed decision to ease quantitative support, I have paused to consider the implications to my post-divorce wealth management clients and have spent considerable time these past two weeks to further diversify the portfolio. After all, the fed expects our economy to stand on its own - how will that affect your investments?
I thought I had a theory regarding allowance, until I had to put my theory into motion with my own child.
What I learned was that my husband had his own theory and shockingly, I had mine. This caused conflict as to how we wanted to present allowance to our nine-year-old son.
My philosophy is that allowance should not be paid for normal work and chores, but for work or activities done above the basic chores: make bed, pick up toys, put clothes and dishes in appropriate places. I’ve always explained to the family that we are 4 people, each participating members in our home, each with an equal responsibility to take care of it.
When I work with divorce cases, my team and I sit down with the client and map out a strategic plan of all the things we need to uncover and discover about the marital family. As part of the divorce planning process, one of the things we do is to pull a credit report.
In my professional networking I found Georg Finder, who below, has explained the major differences in credit reports. Specifically, he shares tips and insight to which of these credit reports is better for the client and the settlement process. Georg is a Credit Damage Evaluator based out of Fullerton, California.
Retirement accumulation isn’t just about the ending balance in your account, but what you can do while accumulating for your retirement that still allows you to enjoy your life.
It’s parallel to everything we do in life. You build your career to get to a certain position, to reach a certain goal. Sometimes we might forget that the process is just as important. You can pause within the process to take time to enjoy what you are doing without having to rush or sacrifice it all to get to the end goal.
These last few years, I’ve participated in many collaborative divorce cases as a financial neutral. As most know, when you are hired as a neutral on a case, your goal is to help both clients meet their needs in the divorce, so that the dissolution agreements are sustainable long after the final agreement has been signed.
When hired as a client advocate and not as part of a collaborative team, I am often told many things that are personal in nature and should not be divulged in order to protect the client’s privacy. Some of these things include: undisclosed accounts, gifts to oneself, an upcoming trip, new loves, etc.
EDUCATION TRANSPARENCY AUTONOMY
