Divorce often brings financial changes, and it can be helpful for kids to learn about managing money early. There are free tools and programs that teach kids financial responsibility, saving, and budgeting.
A QDRO protects your financial future by ensuring you receive your fair share of retirement benefits in a divorce. If your divorce involves retirement assets, ask your attorney or mediator about including a QDRO in your settlement to avoid financial pitfalls later.
Divorce settlements often include spousal maintenance to help one spouse maintain financial stability after the marriage ends. Whether you are paying or receiving maintenance, you may have the right to request a modification based on significant changes in financial or personal circumstances.
Dividing child-related expenses is often one of the most confusing and emotionally charged aspects of divorce, but having clarity upfront will make a huge difference for you and your children.
Thinking about a modification of spousal maintenance? Before moving forward, it’s important to weigh the financial and practical benefits against the potential costs and risks.
Deciding whether to end a marriage is one of the most daunting challenges individuals can face. Divorce is a life-altering decision that can bring about emotional turmoil, financial strain, and changes in family dynamics.
Navigating 529 college savings plans during a divorce can be complex, as they involve financial, legal, and custodial considerations. Here’s a breakdown of key steps and considerations to help manage them effectively:
A Quitclaim Deed is a legal document used to transfer ownership interest in real estate from one person to another without guaranteeing that the title is clear of any liens or claims.
Leaving the marital home during a divorce does not automatically mean you lose your rights to the property or the custody of your children, but it can impact your case in several important ways. It’s essential to weigh the pros and cons and take steps to protect your interests. Here’s what to know before making the decision:
In a Colorado divorce, both spouses are required to complete financial disclosures, including the JDF 1111 form (Sworn Financial Statement) and relevant supporting documents like pay stubs, tax returns, and account statements.
Disclaimer: Information found on Onward.Life, and in this article is for informational purposes only and should not be considered legal, financial, or tax advice. For guidance on your specific situation, please consult with a qualified attorney, financial advisor, or tax professional.