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Phases of Divorce:

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Tag: Money

Onward Intel: The 411 on Multiple 529s

When families have multiple children, deciding who should own each 529 college savings plan can get tricky. The good news: there’s flexibility. Ownership doesn’t have to fall under one parent — each plan can be managed individually per child. This article breaks down five common ways parents handle 529 ownership after divorce or separation, from single-owner setups to split or dual plans, and highlights key points to cover in your agreement, including contributions, usage, and tax implications.

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Debt in Divorce: What You Need to Know

Divorce involves emotional, legal, and financial aspects. While asset division is a focus, understanding debt responsibilities is crucial too. From credit card debt to mortgages, knowing who is accountable can affect your financial future post-divorce. This guide answers common questions about debt in divorce, including handling unpaid shares and safeguarding your credit. Equip yourself with the knowledge for a smoother financial transition.

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What is Plaid?

Navigating divorce can be overwhelming, but with Onward and Plaid, you can simplify the process. Securely connect your financial accounts and share only necessary data. Say goodbye to manual entry and paperwork—enjoy a clear financial snapshot. With real-time balances and categorized expenses, you’ll feel in control. Discover how this technology can streamline your divorce disclosures. Learn more!

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Simplify Financial Disclosure for Divorce with Onward and Plaid

Dividing finances during a divorce can be overwhelming, but it doesn’t have to be. At Onward, we simplify financial disclosures by integrating with Plaid, enabling you to securely connect your accounts and complete disclosures faster. Understanding your financial picture is essential for fair decisions regarding child support, spousal maintenance, and property division. With our support, you can organize your financial information confidently, making negotiations smoother. Discover how we can help you navigate this challenging time.

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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.