Collaborative Law Institute Blog – Family Law Attorneys & Professionals
Tax Planning – Bonuses Gone Bad!
It is important to review and discuss tax planning for the year in which a divorce was completed, especially for high earning individuals who receive incentive compensation and plan to be divorced by December 31, 2018. As part of the 2017 Tax Cuts and Jobs Act, many...
3 Life Insights from the Jeff and MacKenzie Bezos Divorce
One of the reasons that divorce is such a challenging life transition is its public nature. A couple might keep their problems private as they try to work through them. But if a rift opens that can’t be mended, the couple will have to share some very difficult news...
Splitting Investment Income on Tax Returns
When a joint investment account is divided, the financial institute will use only one Social Security number to report the earnings and thus only one 1099 will be issued for that account. For example, following their divorce, Dick and Jane divided their joint...
Holiday Presence
Who would ever ask for a two month supply of elevated cortisol and high anxiety in their Christmas stocking! Yet for many, the holiday season adds to rather than relieves stress as parents feel obliged to layer Hallmark fantasies about “the most wonderful time...
Health Insurance Season
It’s that time of year again, when the trees become bare and days grow short, that one’s thoughts turn to health insurance. That’s right, the open enrollment window for renewing your existing health insurance plan or shopping for a new plan opens November 1st and runs...
Reduced Fee Divorce – For Couples Who Want a Respectful, Collaborative Divorce
If you want a respectful, affordable and uncontested divorce without breaking the bank, you’ll want to consider a Collaborative Divorce. Do you have a reasonable level of trust and ability to work together with your spous if you have the help of professionals?...
How Can a Mortgage Professional Help With Divorce?
It goes without saying, but I’ll say it anyway…divorces are complicated! There are many questions that an experienced mortgage professional can help answer before you finalize your divorce. For example: Can one of us afford the family home or do we need to sell it?...
Negotiating Better Outcomes in Divorce
Understanding the difference between interests and positions could make all of the difference in helping you negotiate a better outcome in your divorce. Position-Based Bargaining: Most people have a tendency to negotiate by arguing in favor of their positions. In...
Uncontested Divorce: Should We do it Ourselves?
Have you ever wondered about how to do something that felt daunting but maybe not super complicated (baking a perfect soufflé, building a patio, learning to golf) and decided to follow the advice to “Just look on YouTube!” So you find several videos on...
Top Tips to help you Thrive Financially
Your divorce is over. It’s time to start sorting through all the things you need to do, to get your financial life in order. Here are just a few tips to help you thrive financially, as you move into this phase of your life. Pay Off Credit Card Debt One of the...
