Celebrity magazines are filled with stories of the rich and famous spending gobs of money to fight their way through an acrimonious divorce. The most expensive and most contentious divorces (we’re looking at your Kayne and Kim) can take years and millions of dollars to settle. Those definitely qualify as the worst divorces. But for…
What is Co-Parenting? Co-parenting is a term used to describe the shared responsibility of raising a child between two parents who are no longer in a romantic relationship. Co-parenting aims to promote the child’s well-being by keeping both parents involved in their life. The arrangement involves creating a parenting plan and schedule that outlines when…
Have you ever wondered what the Second Saturday Workshop is all about? After completing the experience, I’m ready to dish. As the long-time head content writer for WIFE.org and, more recently, Second Saturday, I’ve written a lot on the TOPIC of divorce over the years. At this point, I would almost consider myself a “lay…
What’s Going to Happen to My 401k If I Get Divorced? Your 401k may represent the bulk of your retirement savings so the thought of losing any part of it during a divorce can be extra scary. What will happen to your 401k if you get divorced? Will you have to fork over most of…
Rising inflation has come to dominate the news, and you may notice its effects as you pay higher prices at the gas pump and the grocery store. You may not have realized, however, that inflation could also affect your divorce. (In fact, it may even increase your chances of getting a divorce according to one…
A lot has been written about how the Covid pandemic put many marriages through a severe stress test. Couples faced job loss and financial instability. They juggled the needs of kids learning from home and spent more time in close quarters with each other. For marriages already on the brink, Covid may have been the…
The Real Value of Your Divorce Assets Could Affect How Much You Get from Your Divorce When you begin the process of divorce, it can feel like a whirlwind. Not only are your emotions raw, but it’s easy to feel overwhelmed with all the details of the divorce itself. When I host divorce workshops, I…
With the dramatic cost of childcare in the U.S. (estimated to be $11,666 per year) and our country’s less-than-stellar family-friendly labor laws, it’s understandable that 26% of women aren’t in the workforce. However, that decision could hurt women dramatically when it comes to divorce. If one partner dramatically out earns the other (often the husband),…
Are You Entitled to Your Spouse’s Pension as Part of Your Divorce, or Is He Entitled to Yours? These days, one of the biggest benefits to holding a public sector job or sticking it out in the military is the promise of a juicy pension during retirement years. While pension plans have been largely replaced…
We love this guest article, written by Second Saturday Leader Dr. Shokohi. It provides loads of important information for parents who are preparing for a divorce. College costs are always a difficult (and scary topic), but financial planning for college can become even more complicated once you are divorced. Who is going to pay when…
Divorce is an emotional whirlwind. Even while you try to heal your inner wounds, you must also focus on how to divide your life from your spouse’s. Many couples focus on splitting assets as they begin preparing for divorce negotiations, but you’ll also have to figure out how to deal with debt. Any debt incurred…
What is Rental Property? Going through a divorce is never easy, and there are many things to consider when it comes to dividing assets like rental properties. Rental property is a type of real estate investment where the owner buys a property with the intention of renting it out to tenants. If you own rental…
If you are considering a divorce, one of the most important questions on your mind is probably, How much will I get? This isn’t your greed talking; it is your survival instinct. Whether you’ve been married three years or 50 years, you and your spouse have built a financial life together. A divorce will divide…
A divorce inevitably means you and your spouse will need to divide your assets, everything from your vehicles to your 401k. How in the world are you supposed to figure out who owns what or, more importantly, what portion of your shared property is yours? The first place to start is to gain an understanding…
Losing a job and facing the resulting money challenges can stress even the best marriages, and stressed marriages often lead to one or both parties contemplating divorce. But should you get divorced if you’re unemployed? Money troubles aside, staying in a bad marriage isn’t your only option. Here’s what you need to know if you…
Considering a divorce? It’s a big decision that will change your life and your finances. Divorce is expensive in ways big and small, which is why the time to start financially preparing for a divorce is right now. Even if you are in the early planning stages of a divorce or aren’t sure whether you’ll…
Will You Owe Child Support After Your Divorce? Divorce is happening. Whether you initiated the divorce or it came as a complete shock, you still need to start planning for your post-divorce life. Divorce takes a financial toll on both spouses, and if you have children, child support may be a new monthly expense you…
You are getting divorced. The life you once knew is over, and the relationship that was supposed to be “forever” turned out to be as permanent as the wind. If there was ever a time to start over emotionally and physically, now is the time. If your soul is whispering that you should move on…
Divorce is both emotionally traumatic and financially devastating. You are likely to lose around half of your assets. That’s everything you’ve been earning and saving during your marriage; not to mention you’ll also need somehow to navigate life with only your income. Breathe. Life is going to change. Losing a partner and financial stability at…
Common wisdom may lead to the assumption that doctors are ripe for divorce. After all, they tend to work long hours and experience a high level of stress on the job. Certain doctors, like ER physicians and gynecologists, may need to rush off to work in the middle of the night to save a life…
The emotional grief of divorce is all too easy to anticipate, but many people fail to realize how big a financial blow it can land. One of the biggest financial struggles people face after a divorce is how (and whether) to buy a home. Owning a home is a big part of the American dream,…
After what she describes as a “whirlwind romance” in a new article on Business Insider, Jorden Barcus married her love. She was 21, just out of college, and had almost nothing to her name other than student debt. Just eight months later, Jorden recognized that passion and romance don’t always make a strong foundation for…
QUESTION: I heard that I may be entitled to collect Social Security benefits when I retire based on my ex-husband’s earnings. But I looked at my divorce decree and it doesn’t say anything about it. Did I miss the boat? ANSWER: Here’s some good news about your divorce. If you were married to your ex-spouse…
Separating your life from another person can seem like an endless journey requiring a million steps. Many articles focus on the big picture tasks related to divorce, but you also need to know about all the nitty-gritty things, too, like how to close down joint checking accounts. With that in mind, here are some things…
No amount of money can replace time with your children, so though we all know how expensive children can be, most mothers and fathers negotiate hard to gain some amount of child custody during the divorce. If you are considering divorce or have already started the divorce process, you may assume that once you get…
The decision to get a divorce will be one of the biggest and most consequential choices of your life. Your divorce will directly impact your finances, your quality of living, the lives of your children, and your own emotional health. Maybe you’ve already decided that a divorce is the right choice for you, or perhaps…
Your marriage is coming to an end, and on top of the emotional event, your business could be in jeopardy too. You’ve spent years of your life painstakingly building your business into a thriving enterprise, but now your spouse could seek an ownership stake as part of your divorce settlement. Are you going to have…
For many women, the realization that a marriage is failing is a long, agonizing road. Oftentimes, a woman will know the truth in her heart for months before she builds up the courage to have that difficult conversation with her husband. If you are nearing that point, it is time to start planning for the…
The National Center for Family and Marriage Released a surprising study that showed divorce rates between adults 50 and older have doubled between 1990 and 2010. Now, 1 in 4 divorces in the United States is between couples over 50. On some level, this is good news. It means that the lower stigma of divorce…
One of the biggest benefits of marriage is that it often increases a couple’s financial stability as they combine their incomes and enjoy the savings of shared costs. In fact, in 2014, the average married couple filing taxes jointly reported an income of $117,795. Compare that to single, unmarried individuals who reported an income of…