I was recently interviewed for the Divorce Resource Podcast by Ani Mason, local Family Law Attorney and Collaborative Divorce Attorney. Ani had lots of great questions about the sometimes confusing – but extremely important- world of retirement assets, which play a big role in many divorce settlement negotiations. During the podcast, we discussed the following [...]
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Interview: Questions About Bankruptcy
Bankruptcy is a topic that comes up occasionally with my clients, so I went to an expert, New York bankruptcy attorney, Bruce Weiner, with my questions. 1. How much debt does someone need to have for bankruptcy to make sense? Is there a rule of thumb or ratio of income to debt? It really varies [...]
Divorce & Your Money: Alimony, Maintenance, or Spousal Support
This is the ninth post in my “Divorce & Your Money” series. Spousal support, alimony and maintenance usually mean the same thing, and may be used interchangeably by your attorney or advisers. Here are the questions I hear most on the topic from divorcing couples: Why Does Alimony Exist? Traditionally, and even today in many [...]
Divorce & Your Money: How is Child Support Calculated?
This is the eighth post in my “Divorce & Your Money” series. Child support is an important issue for any divorcing couple with children. Parents need to know what to expect so they may plan for the future. Here are the basic questions I hear from couples (in my state, New York) surrounding this issue: [...]
Divorce & Your Money: Real Estate
This is the eighth post in my “Divorce & Your Money” series. “Who gets the house?” is the biggest question for many divorces. Your answer comes down to three options: Sell it now. The couple could agree to put the house or apartment on the market, sell it, and split the proceeds 50/50 or otherwise. [...]
Divorce & Your Money: Tax Issues
This is the seventh post in my “Divorce & Your Money” series. Taxes are never fun, but there are new things to consider when it comes to divorce. Filing Status If your divorce is final by the end of the year, you are considered unmarried for the entire year. Your tax filing status would be [...]
Divorce & Your Money: Retirement Assets
This is the sixth post in my “Divorce & Your Money” series. For many, retirement savings in a 401(k) or IRA may be their biggest financial asset. Here is a summary of retirement account basics and how they may be divided in the event of divorce. Retirement Account Basics In a nutshell, retirement accounts are [...]
Divorce & Your Money: Liabilities
This is the fifth post in my “Divorce & Your Money” series. In addition to their assets, a divorcing couple must identify their financial debts or liabilities. Division and responsibility for each will be part of their divorce settlement. Debt may have been part of the marriage, but hopefully it won’t be part of the [...]
Divorce & Your Money: Financial Assets
This is the fourth post in my “Divorce & Your Money” series. A divorcing couple must identify and evaluate their financial assets and liabilities. Division and responsibility for each will be part of their divorce settlement. Make a List Start by making a list of your assets. The list should include: Cash [...]
Divorce & Your Money: What is Marital Property?
This is the third post in my “Divorce & Your Money” series. There may be some confusion about which property (assets or money) may be considered “yours”, “mine” and “ours”. Property often gets jumbled together in the course of a marriage. However, some assets (or debts) may be excluded from the settlement agreement. Understanding the [...]
About Sara Stanich
Sara Stanich is a Certified Financial Planner, CFP® and Certified Divorce Financial Analyst, CDFA™. She provides financial planning advice and investment management services for her clients, who include entrepreneurs, growing families, couples going through divorce, and persons preparing for retirement.
