Tag: finances
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What Happens if I Forget to Change my Will After The Divorce?
Picture this… You’ve passed away (hopefully peacefully in your sleep) and your family and loved ones are gathered around a desk in an attorney’s office somewhere, waiting to discover what you left to whom. Perhaps you get a chuckle out of picturing the facial expression of that one money-grubbing relative you intentionally left out of…
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I Think my Spouse is Hiding Assets Before The Divorce! What Can I do? (Pt 2)
Hi there and welcome back. We’re glad you could join us for the wrap up of this discussion about what to do if your spouse is hiding assets, and why it’s such a bad idea in the first place! As we mentioned before, hiding assets, or setting some of your money aside so you don’t…
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How do we Divide 401Ks, retirement funds and IRAs When You Get Divorced in Michigan? (Pt 2)
Hi there and welcome back. We’re glad you could join us to wrap up this discussion on the best ways to divide up your various retirement accounts and annuities when you get divorced. And yes, we know – reading about how to deal with finances isn’t the most exciting thing you’re going to do today.…
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How do we Divide a 401K, retirement funds and IRAs When You Get Divorced in Michigan? (Pt 1)
We get it – dealing with the more complex financial aspects of a divorce can be very overwhelming. Trying to figure out how a particular financial decision affects your future security, or what the tax implications are of choosing to keep or release a particular financial asset aren’t going to be the most exciting subjects…
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Understanding your Financial Situation is Critical in Case of Divorce (Pt 2)
Hey there, welcome back to this discussion about family finances, and why it’s so important for both spouses to be aware of what’s going on with the money side of things. As we mentioned in the previous article, it’s really important that both spouses have a handle on the family’s money situation. Again, this isn’t…
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Understanding your Financial Situation is Critical in Case of Divorce (Pt 1)
Most Michigan families have one spouse who deals with the family’s financial situation and one spouse who doesn’t. It’s pretty standard for most couples to have one person in charge of keeping track of the budget and paying the bills, while the other spouse relies on them to provide information about savings, budgetary changes, and…
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How to Move on After Your Divorce (Pt 1)
Divorce is tough. The events that lead up to it are often emotionally exhausting. The process is usually long and drawn out and full of conflict. And for many people, what comes after is rarely as sunny as you’d hoped. But it doesn’t have to be like that. You can walk away from your divorce…
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Tips For The Newly Single: How to Live on One Income After Divorce (Pt 2)
Welcome back and thanks for joining us. We’ve been talking about the issues people face (from a financial angel) after the divorce, and the best advice we can give you to avoid that is this: don’t wait until after the divorce before you start preparing for it. Don’t wait until you’re officially divorced to create…
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Tips For The Newly Single: How to Live on One Income After Divorce (Pt 1)
Divorce can be a very hard time for families. However, while it’s already difficult from an emotional and mental standpoint, there are also financial ramifications to consider. As we mentioned in the previous article, going from a dual-income family to being a single earner can be very challenging. This is even harder for women who…
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Why do I Have to Pay Alimony? Can’t my Lazy ex Earn Their Own Money? (Pt 2)
Hey there, thanks for coming back for the rest of this discussion on alimony in Michigan, and why you may have to pay it (even if you really don’t want to!). As we explained in the previous article, there are many situations where the family court here in Michigan would assign a divorcing couple alimony.…